A stunning reversal, a rebound for a few days! How should the market move tomorrow?
Today, the market continued the weakness of yesterday, with both markets experiencing a high pullback. The market's lowest point pulled back to around 3284 points, and subsequently, the lithium battery and lithium mining sectors rebounded, leading to a stunning reversal, ultimately closing with gains. On the trading front, stocks in both markets saw widespread increases, with controllable nuclear fusion, lithium mining, humanoid robots, reducers, superconducting concepts, new industrialization, glass substrates, industrial mother machines, and titanium metal sectors seeing prominent gains. Knowledge payment, railway infrastructure, Zhongte Ancient, ST sectors, the Belt and Road Initiative, aquatic products, and seed industries saw substantial declines. Nearly 120 stocks hit the daily limit up, and nearly 40 stocks hit the daily limit down, but most of them are individual stocks on the Beijing Stock Exchange, while the ChiNext surged over 2%, outperforming the main board.
Today, the market surged, and lithium mines and lithium batteries contributed significantly. In terms of news, the main contract for lithium carbonate has expanded its intraday increase to 4%, currently reported at 82,700 yuan/ton. This has triggered a surge in lithium mining concept stocks, with Ganfeng Lithium, Tianqi Lithium, Zhongkuang Resources, Tianhua New Energy, Yongxing Materials, Tibet Mining, and multiple stocks hitting the daily limit up!
In the global wave of energy transition, the importance of lithium mine resources is becoming increasingly prominent. Recently, lithium mining stocks have welcomed a strong rebound, especially Ganfeng Lithium, which achieved a daily limit up in the stock market trading on November 19, becoming the focus of market attention. This phenomenon is not only a reflection of the company's own operations but also a concentrated display of the entire lithium battery industry chain under the backdrop of supply chain tension and surging demand. It has been proven that as long as there is a significant drop, a rebound can occur. Therefore, for sectors that have recently seen a major drop, it is generally recommended to hold stocks and wait for a rebound. Recently, I have observed the stock market for a while, combined with market trends and short-term technical patterns, I have selected a potential golden stock from the technology sector: the momentum is complete, an explosion is imminent; but due to severe restrictions on approval, I won't disclose it here. Everyone, don't worry, just reply 'Keep up' to the message.
On the news front:
The Ministry of Industry and Information Technology published (further comprehensively deepening the reform in the fields of industry and information technology to inject strong momentum into the promotion of new industrialization). It proposed vigorously developing new fields and new tracks such as humanoid robots, brain-computer interfaces, 6G, atomic-level manufacturing, clean hydrogen, and new energy storage. This has led to a strengthening of related sectors today like robots and new industrialization, with Keda Intelligent, Tuosida, and others hitting the daily limit up, along with Hongxun Technology, Dongfang Precision, Tianyong Intelligent, Daheng Technology, and Haide Control also hitting the daily limit up. The market is performing well, and the rebound strength of related technology stocks is still relatively strong, mainly because there is a lot of room for imagination. However, for technology stocks that have seen significant short-term gains, everyone should still pay attention to risks.
Today's major decline was seen in individual stocks on the Beijing Stock Exchange, with the Beizheng 50 Index dropping over 6%. More than 120 stocks, including Lijia Technology, Dongfang Carbon, Zhongke Meiling, Kelaite, and Qianjin Technology, fell over 10%. However, as the market stabilized, individual stocks on the Beijing Stock Exchange also rebounded quickly, with the Beizheng 50 closing in the positive. The Beijing Stock Exchange has a 30% fluctuation limit, indicating that investors still prefer to seek stimulation. It should be noted that the funds in the Beijing Stock Exchange are mainly large funds, and with the fund rankings approaching, everyone should still be cautious of the risk of fund-induced selling.
The weekly support for the market is around 3275 points. This point was mentioned in yesterday's article. Today, the market's lowest point pulled back to around 3284 points, which is basically close to the weekly support level of 3275 points. Therefore, a rebound in the market is very normal. However, since the medium-term adjustment has not ended, the rebound time may only last for a couple of days. Today is the first day, and the market may test the bottom again, so during this round of market rebound, everyone should still pay attention to reducing positions.
Today's intraday analysis is as follows:
11:07 From the current perspective, the low point of the market's pullback should have appeared today. Friends with light positions, or those who reduced positions in the early session, can consider adding positions to seize a rebound as the market pulls back again near the early session low.
13:15 The market has pulled back again near the early session low. Although the medium-term adjustment has not ended, after four consecutive days of decline, a short-term rebound is imminent. Even in previous bear markets, there was always one day of rebound each week, meaning that out of five trading days, there is one trading day that is positive.
13:59 The weekly support for the market is around 3275 points, and today the lowest point is around 3284 points, which is basically at the weekly support level. At this time, everyone can be a bit bolder, but at least it is not recommended to cut losses!
The key point is coming:
Next, I will lead fans to layout several coins that are expected to rise by more than 60%.
Don't be a headless fly running around anymore. Keep up with my pace and strive to be better together.
Continuously paying attention to: doge sui x cow mask……
