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■ Ying Jianzhong
Observing the daily K-line of the SSE Index, it is clear that this week its 60-day moving average is at 4056 points. If the bullish main force effectively keeps the 60-day moving average as a &#34;floor,&#34; it means that within a year, both the medium and short-term moving averages are beneath it, and the next challenge will be this year's highest point of 4197 points. Such a market pattern also indicates that the upward space for this year will continue to open up.
This week, the A-share market steadily rose. Among them, the SSE Index once again jumped above the psychological barrier of 4000 points, the ChiNext Index in the Shenzhen market continued to strengthen, showing a tendency to challenge its historical highest point, and the Science and Technology Innovation Index is making rapid progress, just a step away from its historical peak. The daily trading volume of the A-share market remains around 2.3 trillion yuan, and this combination of volume and price makes the spring market appear to be on the verge of blooming.
Of course, whether the SSE Index can hold the psychological barrier of 4000 points still requires technical support levels for consolidation. At the close of this week, the half-year line of the SSE Index happened to reach 4000 points, establishing a defensive position for the bullish main force. Although the half-year line formed a &#34;ceiling&#34; during the market's previous pullback, it has now transformed into a &#34;floor.&#34; The significance of this defensive position is that 4000 points is expected to become the starting point for the spring market, which is very promising.
Observing the daily K-line of the SSE Index, it is clear that this week its 60-day moving average is at 4056 points. At this point, both bulls and bears will have a contest. If the bullish main force can effectively keep the 60-day moving average as a &#34;floor,&#34; it means that within a year, both the medium and short-term moving averages are beneath it, and the next challenge will be this year's highest point of 4197 points. Such a market pattern also indicates that the upward space for this year will continue to open up.
In addition to the SSE Index, the most active index at present is undoubtedly the ChiNext Index. This Thursday, the ChiNext Index jumped above 3600 points, with its historical highest point being 4037 points, currently about 10% away from it. I believe it will reach this high point in the near future.
Another index worth paying attention to is the Science and Technology Innovation Index. Currently, the point level of the Science and Technology Innovation Index is more than 400 points higher than that of the Science and Technology 50 Index. The historical high point of the Science and Technology Innovation Index is 1908 points, and after this week's close, it is less than 100 points away from this level. Perhaps within this month, the Science and Technology Innovation Index will set a new historical high. However, these two indices of the Science and Technology Board have only been established for a little over 6 years, making it difficult to compare with the SSE Index and the Shenzhen Component Index, which have been established for 36 years. Nevertheless, having an index from a sector that stands out in the current market is also a good speculation topic.
This week, a market topic worth noting is that the Shanghai, Shenzhen, and Beijing stock exchanges have respectively introduced new trading rules, adjusting aspects such as trading hours and the price limits for certain varieties. The introduction of these new rules is conducive to activating the market, unifying standards, and providing a huge stage for the securities market to support economic development. Of course, under these new rules, investors need to adapt to the new regulations, study new issues, and find investment profit models that suit themselves
In fact, the primary market is also worth paying attention to. Under the principle of inclusiveness, the primary market has relaxed regulations for companies planning to go public, gradually shifting the review criteria from focusing on profits to valuing potential. This has opened a green channel for unprofitable high-tech companies and those with promising industrial development prospects. In other words, loss-making enterprises marked with &#34;U&#34; will see moderate expansion. Previously, unprofitable companies were only listed on the Science and Technology Innovation Board, which established a growth tier marked with &#34;U.&#34; Next, the ChiNext will also pilot this, and even the Beijing Stock Exchange is starting to take action. The original IPO pricing mechanism of the Beijing Stock Exchange controlled the price-to-earnings ratio of new stock issuances within 15%. Next Monday, the Beijing Stock Exchange will restart the inquiry issuance for Zhongke Instrument, and the intention is clear: to raise the issuance price. This series of new measures is worth investors' attention and research.
For the securities market to have a good financing environment, it requires a steadily rising market and strong market sentiment. Only in this way can the securities market serve the real economy and the development of new productive forces. Therefore, the author believes that a market starting from 4000 points on the SSE Index is an ideal market.
Editor | Lin Xiran
Reviewer | Yuan Gang

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Ying Jianzhong pointed out that the SSE Index has steadily risen this week, breaking through the psychological barrier of 4,000 points, with the 60-day moving average at 4,056 points. If the bullish main force provides effective support, it will challenge this year's highest point of 4,197 points. The ChiNext and the SSE Science and Technology Innovation Board Composite Index also performed strongly, approaching historical highs. The market turnover remains at 2.3 trillion yuan, and a spring rally is expected to unfold. The 4,000 points will become the starting point for the spring rally, which is worth looking forward to

腾讯新闻 - 财经

SSE Index

ChiNext

CSI 300

E Fund GEM ETF

Penghua SSE Science and Technology Innovation Board Composite ETF

ChinaAMC CSI 300 ETF

E Fund SSE Science and Technology Innovation Board Composite ETF

Fullgoal SSE Composite ETF

Huatai-PB CSI 300 ETF

Shenzhen Index

Ying Jianzhong: Standing firm at 4000 points, A-shares are expected to launch a new round of offensive