Hexun Investment Advisor Zhang Ning: The ChiNext Breaks Through All Moving Averages, Is the Profit-Making Effect Coming?

The index directly broke through all moving averages, and the profit-taking effect has fully returned. Today, the index opened high and continued to rise, with the ChiNext Board directly surpassing all moving averages. The 60-day moving average of the Shanghai Composite and the 120-day moving average of the ChiNext are strong support levels. Most importantly, micro-cap stocks and the CSI 2000 have fully exploded, small-cap stocks are actively trading across the board, and short-term profit-taking has reached its peak. The only minor flaw is that trading volume has slightly contracted, but don’t worry—yesterday’s panic selling was mostly cleared out by the morning, and today’s volume is fully adequate. As long as there is a gentle increase in volume later, the correction cycle may lag behind the volume, leading to sector rotation. Focus on low-buying and avoid chasing gains.

Overseas chain computing power and semiconductor movements are active; short-term low buy and high sell. Keep an eye on these three sectors: first, overseas chain computing power and semiconductor movements—short-term low buy and high sell; second, domestic computing power combined with electricity—continue to track the strong synergy; third, new energy photovoltaic expansion, active military industry, commercial aerospace—prepare for rotation rebounds.

In response, maintain a cautious position, patiently hold mid- and low-priced stocks; for aggressive traders, focus on opportunities to low buy in new energy, technology, and military sectors.