Chapter 266: Building a Short-Term Leader
The trends of the Shanghai and
Today, the three major financial institutions and stocks with Chinese characters in their names all performed generally. The brokerage firms that were extremely strong yesterday collectively fell silent today. Stocks with Chinese characters in their names also maintained an adjustment posture. Zhongguo Jiaojian, which hit the daily limit yesterday, finally closed with a cross negative line today.
It is naturally a good thing for traders to achieve a substantial breakthrough in the stock index without relying on big finance and relying solely on rotation between sectors. However, relying solely on the rise of a few sectors is obviously not a long-term solution.
As we entered Wednesday, the rotation between sectors had become more intense. In the morning trading, both the Shanghai and Shenzhen stock markets opened higher and maintained a high-level fluctuation situation, and the rotation between sectors became more intense.
Tonghuashun opened sharply lower by 2.54% in the morning at 39.36 yuan, less than 1.5% away from the five-day line of 38.79 yuan.
Gu Junhao has become accustomed to the sharp opening low during the call auction for popular stocks such as Tonghuashun. The volatility of high-priced stocks has always been like this. As long as there is no low opening that breaks the trend, there is no need to worry.
At 9:30, the transaction officially began. A buy order of more than 4 million yuan brought the price to 39.78 yuan. The middle orders that followed were also continuously flowing in. Within one minute, Tonghuashun had an inflow of more than 8 million yuan.
"No more pullback? The trend since the opening is quite interesting." Gu Junhao also noticed the changes in Tong Huashun's trading quotation in the morning.
Although it may be affected by the high opening of Dongfang Wealth and the entire sector, we must know that Tong Huashun is not a sector garbage that follows the trend, but a real Dragon II.
Occasionally, Tonghuashun, due to its equity advantage, will also take the leading position, and the upward surge in the early trading session has a positive effect.
Tonghuashun's upward surge paused for less than a minute. At 9:32, Tonghuashun, which had fallen back to 39.62 yuan, was once again brought up by a wave of mid-level orders. The stock price turned positive at 40.40 yuan at 9:35.
"It's quite interesting. It looks like it will show off today." Gu Junhao said with a smile. Tong Huashun used to go up along the five-day line during pullbacks, but that was not the case today.
Tonghuashun, whose opening price is the lowest price, is a certain distance away from the five-day line. If it wants to maintain the upward trend along the five-day line, it will inevitably need a big rise today before the five-day line can move up.
At 9:37, Tonghuashun reported 41.41 yuan, up 2.60%. Gu Junhao took the time to look at the trend of Dongfang Fortune. At this time, Dongfang Fortune had exceeded the 24 yuan price and reported 24.01 yuan.
The two leading stocks performed actively, the sector effect was continuously strengthened, and some follower stocks within the Internet finance sector concept also performed well.
Tong Huashun's performance is far from stopping, and its stock price is still rising. Today, Tong Huashun's performance is stronger than Dongfang Wealth, and the flexibility of small capital is fully demonstrated.
At 9:43, driven by another buy order of more than 1,000 hands, Tonghuashun's stock price closed at 43 yuan, up 6.54%; the integers of 41 yuan, 42 yuan and even 43 yuan were broken through so easily.
"The amplitude is almost 10 points. The funds for intraday T or profit-taking should be coming out soon." Gu Junhao said with a smile.
The price rose so quickly in the morning. If you followed your own operating habits and bought in the call auction or after the opening, the profit for one day would have been close to 10%, which could fully meet the profit-taking requirements.
Sure enough, with a round of outflow of more than 5 million yuan, Tonghuashun's stock price instantly fell to 41.21 yuan. The outflow funds were mainly medium and small orders. Gu Junhao even saw a lot of 1-lot orders being sold in the trading quotation.
"It's likely that he bought in yesterday afternoon, hoping to get a daily limit." These sell orders made Gu Junhao laugh.
With a transaction volume of less than 5,000 yuan, although the brokerage commission has been reduced nowadays, compared with the commission of 20,000, 15,000 or even 10,000 in later generations, the frequent transactions at this time can be regarded as working for the brokerage.
At 9:50, Tonghuashun surged to 43.86 yuan, up 8.67%. A new round of selling began, still dominated by small and medium-sized orders. Of course, these are not all retail investors, and there will also be a lot of big funds selling in disguised ways.
It is very normal for funds to have selling demand when the stock price is high, as long as it is not done by violent market smashing. Often, violent market smashing can easily lead to an emotional collapse of a high-priced stock.
Due to its particularity, A-shares are not a win-win market, but a market dominated by game. Regardless of the analysis of fundamentals, sentiment, expectations, etc., it is ultimately not a game of passing the parcel.
During this game, the sentiment of a stock should always be maintained under the condition that most investors or most funds are optimistic about it. Short-term sentiment is very important.
At 10:09, the slowly falling share price of Tonghuashun fell below 43 yuan again to 42.70 yuan; followed by a strange trend that lasted for four minutes.
