Chapter 585: Rush the price limit

Wang Minghui said with palpitations: "What if the market rises by 5% today and plummets by 6% tomorrow? It is not that such a situation has not happened before. If you look here, the market rose 7.63% on August 20, and the index closed at 2523 points, which is also a long white candlestick with a bald head and bare feet. However, three days later, it fell back to 2323 points, which is almost the same as the lowest point of the long white candlestick on August 20, and the 7.63% rise on that day was zeroed out four days later. And here, on September 19, the market jumped high and then rose 9.49%, and the next trading day, on September 22, it rose 7.7%, and the closing point was 2236 points, which actually rose 340 points in two trading days, which is even greater. But what's the use of such a rise? Didn't the broader market index fall back to 1,664 points at the end of October? If you want to talk about the magnitude of the rise, these two increases are even greater than today's increase, and it stands to reason that the good news of these two rises is enough to be bullish, and each time it is a sharp cut in interest rates, but if you look at it, the next fall is even lower than before the rise. ”

Wang Minghui thought that Li Xin would have nothing to say after seeing the examples he had given, but he didn't expect Li Xin to say disapprerovingly: "This time is different from the past, and now the situation has changed." ”

Wang Minghui asked, "Is there any difference?"

Li Xin said: "Do you remember what we discussed last time we chatted here?"

"Do you mean the point is close to the bottom?"

"Yes, that's pretty much what it means. At that time, I told you that the market fell to this position, considering the cumulative effect of several consecutive interest rate cuts, it is already a high probability event that will rise in the future, but it is difficult to determine when the time point of the rise will be. Because the stock market has been falling for a year, a major event of sufficient weight is needed to completely reverse this decline. Now the big event is coming, and it's the trillion-dollar infrastructure plan announced on Friday night. The role of such a huge construction plan in stimulating the entire economy is unprecedented. In this case, it would be strange if the stock market did not rise!"

"So there is hope for my stock to be unbundled?" Wang Minghui's eyes lit up.

"The stocks you bought in March are too deep, and it's not necessarily whether you can untie them. But it's definitely more cost-effective to leave it for a few months and sell it before cutting the meat now. ”

Li Xin was chatting with them, but his eyes were glued to the time-sharing trend chart of Jingxi Coal Industry on the screen.

After 13:30, the stock price of Jingxi Coal, which has been trading sideways, began to gradually decline.

At 13:37, the price gradually dropped to 7.75 yuan, the timeline paused at this position, and at 13:42 5 minutes later, the price continued to fall to 7.70 yuan. Although such a decline is only a few cents, it is a drop in the bucket compared with the price fluctuations of futures copper held by Li Xin in the futures market not long ago, but the trend of the stock price getting lower and lower still makes Li Xin feel very uncomfortable. You must know that the number of shares he holds in Jingxi Coal is 50 million shares, and for every penny drop on the time-sharing chart, the market value in his account is 500,000 yuan less.

The white time-sharing curve on the computer screen seemed to be against Li Xin, and the more unhappy Li Xin was, the more the time-sharing line had to go down, and the downward rate was getting faster and faster.

At 13:44, the tick line continued to fall to $7.67.

After the opening of the market this morning, Jingxi Coal's share price quickly rose to a high of 7.85 yuan and then there was a pullback, and the lowest point of the pullback was 7.65 yuan. And now the price of 7.67 yuan is almost on the same level as the low point of 7.65 yuan in the morning, forming a pattern similar to a double bottom. At this time, the stock has risen by 5.21%.

Li Xin thought to herself: Although this is only a double bottom pattern on the tick line, it is not the same as the double bottom pattern on the daily candlestick chart, and its support is quite limited. But this is also a double-bottom pattern, I hope this pattern has some support at 7.65 yuan. If it can't hold it here, I'm afraid it will continue to fall, and the increase may be much smaller at the end of the day than it is now.

Just when Li Xin was worried that the price would fall below the key position of 7.65 yuan, it had been trading sideways since 10:15 a.m., and the tick chart, which was now gradually getting lower and lower, suddenly reversed.

At 13:46, the price was suddenly pulled up from 7.67 yuan, and at 13:52, the price had risen to 7.82 yuan.

After that, the price fluctuated back and forth for seven or eight minutes, and at 14:04, the price was pulled up from 7.80 yuan to 7.88 yuan.

