Shanghai Composite quick take:
The Shanghai Composite looks close to bottoming out today.
We’re also seeing a bottoming confluence across the 3rd-level nested structure (bottoming range).
Those taking the left-side approach have already opened positions (Xiaohua, for example).
For those taking the right-side approach, I suggest waiting for a blue 2nd buy signal.
From a sector perspective:
The ice-and-snow industry led both markets, with 11 stocks hitting the limit-up price (Harbin Ice-Snow World expanding to 1.25 million square meters + the seasonal Q4 kickoff).
PCB/copper-clad laminates: 8 stocks (Shengyi Electronics’ Q3 report forecasts a 90% increase + Citi backs China’s 75% share of the global copper-clad laminate market).
Mass-market consumer stocks and dye stocks are taking turns rising on price hikes.
Capital is rotating out of high-flying AI and media stocks into clusters of low-priced stocks hitting the limit-up for the first time. The promotion rate is relatively low at 8.77%, and sentiment is in a volatile, divided phase; continued momentum depends on volume support.
Actively look for blue 2nd buy signals after the 3rd nested structure within each sector (a full-market scan will be completed next week).
Waiting for the wind to come.
Source: @Cycle_King1913 on X
The Shanghai Composite looks close to bottoming out today.
We’re also seeing a bottoming confluence across the 3rd-level nested structure (bottoming range).
Those taking the left-side approach have already opened positions (Xiaohua, for example).
For those taking the right-side approach, I suggest waiting for a blue 2nd buy signal.
From a sector perspective:
The ice-and-snow industry led both markets, with 11 stocks hitting the limit-up price (Harbin Ice-Snow World expanding to 1.25 million square meters + the seasonal Q4 kickoff).
PCB/copper-clad laminates: 8 stocks (Shengyi Electronics’ Q3 report forecasts a 90% increase + Citi backs China’s 75% share of the global copper-clad laminate market).
Mass-market consumer stocks and dye stocks are taking turns rising on price hikes.
Capital is rotating out of high-flying AI and media stocks into clusters of low-priced stocks hitting the limit-up for the first time. The promotion rate is relatively low at 8.77%, and sentiment is in a volatile, divided phase; continued momentum depends on volume support.
Actively look for blue 2nd buy signals after the 3rd nested structure within each sector (a full-market scan will be completed next week).
Waiting for the wind to come.
Source: @Cycle_King1913 on X