Hexun Investment Advisor Zhao Bingyi: The ChiNext Index is at a relatively low point on the daily chart; a rebound is not surprising.

On April 8, Hexun Investment Consulting analyst Zhao Bingyi said that yesterday, he mentioned that if going long, you need to pay attention to when the ChiNext Index’s daily KDJ reaches its target and when to end the position. He also pointed out that the ChiNext Index’s daily KDJ is at a relatively low level; it is not surprising to see a rebound, but the overall level has still not yet reached the target.

Today, the market broadly rebounded, and there were only a handful of green-board stocks. If you make decisions only by tracking market fluctuations, it’s easy to fall into the trap of chasing up and selling off. At present, the Shanghai Composite Index’s daily KDJ has not yet touched 100, so there is still room for further upside. In addition, the Shanghai Composite Index reflects the performance of individual stocks more than it reflects itself, which means individual stocks may still have upside potential.

After the ChiNext Index reached a low point with the daily KDJ below 0, it launched an oversold rebound, and the rebound strength was relatively large. This matches the characteristic of this sector with large up-and-down percentage moves under high concentration of control. However, its weekly chart has not yet formed a relatively low point, so the sector may still break down in the later stage, and investors need to stay alert.

Next, regarding the software and services sector: today’s rebound magnitude reached 5.54%, and after dropping for several days, it recovered lost ground within a single day. If individual stocks have not recovered, you may consider switching to ETFs. The sector’s daily and weekly charts are both in sync at relatively low levels, so the rebound target can be set at the point where the weekly KDJ value is greater than 100. For the short term, you need to wait until a high on the daily chart appears before making a judgment. You can also watch the 60-week line position for the software and services sector, as this is a zone with heavier pressure. Similar to the Shanghai Composite Index: yesterday, it was mentioned that the 30-week line of the Shanghai Composite Index is the target level, and today it has already been touched. In the afternoon, you need to focus on whether, with the 60-minute chart being at a relatively high level, the market will continue moving up in divergence or pull back—this depends on how today’s Shanghai Composite intraday tick chart behaves. At present, the morning intraday chart has not pulled back to the key level; in the afternoon, you should continue to monitor.

(责任编辑：崔晨 HX015)

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