Wait until the funding flow is clear or a divergence ice point is reached before taking action! (Review as of 2026.03.11)

Data Review: [Taogu Ba]
Today, the Shanghai Composite Index +0.25%, the ChiNext Index +1.31%, the STAR Market 50 Index -1.37%, total market turnover 2,508.3 billion yuan, 2,060 stocks rose, 3,284 stocks fell, the total market volume increased by 1,104 billion yuan compared to yesterday.

Overall Market Sentiment: Rotation Chaos
Number of limit-up stocks: 53 (yesterday: 55)
Number of 20-cent limit-up stocks: 3 (yesterday: 6)
Number of consecutive limit-up stocks: 10 (yesterday: 6)
Number of limit-down stocks: 2 (yesterday: 4)
Today’s break rate: 25.3% (yesterday: 28.5%)
Today’s first-limit success rate: 16.3% (yesterday: 12.1%)

Today’s Major Market Stocks
HuanYu CNC -14, Machine tools/Robotics
Before 9:45 AM, whether major market stocks can quickly recover the previous day’s decline is an auxiliary signal for sector recovery.

Today’s High-Volume Surprising Stocks in Bidding
ShunNa Co., ZhangYuan Tungsten

Global Continuous Limit-Up Stocks Summary:
4-limit: Ningbo Construction (OpenClaw, computing power)
3-limit: Zhongnan Culture (equity acquisition)
2-limit: Reiskonda (optical communication, computing power synergy), Dixin Communications (computing power synergy, chips), Xianglong Electric (computing power synergy), HuanDian Energy (computing power synergy), Huanghe Xuanfeng (diamond cooling), Yasheng Group (planting, tungsten ore), GuoAn Shares (AI security), Green Power (computing power synergy)

I. Sentiment Cycle and Key Node Analysis:
Limit-up stocks remain in the low position range, increasing in consecutive limit-up stocks in the low position range, break rate remains stable, limit-down stocks stable in the low position range, total limit-up transaction amount/market total ratio at 0.28, in the low range. Comparing data with yesterday shows no obvious change, indicating that ultra-short sentiment remains relatively weak, and limit-up distribution across different sectors suggests a chaotic rotation phase.
Sentiment temperature: Weak, around 30.

Tomorrow’s Short-Term Market Anchor Stocks:
YuNeng Holdings, LingWei Technology, Yasheng Group
Before 9:45 AM, the positive/negative feedback and extreme sentiment anchoring of these stocks serve as market sentiment indicators.

Recent Strong Sectors, Top Sector of the Day, and Notable Stocks:

II. Capital Flow Analysis:

Loss Effect -
Sector distribution includes military industry, chips, metals, AI applications, reflecting divergence under negative sentiment after sector corrections.
Position and structure: mid-to-high level structures, represented by LianTe Technology, JinHaiTong, etc.

Profit Effect -
Sector distribution includes chemicals, AI electricity, optical communication, photovoltaic energy storage, lithium batteries, indicating chaotic sector rotation.
Position and structure: trend-based, represented by HuaGong Technology, JinNiu Chemical, China Energy Construction, Baofeng Energy.

Capital Flow Summary -
Recently, AI electricity sectors with high capital involvement show signs of capital withdrawal and buying exhaustion, while capital rotates among chemicals, computing power, photovoltaic energy storage, etc., with diversified allocations. High-position stocks like YuNeng Holdings and LingWei Technology show no dip, while low-position China Energy Construction is strengthening. The mismatch and dislocation between these lead to disorderly and random capital flows, making it difficult to determine capital preferences at this stage. Further observation is needed.

III. Sector Analysis:
Today, sectors or concepts showing a benign trend structure include: AIDC / Power Grid / Electricity / Chemicals / Optical Communication / Optical Fiber / Photovoltaic Equipment / Inverters.
These sectors or concepts represent recent profit effects and have high recent capital involvement, serving as reference directions for ultra-short stock selection.

Chemicals -
In the third phase of the trend cycle.
First phase led by Hongbaoli, Runtu Shares, Baichuan Shares, alternating leadership.
Second phase led by Yuntianhua, Jinjingda, etc.
Third phase led by Jinniu Chemicals, with follow-up stocks.

Today’s chemical sector limit-ups also include multiple concepts, such as Shuangxin Materials, China Salt Chemical, Jinpuh Titanium (new energy battery raw materials, with Ningde Times exceeding expectations and soaring), as well as Jinniu Chemical and Baofeng Energy representing geopolitical methanol, along with soda ash, amino acids, and other concepts following the trend. Previously leading phospho-chemical stocks like Jinjingda, Liuguo Chemical, Yuntianhua did not show significant feedback, indicating today’s rise is more sentiment-driven rotation.

This wave’s chemical sector is mainly led by Jinniu Chemical, reflecting recent geopolitical supply-demand tightening expectations.

