The consecutive board rebounds are warming up, and funds are actively working.

Deep review before the main analysis, routine summary of today’s observations;

Watch for Hanlan Co., Ltd. during the opening sharp decline;

Pay attention to Yun Tianhua during the intraday pullback;

Follow-up focus on Bona Film and Huanrui Century during the rebound;

Recently, there have been some matters to handle, so intraday observation was affected, and I didn’t watch much during the session. Fortunately, the ultra-short mainly occurred at the opening stage, and there were no major issues.

Just a few simple words, next week should return to normal.

Deep Dive: Market Sentiment Review
$1
February 25, 2026 (Wednesday)

Conclusion: Short-term sentiment has strongly recovered after hitting a bottom, with the consecutive board teams significantly warming up. Funds have completed the “high-low switch” from high-level AI applications to low-level cyclicals, establishing a new logic of “abandoning虚虚务实” (virtual for practical).

1. Core Data and Sentiment Diagnosis
   The Shanghai Composite Index closed at 4147.23 points, up 29.82 points, a 0.72% increase. Market turnover expanded to 2.46 trillion yuan, showing volume-driven oscillation.
   Number of advancing stocks: 3540; non-ST limit-ups: 75; limit-downs: only 3, indicating diminishing loss effects.

Consecutive boards are warming up, from 7 yesterday to 18 today. Yesterday’s consecutive boards averaged a 4.66% increase today, with a clear return of profit-taking effects. The rate of breakage of limit-up stocks: 31.82%, indicating willingness to hold the板 (limit-up stocks), but more breakages occurred in the afternoon, showing high-level divergence persists.

2. Consecutive Board Teams and Sector Dynamics
   The consecutive board teams are fully recovering, expanding to 5 boards (Yuneng Holdings), 4 boards (Hanlan Co.), and 3 boards (Fasheng, Roman Shares), with smooth connections. The 2-board camp has grown to 12 stocks, forming a healthy梯队 (tiered) structure. Funds are abandoning high-level AI applications and fully returning to low-level cyclicals.

The phosphorus chemical sector surged due to the US including elemental phosphorus as a key strategic material, triggering limit-up waves. Jinzhengda led with 3 limit-ups in 5 days.
Cyclic small metals, chips, and AI hardware (MLCC price hikes) are also active, forming a multi-point recovery scene.

3. Focus Stocks and Fund Behavior
   The龙虎榜 (Dragon and Tiger list) shows retail and institutional funds jointly favoring leading cyclicals, with Yuneng Holdings’ 5-board leading the market, indicating strong fund relay willingness.

ReadTech continued to hit the limit-down, confirming cautious capital behavior at high levels in AI applications. Funds are shifting from “pure theme” speculation to “performance/price increase supported” logic, significantly reducing risk appetite and preferring low-priced stocks with fundamentals for rebound.

4. Sentiment Cycle and Future Strategy
   Currently, the market is in the early recovery stage after a tide retreat. The risk points include further correction of high-level stocks (like ReadTech), while opportunities lie in the recovery of low-level cyclicals (chemical, chips, non-ferrous metals).

In operation, follow the “abandon虚虚 for实务” (virtual for practical) logic, focus on low-level rebound opportunities in cyclicals, pay attention to core relay stocks, strictly control positions, buy low and avoid chasing highs, and wait for sustained market volume to continue.

Tomorrow’s core strategy: Focus on cyclicals, watch for low-level rebounds and relay of stocks below the third board.

Together with Shark Brother,
Ride the waves in the A-shares market!

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【Important Notice】: The above is only a sharing of ideas and does not constitute investment advice. The market carries risks; invest cautiously!