On June 11, market dynamics became the focus of many investors. The A-shares suddenly fell sharply the afternoon before, which triggered concern among investors, who speculated that this might be a signal of market adjustment. However, the market trend showed a new turning point this morning. Investment consultant Peng Gen gave a detailed interpretation of this phenomenon and put forward a unique market analysis view.
Initial market concerns
On the afternoon of June 10, the A-share market suffered a sharp decline, which aroused anxiety among investors. Many people are beginning to worry, which may indicate the beginning of market adjustments, and panic spreads rapidly among the investor community. People are generally worried that the market may enter a downward channel and that their investment may suffer losses, so they closely monitor the future trend of the market.
Peripheral market performance
As of June 10, external market trends showed that the three core stock indexes in the US stock market were all showing an upward trend. Among them, the Nasdaq index rose by 0.63%, while the Dow Jones index rose by relatively small, only 0.25%. A thorough analysis of the trend of the Nasdaq Index can be seen that in recent days, the index has continued to rise, and its moving average shows a significant upward trend, and on the K-line chart, the upward angle exceeds 45 degrees. Penggen analyzed that the recovery momentum of the US stock market is still strong, and its expected target price may reach the latest historical high. The market still has upward potential and is expected to continue to rise in the short term. Therefore, investors investing in QDII funds should continue to hold it and wait for the stock price to rise further.
A-shares are strong in the morning
On June 11, the A-share market returned to public attention, and the stock price showed an upward trend at the opening. Penggen analyzed that although the market closed negative lines the day before, investors do not need to worry too much. In the afternoon of June 10, the market suffered a sharp decline, but the bottom-buying funds flowed in quickly. Although the market did not achieve a close price increase in the end, it left a long lower shadow line and the turnover volume increased significantly. Yesterday, the transaction volume of Shanghai and Shenzhen stock markets rose to 138.8 billion yuan; this phenomenon reflects that some funds are intervening in the low range; at the same time, when the pressure level of 3439 points approaches, the increase in funds appears; these signs are regarded as signals of market optimism.
There is support after the sell-off
It is worth noting that the market has tested the pressure areas formed by the previous historical highs more than once, and it hit four times on the 10th. This phenomenon reflects that the market is constantly laying the foundation for the final breakthrough in the process of many attempts to make an upward breakthrough. It quickly rebounded after the market experienced a deep decline yesterday, and the recent adjustment was relatively small. After the adjustment was completed, the market quickly resumed its upward trend. Although there was a decline in a single day, this change did not affect the long arrangement of the moving average. At the same time, the market trend also showed a bullish trend similar to the “tea cup with handle”.
Preliminary confirmation of the dishwashing
After comprehensive consideration, Penggen analyzed that the trend of the opening period on June 11 showed that the negative line that appeared the day before mainly revealed a single-day wash-up behavior of the market. At present, the market has achieved an upward breakthrough in volume, which is undoubtedly a message to boost confidence for investors. Despite this, for the future trend of the market, we still need to continue to pay attention to the matching degree of the volume-price relationship; only when the quantity-price support each other can the market maintain its upward momentum.
The height remains to be seen
Penggen finally emphasized that although the current market situation is relatively optimistic and the market trend in the morning also showed positive signals, it is not possible to accurately predict the height of this rise. Investors need to pay close attention to market changes and be fully prepared to deal with various potential situations.
People from all walks of life are now invited to share their insights. In view of the current market conditions, do you prefer to maintain stock positions or implement asset adjustment strategies? Please leave a message in the comment area to interact. At the same time, you are welcome to like and share this article so that more investors can obtain relevant information.
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