Guosen Securities and finance business department pointed out that yesterdays market V-shaped recovery reflected a strong relay. The trading volume of the two cities has been maintained at the level of trillion yuan for five consecutive days, and is increasing day by day. With the continuous rebound of the market, the market has accumulated certain profit resistance, and there are differences. Short-term fluctuations may increase to digest and consolidate. Nevertheless, the market trend is still strong, the liquidity is good, and the characteristics of active structure are expected to continue. In terms of strategy, it is necessary to continue to control the pace, and in the later stage, it can gradually use the market shock callback to carry out the optimal configuration.
Guosheng Securities pointed out that on Tuesday, the A-share market experienced a deep V trend under the influence of the periphery. The growth enterprise market fell by more than 4% and closed up by 1.03% to a new high. The Shanghai Stock Exchange was significantly weaker than the small and medium-sized enterprises, with the volume of trading once again enlarged by 1.42 trillion, a new high since July 2015, exceeding trillion for five consecutive days, and the net outflow of capital from the north for three consecutive days was 5 billion, the first time since the Spring Festival. In terms of technology, the volume and price of small and medium-sized enterprises are still rising, with nearly 150 stocks up and down. The profit-making effect is still obvious, and the driving factors for the rise are still in place. After the huge shock, fear of heights and profit taking mood will certainly increase. The uncertainty of the global spread of the epidemic will be superimposed. The market is expected to be dominated by shocks and consolidation. It is not ruled out that technology stocks will continue to rise. However, from the perspective of valuation, it is particularly important to treat the markets high sentiment rationally and stand near the export point. Maybe it is time to reduce some positions.
Source: editor in charge of Finance and economics of Netease: Yang qian_nf4425