Chapter 72: The Upcoming Bad News
"Today's opening was pretty good." The high opening guided the sentiment, but it didn't open too high, so there was no need to worry about on-site funds dumping the market.
Especially the ChiNext Index, which opened slightly higher today and above the ten-day line, is a good rebound signal.
The Shanghai Composite Index formed a long positive line yesterday, led by the sharp rise of banks. Under normal circumstances, the banking sector is unlikely to continue its strong short-term trend. It seems that funds have a tendency to attack the ChiNext today.
At the close of yesterday, Deloitte released its global financing report for the first quarter of 2014. In the first quarter, IPOs in Hong Kong and the Mainland were active, with H shares raising HK$1.4 billion in the first quarter, a record high; A shares, which had been open for more than a month, raised RMB 33.5 billion, which was comparable to the same period in 2012.
In addition, Deloitte also believes that the A-share IPOs, which were actually suspended at the end of February, will reopen at the end of April, but the market was not affected by this news today.
After the opening, the Shanghai Composite Index remained above the red line in the early trading session, the heavyweight stocks continued to maintain the index, and the performance of the ChiNext was even more eye-catching today.
The ChiNext Index opened higher and then continued to rise. At 9:32, the index rose by more than 0.8%, but Dafu Technology's trend went in the opposite direction of the index.
Dafu Technology opened high and then low, and was hit by two 1,500-lot sell orders at the opening, dropping the price to 23.51 yuan. The stock price fell by 1.65%.
"It hasn't fallen below yesterday's low, so we can still keep an eye on it." Dafu Technology briefly fell below the five-day line, but after looking at the volume, today's opening volume seemed to be similar to yesterday, so Gu Junhao gave up the idea of doing T.
Although Dafu Technology follows its own independent trend and does not follow the index, as long as there is no major risk in the index, adjustments near the five-day line are still acceptable.
It briefly fell below the five-day line during the trading session, but as long as there is no major change in volume, it is basically safe.
The ChiNext Index made great strides . By ten o'clock, the index had risen to 1376.69 points, up 1.88%.
The related stocks in the sector all rose by more than 2%, while Dafu Technology continued to fluctuate around a 1% decline. However, the trend has stabilized and has closed above the five-day line.
"The ability to control the market is still quite strong, the selling pressure is also decreasing, and the intraday yellow moving average is also moving up."
In this way, the morning trading ended. After reaching a high point at ten o'clock, the ChiNext Index began to fall slowly, and fell back to 1364.73 points at the morning close, an increase of 1%.
At the same time, Dafu Technology began to slowly recover after falling slightly below the five-day line in the morning, and the time of recovery coincided with the decline of the ChiNext Index.
It really moves in the opposite direction of the index. When the index rises, it falls, and when the index falls, it rises. However, at the midday close, Dafu Technology was still in the red, closing at 23.84 yuan.
"The main force uses this trick every day, pulling and washing at the same time." The overall market rose sharply today, but Dafu Technology had no performance for the whole morning. This will inevitably make some impatient market-watching funds exit and look for new opportunities.
Throughout the morning, Dafu Technology's amplitude was only 3%, the trading volume was less than 100 million yuan, the turnover rate remained at around 1.5%, and the overall trend was stable. If it were on a normal day when the market had no performance, such data would definitely be good, but today both markets rose generally, such data is not attractive enough.
Trading continued in the afternoon, and the ChiNext Index rebounded slightly between 1:00 and 1:20. As expected, Dafu Technology's performance was mediocre during the index rebound, and it always fluctuated around the flat price.
At 1:25, the ChiNext Index fell again, and five buy orders of more than 2,000 lots suddenly appeared on the Dafu Technology trading table.
"Oh wow, you can't help it?" Looking at Dafu Technology's sudden surge in volume, Gu Junhao couldn't help but laugh.
The buying point of nearly 10,000 shares also quickly pushed up the stock price. At 1:30, Dafu Technology was trading at 24.61 yuan, up nearly 3% and breaking through the previous high .
The main force funds that had been holding back for the whole morning finally couldn't hold back any longer. With the adjustment of the index, Dafu Technology's trading volume increased significantly in the afternoon and its stock price continued to rise.
At two o'clock, Dafu Technology broke through the 25 yuan mark for the first time, closing at 25.17 yuan, up more than 5%. At 2:10, Dafu Technology closed at 25.81 yuan, up more than 7%.
"What a pity, it was pulled too fast, there was no room for T."
Dafu Technology started to rise after 1:25 p.m., and has experienced three rounds of large increases so far. Each time it rose by nearly 3%, it then pulled back and fluctuated. However, the space for each pullback was not large, less than 1%.
This also made Gu Junhao feel helpless. There was nearly 8% fluctuation in the afternoon and the trading volume also increased a lot, but he couldn't find any opportunity to do T.
At 2:15, Dafu Technology fell back to 25.35 yuan and started its fourth rise of the day. However, the volume has obviously shrunk compared with the previous times, and the chips in the market began to be reluctant to sell.
At 2:30, Dafu Technology reported 25.98 yuan, an increase of 8.7%, and the stock price once again set a new high for the year.
"The volume is insufficient and the amplitude exceeds 10%. It should not be able to reach the daily limit today, right?" The main funds were really strong in the afternoon, but Gu Junhao felt that the probability of a daily limit was not high.
If the stock price hits the daily limit again today, it will definitely be on the Dragon and Tiger list again. It has been suppressed with great difficulty all morning, so I think it is unlikely to be so high-profile in the afternoon.
There should still be tacit understanding among the funds, otherwise a good synergy will not be formed.
Sure enough, after two and a half points, Dafu Technology had no more performance and maintained a high level of fluctuation around 7%. It created a new high of 25.98 yuan for the year and closed at 25.77 yuan, an increase of 7.82%, with a turnover of 257 million yuan.
The continuous new highs also make Gu Junhao believe that the new high price of 25.98 yuan is not the end of Dafu Technology. Today is only the ninth day of this month. If nothing unexpected happens, it is destined to set a new high again this month.
You should know that even though Dafu Technology has been rising continuously this month, it has risen 32.7% in the six trading days to today's closing, but judging from the trend, Dafu Technology has not deviated much from the five-day line.
The market is bullish and the stock price has not deviated too much from the five-day line, which can only mean that there is still a lot of room for future growth.
The Shanghai Composite Index closed at 2105.24 points throughout the day, up 0.33%, and the ChiNext Index closed at 1370.46 points, up 1.43%. Both achieved three consecutive positive days.
"It has exceeded 7.7 million in market value." Gu Junhao was in a good mood as he looked at his account after the market closed. Today was another day of big gains.
However, both major indexes have already experienced three consecutive positive days, and the ChiNext Index is facing significant pressure again. Tomorrow is Thursday, and it is not known whether this week's market trend can continue.
If there is no major positive news, the adjustment should not be far away, right? Yesterday, Deloitte announced that IPOs may be launched at the end of the month, but it did not have any impact on the market at all, which is a bit strange.
