Chapter 25 Weak Rebound
Monday, November 11, 2013, is the Singles’ Day as jokingly called on the internet, and is also the Double Eleven Online Shopping Festival.
As the A-share market, there has always been a very metaphysical saying on this day. Looking back at the transactions in the past few days, the two markets basically closed in the red, and netizens joked that it was a Double Eleven stock discount.
At today's opening, the ChiNext Index and Wangsu Technology both opened low, which is really in line with the metaphysical trend. Wangsu Technology pulled up slightly after the opening and touched the five-day line pressure level.
"The volume is not enough, so I sell it first. Looking at the index, it seems that there will be another drop, and then I will buy it back at a low level." Unity of knowledge and action, at the 69.87 position, 7,800 shares of Wangsu Technology were successfully sold.
As expected, after Wangsu Technology reached its highest price of 69.95 yuan, it was quickly smashed down by two large orders of 5,000 lots. At the same time, the ChiNext Index also plunged rapidly.
Both markets plunged. At 9:50, Wangsu Technology had quickly fallen from its highest point of 69.95 yuan to 65.99 yuan, a drop of 6%.
The ChiNext Index did not fare much better, falling again from the red position. The stock index once again fell below 1,200 points, hitting a recent low of 1,191.18 points.
The market was in panic at this time, but Gu Junhao still followed his own pace and took back Wangsu Technology at a price of 66 yuan.
"Today's T was done well. Taking into account the remaining funds in the account, I actually have 500 more shares." Looking at the 8,300 shares held in the account, Gu Junhao was very satisfied.
There are already 8,300 shares. If there are a few more trading days of fluctuations, maybe the holding can reach 10,000 shares. Thinking of this, Gu Junhao hopes that the fluctuation of Wangsu Technology can last longer.
At 10:10, the ChiNext Index rebounded quickly after falling below 1,200 points again. The index quickly pulled above the yellow moving average of the day, and the same was true for Wangsu Technology.
However, today's Wangsu Technology is significantly weaker than the index. After continuous adjustments, although it is still oscillating within the box, the long-term trend has not been broken. However, it has continuously broken the recent moving average position, and the short-term trend is not good.
This also leads to the lack of popularity of Wangsu Technology, which cannot attract funds to buy at the bottom like other concept stocks.
On that day, the ChiNext Index finally achieved an intraday rebound, breaking the Double Eleven curse and closing at 1212.69 points, up 0.13%.
Wangsu Technology failed to close in the green and finally closed at 67.54 yuan, with a daily decline of 2.62%, and its performance was weaker than the broader market. However, Gu Junhao still made a profit today, with a profit ratio of nearly 3.5%, which can be regarded as outperforming the index.
In the following two trading days, Tuesday and Wednesday, Wangsu Technology continued to maintain slight fluctuations. During these two days, Gu Junhao also made a total transaction amount of 500 shares, and a total of 1,000 shares were added in three days. The efficiency of this full-position T is still very high.
With 8,800 shares of Wangsu Technology in my portfolio, I arrived at the fourth trading day of the RB week on November 14, when both markets opened low and ended high.
Wangsu Technology also changed its weak performance in the previous few trading days . A large number of buy orders came out in the call auction stage to maintain the stock price. Finally, Wangsu Technology opened at 67.33 yuan and maintained a positive opening status.
"There should be a decent rebound today. It has been adjusted for six consecutive trading days." Looking at the opening status, Gu Junhao pondered.
"It is better to stay still in the morning and see if it can break through the 5-day line." Today, Wangsu Technology is obviously stronger than the index, and the ChiNext Index has experienced a period of decline in the first trading session.
However, the index did not fall below 1200 points. It began to rebound at the lowest point of 1200.71 points. Wangsu Technology opened slightly higher and continued to rise. When the ChiNext Index rebounded to 0.5% , Wangsu Technology had already risen by as much as 3%.