In summary, the overall chemical cycle remains upward, but with unconventional sharp rises and falls, showing a volatile oscillation trend. Major dips are counterintuitive and should be approached with long-term capacity stocks and patience; otherwise, it’s unlikely to form a main upward trend.

AI Electricity (Power Grid, Computing Power Synergy) -
In the second phase of the trend cycle.
First phase led by China Xidian, followed by Sanyou Technology, Baobian Electric.
Second phase led by China Xidian and Dongfang Electric, followed by Baobian Electric, TBEA.
Third phase led by China Energy Construction, followed by Southern Power Grid Digital, GCL New Energy.

Limit-up stocks: ShunNa Co., today’s bidding shows weak-to-strong signals, but the capital pressure from yesterday’s entry is too high for an upward attack at non-sentiment turning points. After consolidation and sector signals, further divergence likely leads to deep correction.

Core of the current trend: HanLan Co., China Xidian, Dongfang Electric, Guodian South, some already broke structure, indicating a divergence from the new trend, lowering expectations and possibly entering deep correction.
Current core: China Energy Construction, GCL New Energy, Southern Power Grid Digital, temporarily diverging from the previous core, with potential for phase profit.

Transformer trend: Yigaoer, Jinpan Technology, Wangbian Electric, Sifang Co., Siyuan Electric, China Xidian, TBEA, uncertain short-term expectations, medium-long term logic.

Gas Turbine trend: LianDe Co., Changbao Co., Jereh Co., Wanze Co., Yingliu Co., Weichai Power, Dongfang Electric, uncertain short-term expectations, medium-long term logic.

Today’s AI Power Market Path:
During bidding, ShunNa Co., which hit the limit-up yesterday, opened high with excess expectations; China Energy Construction also opened high with slight excess; China Xidian and TBEA opened flat, with no issues overall, some funds aiming for recovery.

After opening, China Xidian, TBEA, Guodian South weakened, ShunNa Co. opened high and oscillated lower. Caution is needed as the previous day’s rapid acceleration and breakage of limit-up stocks may signal weak recovery. Watch for fund absorption.

Subsequently, after some divergence, funds flowed back into some stocks, with China Energy Construction leading the rally to limit-up, followed by GCL New Energy and GCL New Energy, with some elastic stocks like Southern Power Grid Digital and Pano Tech oscillating higher. Notably, China Xidian and TBEA did not follow, indicating a beginning of decoupling in transformer and computing power concepts.

Mid-session, as China Xidian, TBEA, and Dongfang Electric weaken further, related to gas turbines and transformer concepts, structures break down.

In summary, today’s oscillating rotation market, with no other sectors competing for capital, shows that AI electricity remains a hot topic without underperformance, and some capital is still engaged around computing power concepts, leaving some sparks.

Tomorrow, if computing power and transformer concepts further decouple and strengthen or sectors recover, the expectation of further divergence in computing power may end. Key focus: whether China Energy Construction and GCL New Energy continue to strengthen and decouple, or whether China Xidian and TBEA follow to recover, anchoring expectations. If neither occurs, expect further capital cash-out.

Artificial Intelligence (Computing Power, Chips) -
In the 13th phase of the trend cycle.
First phase led by Haili Co., Chunzhong Tech, with Zhangjiang Hi-Tech following.
Second phase led by Haili Co., Dongxin Co., with Zhangjiang Hi-Tech following.
Third phase led by Chunzhong Tech, Huasheng Tiancheng, Yingweike, with Feilong Co. following.
Fourth phase led by Huasheng Tiancheng, with smaller stocks following.
Fifth phase led by Cambrian, Haiguang Info, with others following.
Sixth phase led by Huasheng Tiancheng, with others following.
Seventh phase: no core leader, partial rotation.
Eighth phase led by Industrial Fuli, Shenghong Tech, with others following.
Ninth phase: no core leader, various branches alternate upward.
Tenth phase led by Demingli, Shuangnong Chip, Jiangbolong, Zhongji Xuchuang, Shenghong Tech, with others following.
Eleventh phase led by Blue Cursor, 360 Security, Visual China, etc.
Twelfth phase: alternating rotation and testing.
Thirteenth phase led by Tongfu Microelectronics, Haiguang Info, with others following.
Fourteenth phase led by Changfei Fiber, Hengtong Optoelectronics, Hangdian Co., etc.

