Hello everyone, the Chinese stock market closed on Friday. It was a tough day as the A-shares traded 590 billion and rose by two points, with over 3,500 companies falling, and the main force funds net sold 12.4 billion today. Can it still rise next week? Please listen patiently and attentively, and I believe everyone will have a clear understanding!

Firstly: Today, the A-shares opened slightly lower at 2873~2888 and fluctuated narrowly within 15 points throughout the day. The total trading volume was 590 billion, which led to a two-point surge, but it was blocked by the 20-day moving average at 2888. More than 3,500 companies in both markets fell, while 1,670 rose, including 43 that hit the daily limit up and 11 that hit the daily limit down. The main force funds net sold 12.4 billion. The overseas stock markets were booming, especially the US stock market's Nasdaq index, which made a V-shaped reversal in 8 days, exceeding 10%, and the Japanese stock market, which made a V-shaped reversal in 9 days, rising over 20% and returning to a technical bull market. However, our A-shares barely rebounded from 2839.39 this week, rising to 2879 points, and still failed to hold the 2900 point mark at today's close.

Secondly: Looking at the industry sectors, banks, oil extraction, and telecommunications operations all rose today, especially the banks. Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of China all rose by more than 1% and set new historical highs. The "national team" has increased its holdings in the four major banks. Although they have risen by more than 20% this year, they still only have a price-to-earnings ratio of 3 to 5 times, so they are still expected to rise in the medium to long term.

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So, since the end of October last year, I have repeatedly told all stock investors that if they don't know how to trade stocks, following the "national team" is a simple and direct approach. As expected, they have set new historical highs again, and they will continue to rise in the future. On July 29th, some stock investors thought that if they followed the stocks of a certain team, they might be in deep trouble and get seriously stuck. This shows that complaining stock investors will always just complain!

Thirdly: In addition, today's industry sectors saw the banking sector reach a historical high, and sectors such as Huawei's HiSilicon, AI glasses, folding screens, and pharmaceuticals have shown a continuous upward trend. In this week's hot spot analysis, I repeatedly mentioned AI glasses and folding screens, which indeed showed a 6-day upward trend. I believe that my most loyal fans who have been following closely will be quite pleased.

At the same time, today's A-share industry sectors saw many sectors decline across the board, including supermarket chains, motorcycles, aviation, gold, real estate, beer, water utilities, electricity, tourist attractions, environmental protection, electrical equipment, semiconductors, securities, chicken, pork, new urbanization, photovoltaics, and low-altitude economy, all of which suffered significant losses. In the past 9 trading days, there have been very few A-share industry sectors with a continuous upward trend, so there are not many stock investors who can make a profit, and most are still in the dark, eating noodles.

Fourthly: In today's A-share sector indices, the CSI 1000 fell by 0.77%, the small-cap index fell by 0.73%, the STAR 50 fell by 0.33%, the Shenzhen Component Index fell by 0.24%, and the ChiNext Index fell slightly by 0.08%. The small and medium-sized thematic indices all fell, while the Shanghai Composite Index was slightly red at 0.07%, the CSI 300 was slightly red at 0.11%, and the Shanghai 50 rose slightly by 0.3%. Today was basically a recovery of the weighted index, while the small and medium-sized thematic individual stock indices all adjusted. The A-shares were able to stabilize and rise today thanks to the support of the heavyweights.

Fifth: Outlook for the A-share market, can it still rise next week?

Firstly, this week's A-shares indeed rebounded as expected at the 0.382 Fibonacci support level of 2839.39, with two consecutive days of relatively moderate trading volume of 590 billion, which means that there are funds bottom-fishing, so a rebound from an oversold condition is expected.

Secondly, from a technical perspective, the A-shares have formed 5 MACD bottom divergences after falling from 3174 to adjust at 2839.39. Yesterday, the MACD golden cross occurred, and today the red column continued to expand. Today was a narrow fluctuation around the 10-day and 20-day moving averages. Next week is expected to continue the trend of a rebound, and it is likely to recover the 2900 point mark, so it can still rise next week.Finally, from the perspective of the weighted sectors, the securities sector, the automobile manufacturing sector, and the real estate sector did not exert any force today. In particular, the securities sector is still supported by the 20-day moving average and the 60-day moving average. As long as it continues to rebound slightly next week, it could help propel the A-share market to continue its fluctuating rebound.

As for the A-share index, that's about it, there's no other way. Therefore, for skilled investors, the best approach is to focus on trading short-term in strong individual stocks.