Within four minutes, Tonghuashun's transaction volume exceeded 6 million yuan, but the stock price fluctuation remained within 0.03 yuan, which appeared as a straight line on the time-sharing chart.
"What a change in the market." Gu Junhao said thoughtfully. The trend in the past four minutes was very strange. The trading volume was not low, but the stock price seemed to be motionless.
At 10:15, with just a buy order of 500 lots, Tonghuashun’s stock price quickly surged to the integer of 44 yuan, a surge of 9.02% on the day. If Gu Junhao had not been keeping an eye on the trading board, it would have been hard for him to imagine that a buy order of just 500 lots could push up the stock price by 3%.
"What the hell? Did I see it wrong? It was 42.72 yuan just now, and now it's 44 yuan?"
"This order is not that big. 500 lots of 2.2 million yuan can increase 3%?"
"Oh my god, I was fooled by the main force. I was just waiting for the market to drop a little so I could buy some shares, but it went up so quickly."
“I cried when I saw the sell order of 15 lots at 42.73 yuan above the 500 lots; yes, that was me!”
The trend of Tong Huashun is so interesting. If you are distracted for a moment, it will rise unexpectedly. The stock price rises to 44 yuan. Although countless sell orders have poured in, Tong Huashun has always maintained a strong price of 44 yuan.
After withstanding this wave of selling, Tonghuashun broke through 44 yuan at 10:17 and closed at 44.10 yuan; two minutes later, a buy order of 2,252 lots pushed Tonghuashun up to 44.40 yuan, and the stock price hit the daily limit.
Dongfang Fortune is currently trading at 25.03 yuan, with its share price up 5.30%. Its trend is weaker than that of Tong Huashun today. At this time, Tong Huashun, which is trading at the daily limit, has seen an increase in the number of orders on the board.
Tong Huashun, which was closed at a high level, had continuous large sell orders of more than 1,000 lots during the trading session, causing its closing structure to constantly change. Judging from the trading volume, although there is a lot of money to take over the shares, some of the funds are still determined to take profits.
At 11:08 a.m., Tong Huashun's largest single-day sell order of 3,002 lots in the morning and the subsequent sell order of 1,160 lots broke the daily limit of Tong Huashun.
At this point, Tonghuashun's volatility began to increase. In less than 15 minutes, it fell to 43.50 yuan. However, led by a buy order of a thousand hands, Tonghuashun barely rose to 44.39 yuan by the midday close.
"It seems that the turnover on this board is quite intense today. I don't know which hot money is so stubborn. I just don't know if he will still be stubborn this afternoon."
This kind of stubborn closure is most likely not caused by institutions. Institutions are accustomed to doing medium- and long-term transactions and do not have much .
But it is not the case with hot money. Judging from the performance of Tong Huashun today, Gu Junhao believes that with the popularity of the Internet finance sector, just like the previous round of surge, hot money is likely to want to make Tong Huashun a short-term leader again.
As for what kind of hot money it is, it can be seen from the post-market Dragon and Tiger list. Tonghuashun fluctuated by more than 13% today, and its stock price is so strong. As long as the increase remains above 7%, the probability of it being on the list is still very high.
As for why it is not Dongfang Wealth; it is very simple. Dongfang Wealth’s share capital is too large, and there are many large public funds in it. It is very difficult for hot money to create Dongfang Wealth’s short-term leading position.
For a sector to rise for a round, there must be a short-term leading stock. This leading stock does not need to have outstanding performance or excellent fundamentals. It only needs to be recognized by hot money, market hot money and retail investors.
Tonghuashun has a moderate share capital, active trading, and a turnover rate that remains within a certain safe range. From an expected perspective, it is very suitable to be built into a leading target.
When the leading stock rises to a certain level and the stock price and even the trading volume are unable to break through again, the main force of the last wave of relay in the market will choose another similar stock in the sector to seek a selling opportunity and pull up the small to get the big.
Use a new target to bring about the sector effect. At this time, even if the leading stock hits the limit down, ordinary investors will be very bold to buy in and catch the bottom because the limit up effect still exists in the same sector and the same concept.
Among short-term traders, this kind of bottom-picking behavior is described as Jackie Chan turning back. Gu Junhao doesn’t know when or where this term came from.
But the person who can describe the shipment so fresh and refined is definitely not an ordinary investor; and in the process of building a leader, the reason for gaining the recognition of retail investors is also for this moment.
Only by getting ordinary investors excited can they take over the shares without realizing it, thus completing the final move in this game of passing the parcel.
In the afternoon trading, Tonghuashun also kept opening the board, but both the amplitude and the large orders were much smaller than those in the morning, and there were no large orders of more than 3,000 lots.
At 13:35, Tong Huashun hit the daily limit again. This time, the orders on the daily limit exceeded 500 million yuan, and the long funds were very determined. Since then, Tong Huashun's daily limit has never been opened again.
