Yesterday, the 15-minute level of the PCB triggered a rebound. Today, the index continued to rebound but faced resistance and fell back, forming a doji star. There was significant divergence between the index and individual stocks today, with almost all stocks declining. This is mainly due to institutions boosting the stocks of the group, aiming to force retail investors to sell their low-position shares. To make retail investors hand over their cheap shares, the main players have put in considerable effort. For example, today, they raised the brokerage stocks without volume to entice retail investors to sell at a loss and switch to brokerages, but retail investors remained indifferent. Then they raised battery and high-profile stocks. The aim is to find someone to take over. Now retail investors have also become smarter and are no longer easily chasing high prices.
Today, the index formed a doji star, facing a potential change in trend in the short term. We will wait for the market to find its own direction. If it does not effectively break below 3780 points, the short-term upward trend will not be damaged. The mid-term upward outlook remains unchanged, and we are mainly watching whether a short-term adjustment will come. We will wait for the market to choose a direction. Looking at the following 15-minute PCB, we can see that there is short-term upward pressure.
