Popular Stock - Qianfu Rises Above Moving Averages with Support from Both Foreign and Proprietary Traders

Reported about 1 year ago

Qianfu (8383) saw fluctuations on July 4th as foreign and proprietary traders provided support, reaching a high of 48.45 yuan before closing at 47.4 yuan, up 6.28% with 7,645 shares traded and successfully surpassing various moving averages. Foreign investors made a second consecutive purchase, while proprietary traders sold on the 4th, creating a dynamic where both parties were involved. The three major institutions held a combined stake of 13.93%, with foreign investors holding 13.48%. Despite the KD indicator showing a crossover in the high zone, with slightly more buying orders than selling orders, if the main players continue to favor buying, it may benefit the stock's performance this week.

Source: YAHOO

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