"It looks like I can only do a T with a high and then a fall in the afternoon today. If I sell in the morning, I may lose money."
Throughout the morning, Wangsu Technology's stock price continued to rise, closing at 71.83 yuan in the morning, up 6.83%. The ChiNext Index also performed well, closing at 1240 points, up 2.33%.
After the market closed at noon, I browsed Taogu Bar. Most of those who bought today were very happy, while those who sold their stocks when the index fell in the morning were very regretful.
"There really is nothing that one bullish candle can't change . If that's not enough, then two will do."
Today's surge in Wangsu Technology also made Gu Junhao's market value exceed 600,000 yuan for the first time. At this pace, there will be no problem maintaining an average daily holding of 500,000 yuan this month.
When the afternoon trading opened, the ChiNext Index continued to rise. At 1:20, the index reached a high of 1251.77 points. When the increase exceeded 3%, it encountered resistance. When Wangsu Technology reached the highest price of 72.88 yuan, a large sell order appeared on the market.
“It looks like the stock won’t reach the daily limit today, so I’ll sell it first.” 72.50 yuan, 8,800 shares of Wangsu Technology were cleared with one click.
Without the continued increase in main holdings and with the increase in selling, the share price of Wangsu Technology has been falling. The main force seems to be suppressing the rise, wanting to keep the increase as close to that of the ChiNext Index as possible.
Throughout the afternoon, Wangsu Technology's trend was completely opposite to that in the morning, even falling below the 70 yuan mark to 69.72 yuan.
It was also at this time that Gu Junhao once again filled his portfolio with 9,100 shares of Wangsu Technology, with an average transaction price of 69.85 yuan, and 300 more shares.
The two markets saw more reds than greens today, and the overall profit effect was obvious. The ChiNext Index finally closed at 1249.67 points, almost a bald positive, up 3.1%. The trading volume broke through the previous trading day, reaching 26.83 billion yuan.
Wangsu Technology also performed well, closing at 70.90 yuan. While the stock price stood above the 70 yuan integer mark, it also recovered all short-term moving averages.
"As usual, here are today's delivery orders. Today's overall return is over 9%, the market value has exceeded 600,000 yuan, and 9,100 shares are in Su Technology."
After the market closed, Gu Junhao posted his delivery note on Taoguba. Although he did not lose money in the recent transactions, his performance was nothing outstanding. After all, everyone would get visually fatigued if they did T on the same stock every day.
What's more, Taogu Bar is also a place where hidden dragons and crouching tigers are everywhere. Every day someone will post some posts about daily limit prices to attract attention.
Those who can stay and continue to pay attention to Gu Junhao are either those who were attracted to him at the beginning, or those who hold shares in Wangsu Technology like Gu Junhao, such as Su Mingyu and others.
However, today's earnings significantly outperformed the market, and coupled with another breakthrough in the amount of funds, Gu Junhao's post became popular again, and the number of replies increased significantly in a short period of time.
"Brother T is still the same Brother T. If you read his posts every day, it seems that the market value has not changed much, but as long as there is a rebound, it can reach a new level. It's really amazing."
"Dude, you're telling me that the market value hasn't changed much? You haven't looked at my brother T's profit curve, right? It has been rising like a staircase, and there has only been one trading day of retracement since the post was posted, right?"
"I have to say, Brother T is awesome, but Wangsu Technology is really losing money. Fortunately, I don't have much time to watch the market, otherwise I would have sold it long ago." This was the reply from the guy who cost 70 yuan.
"I bought 3,400 shares of Wangsu Technology and increased it to 9,100 shares. The market value increased from 190,000 to nearly 650,000 today in just one and a half months. I have to say it is really impressive."
"Brother T, isn't your goal of 1 million a little too low? If you keep doing this, 1 million will be no problem."
"Brother T is not only good at T, but also has a good judgment on the trend of the market. He said that 1,200 points of the ChiNext is the bottom, and it really rebounded here."
