The market was relatively friendly over the two trading days after the holiday, with individual stocks generally rising and clear profit-taking effects. Major indices (including CSI 2000) all broke through short-term moving averages. However, the market has already shown overbought conditions in ultra-short intraday charts, and it felt like the market couldn’t go higher in the afternoon. Currently, I lack strong stock-picking ability and will reduce chasing high.
Regarding individual stocks, I sold all my positions in Yuguang Goldx as planned, mainly due to insufficient volume and the difficulty of challenging the resistance of the阴线 on 2.3 and 4.4. I will wait for a pullback and then re-enter when the opportunity arises. On 9.16, I reduced my holdings in Luxiao Kex, based on my familiarity with this stock’s nature: weak stock personality, lack of sustainability, and limited capital operation pattern. I don’t recommend heavy positions in this stock; holding long-term will make the characteristics clearer. Additionally, I cut more than half of my holdings in Fale X at the涨停 position, as the afternoon breakout was a clear sign of funds exiting. I locked in most profits and kept a small part to handle possible misjudgments.
Regarding Longda, the real resistance is around 4.3-4.4. Only continuous high-volume trading can confirm a trend reversal; otherwise, the market will continue to oscillate in the 4-4.4 range. I will keep observing. No other stocks are actioned for now.
Having just joined the new platform on TaoGuba, I didn’t expect so many old friends to stay with me all along. I truly appreciate the trust and companionship. I will remember this support in my heart. Thank you all for your support. Moving forward together, I will do my best to keep everyone steady and seize opportunities.
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Don't chase highs, maintain the rhythm
The market was relatively friendly over the two trading days after the holiday, with individual stocks generally rising and clear profit-taking effects. Major indices (including CSI 2000) all broke through short-term moving averages. However, the market has already shown overbought conditions in ultra-short intraday charts, and it felt like the market couldn’t go higher in the afternoon. Currently, I lack strong stock-picking ability and will reduce chasing high.
Regarding individual stocks, I sold all my positions in Yuguang Goldx as planned, mainly due to insufficient volume and the difficulty of challenging the resistance of the阴线 on 2.3 and 4.4. I will wait for a pullback and then re-enter when the opportunity arises. On 9.16, I reduced my holdings in Luxiao Kex, based on my familiarity with this stock’s nature: weak stock personality, lack of sustainability, and limited capital operation pattern. I don’t recommend heavy positions in this stock; holding long-term will make the characteristics clearer. Additionally, I cut more than half of my holdings in Fale X at the涨停 position, as the afternoon breakout was a clear sign of funds exiting. I locked in most profits and kept a small part to handle possible misjudgments.
Regarding Longda, the real resistance is around 4.3-4.4. Only continuous high-volume trading can confirm a trend reversal; otherwise, the market will continue to oscillate in the 4-4.4 range. I will keep observing. No other stocks are actioned for now.
Having just joined the new platform on TaoGuba, I didn’t expect so many old friends to stay with me all along. I truly appreciate the trust and companionship. I will remember this support in my heart. Thank you all for your support. Moving forward together, I will do my best to keep everyone steady and seize opportunities.