Reported 8 months ago
Streaming and communication stocks like Jianhan (3062) and Xunzhou (3078) surged today, with both hitting the daily limit up. Analysts suggest that after large-cap stocks rest, funds flow towards low-base small and medium-sized stocks. For trading, using the daily low point as a short-term trading reference point can be beneficial. Jianhan and Xunzhou have been strong performers recently, showing a positive sector rotation trend. Jianhan opened at 31 yuan, quickly hitting the limit up at 34.1 yuan, marking its second consecutive day of limit up. Xunzhou opened at 25.65 yuan, briefly consolidating near the flat line before rising and hitting the limit up at 27.80 yuan. Analysts recommend observing the daily low points for trading decisions, such as 25 yuan for Xunzhou, to gauge short-term bullish trends and to be cautious if the price drops below that level. Despite the current good volume and price structure, investors are advised not to be overly anxious.
Source: YAHOO