The price rose from 7.67 yuan to 7.88 yuan in more than 10 minutes, although the room for growth was only 0.21 yuan, but for Li Xin, the position of 50 million shares, the rise of 0.21 yuan, the market value of his account increased by 10.5 million yuan.

More than 10 minutes ago, he was still thinking that if he entered the market to buy the shares of Jingxi Coal Industry on the first day today, he might have a floating loss of two or three million yuan by the time he closed. If that's the case, hopefully it's not a bad sign.

But in the blink of an eye, he already had millions of dollars in profit in his account.

This is not the most important thing, the most important thing is that the price was quickly pulled up from around the low of 7.65 yuan, and it hit a new intraday high, which allowed Li Xin to see the long-awaited power of longing. He believes that such a high-quality stock will not only notice himself, but the funds bought on dips only have very obvious traces of intervention in just over half an hour after the opening, and the rest of the time is a time-sharing chart that fluctuates and hovers, going lower and lower, until the past 10 minutes or so, there are obvious signs of longs again.

This wave of buying completely reversed the lower and lower price trend, and also drove a lot of money on the sidelines.

After hitting a new high of $7.88, there was a brief pullback, and at 14:12, the price pulled back to around $7.85.

At this moment, another wave of funds began to buy, and just 10 minutes later, the price was pulled up from 7.85 yuan to 7.95 yuan, and the increase at this time has reached 9.05%.

From 13:46 the price was pulled up from 7.67 yuan, the price came out of three waves of rise in just over half an hour, each wave of rise after a slight pullback, followed by a wave of greater rise, the bottom and top of the three consecutive rises are gradually raised, showing that there are main funds in the continuous purchase of this stock.

This trend is very obvious that there are a large number of investors in the market who are staring at this stock closely, and gradually buy it after seeing it fall below the low point of 7.65 yuan, and this kind of buying has formed a virtuous circle, giving a good demonstration to the funds that are still waiting, leading them to enter the market one after another.

"This stock may have to hit the price limit today!" Li Xin said.

"Which one?" asked Wang Minghui, poking his head out.

"It's Jingxi Coal Industry that I bought, and now it has risen by more than 9%. ”

Wang Minghui looked at the time-sharing chart on the computer screen and said, "Wow, this trend is very strong, at what price did you buy it?"

"About 7.76 yuan. ”

"Then you're already profitable. ”

"yes. Li Xin said happily.

While speaking, the share price of Jingxi Coal Industry rushed to 7.95 yuan and then stopped for a while, and at 10:24 two or three minutes later, the stock price retraced to 7.91 yuan. As Li Xin estimated, the very good investment value of this stock has attracted the attention of many investors, especially in the context of the blockbuster news on Friday, this stock has just come out of three consecutive waves of higher upward trend. This makes the funds that are still waiting to see that they will hesitate again, and they will no longer be able to buy this stock when the price rushes to the price limit, so the price of this stock only fluctuated back and forth around 7.91 yuan for three minutes, at 14:28, the funds that rushed into the market to grab chips quickly pulled up the price of this stock from 7.92 yuan, and at 14:30 two minutes later, the price rushed to 8:02 yuan, and it was sealed on the price limit. At this time, there were more than 48 million shares piled up on the buy order of 8.02 yuan.

Li Xin was so happy that he shouted: "I just said that this stock is going to hit the price limit today!" Because he has studied the investment value of this company very carefully, Li Xin knows that this stock is like a night pearl, and its dazzling brilliance will be discovered sooner or later. This scene in front of us indicates that there are still many investors who will continue to chase this stock in the future, and it is only a matter of time before the stock price soars in the future.

Because he has been trapped for a long time, Wang Minghui's confidence in the stock market has been extremely low.

When Li Xin said that the large-scale infrastructure plan announced last Friday would greatly boost the stock market, he was still a little skeptical. But now that he saw that the stock Li Xin bought today said that the limit would be up, he couldn't help but carefully weigh what Li Xin said just now in his heart.

The current situation is that in addition to the stock that Li Xin bought, many stocks also pulled the limit at the end of the session, and the market index closed at 1874 points, up 7.21%.

Judging from the market index, after today's gap opened, it went all the way up, closing out a bald and barefoot long white line, and today's closing point broke through the suppression of the 20-day moving average in one fell swoop, nearly 43 points higher than the 20 moving average of 1831 points, and the overall upward breakthrough trend is very obvious. This made Wang Minghui have a glimmer of hope in his heart.