Huawei Ascend trend core stocks: TuoWei Info, Huasheng Tiancheng, Huafeng Tech, Taijia Co., Shenling Environment, Yihua Co., with sector index structures breaking, some trend breaks, entering consolidation phase with short-term uncertainty.
Electronics Second Generation trend core stocks: Guoji Fucai, Honghe Tech, China Geostone, with funds temporarily cashing out, short-term uncertainty, medium-long term logic.
Q-Board trend core stocks: Feilihua, Pingan Electric, Zhongcai Tech, Dongcai Tech, in correction, short-term uncertainty, medium-long term logic.
Copper Foil trend core stocks: Copper Crown Copper Foil, Longyang Electronics, Fude Tech, following after rebound into correction, short-term uncertainty, medium-long term logic.
PCB Drilling Trend core stocks: DingTai High-Tech, Zhongwu High-Tech, Dazhan CNC, short-term uncertainty, medium-long term logic.
PCB Board Factory trend core stocks: Hudian Co., Shennan Circuit, Shenghong Tech, Shengyi Tech, with funds temporarily cashing out, short-term uncertainty, medium-long term logic.
Optical Fiber trend core stocks: Changfei Fiber, Hengtong Optoelectronics, Hangdian Co., Zhongtian Tech, re-approaching trend line, maintaining oscillating upward trend, based on trend line judgment.
CPO/Optical Communication trend core stocks: Huagong Tech, Mingyang Circuit, Dongshan Precision, LianTe Tech, Huilv Eco, Guangxun Tech, with localized upward trends anchoring trend structure expectations.
Storage Chip trend core stocks: GigaDevice, Jiangbolong, Shuangnong Chip, Demingli, Baiwei Storage, with performance gradually releasing, likely to trend upward in waves, medium-long term logic.
Domestic Semiconductor Front-End trend: North China Huachuang, Jiangfeng Electronics, Fuchuang Precision, Dinglong Co., ChipSource Micro, GreenDa, Jingce Electronics, as front-end (wafer manufacturing) related concepts (lithography, development, coating, etching, inspection), short-term uncertainty, medium-long term logic.
Domestic Semiconductor Back-End trend: Changchuan Tech, Changdian Tech, Tongfu Microelectronics, Jingzhida, JinHaiTong, SiDian Co., HeLin MicroN, Polymer Materials, as back-end (packaging and testing) related concepts, short-term uncertainty, medium-long term logic.

Today’s Tech Sector Market Path:
During bidding, Reiskonda (optical module + computing power synergy) hit the limit-up with a single board; core stocks Guangxun Tech, Changfei Fiber, Huilv Eco opened high; even yesterday’s break stocks like Tongding Interconnection opened slightly above expectations, showing strong rebound potential.

Post-opening, Changfei Fiber quickly hit the limit-up, Hengtong Optoelectronics, Guangxun Tech gained strength, while liquid cooling stocks followed, with Feilong Co. and Daxing Pump rapidly hitting the limit-up. Notably, the leading stocks during the previous day’s rebound were Guangxun Tech, Dongshan Precision, Tianfu Communication, representing optical modules/CPO, but the strongest at open shifted to optical fiber concepts.

Thus, although the tech sector appeared strong at open, it was mainly internal rotation and switching. Recall that the overall tech sector is a rebound from oversold conditions, so even if prices surge, it’s a short-term bounce; further correction is highly likely. The subsequent market behavior aligned with expectations, with most surges pulling back.

Today’s optical fiber sector maintained strength due to pre-market news of continued price increases, and liquid cooling strength was driven by capital speculation on Nvidia GTC expectations, especially in liquid cooling, PCB (M9/PTFE), LPU+Feynman, which are pre-positioned by funds. Additionally, some tech stocks like Huagong Tech, Huilv Eco, TuoWei Info, Huasheng Tiancheng showed partial independent trends.

In summary, today’s tech sector is a rebound after oversold correction, with some funds pre-positioning for Nvidia GTC expectations. Beyond GTC and domestic computing power, sector rotation is expected to continue in the short term, with further oscillations.

IV. Index and Market Outlook:

As shown, today’s main index shows a small positive candle with oscillation. The index’s rise relies mainly on the Shanghai and Shenzhen 300 weights. Yesterday’s review indicated that after two lower shadows, the index had strong support, with no major risk of decline. Future market behavior could follow two scenarios: 1. Bullish scenario (red arrow): sustained volume breakout leading to upward trend, with sectoral profit effects emerging; 2. Sideways scenario (blue arrow): volume remains low, with structural rotation within a range.
The positive signal today is that volume did not shrink significantly, leaning towards an upward oscillation, but further observation of volume and resonance signals is needed.

Pre-market Outlook for Tomorrow:
After today’s rebound, liquidity is released, but funds are not flowing back into high-involvement sectors like AI electricity or domestic computing power, indicating low short-term bullish sentiment. Therefore, tomorrow’s market may oscillate within a range or continue upward with uncertainty.
Many sectors are available for rotation, including AI electricity, domestic computing power, geopolitical factors, and news-driven themes, making the market highly unpredictable. The best approach is to wait for a volume-dip or clear directional signal before entering, with a focus on observing and timing.

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