In his gaze.
At 9:25 AM, after the call auction of both markets, 'Meiyan Jixiang' opened high with a 6.23% gain, settling at 6.83 yuan, amid a relatively consistent bullish sentiment and stable market performance across the broader market, major weight-bearing sectors, and major theme sectors in both markets.
"This opening result is somewhat in line with expectations,"
Su Yi murmured to himself as he observed the opening gain of 'Meiyan Jixiang' during the call auction.
"Fortunately, it didn't accelerate towards a limit up with shrinking volume; otherwise, the subsequent market trend would have been extremely dangerous."
For conceptual theme stocks supported by sentiment.
The most crucial factor for the continuation of a trend is the resonance between sentiment and incoming capital.
If emotional expectations are too consistent and the market lacks turnover, then incoming capital cannot enter, and the continuation of the trend will naturally become problematic.
Similarly, if emotional expectations are too weak and capital willingness to take over is not strong, the continuation of the trend will naturally also become problematic.
At this current time node.
'Meiyan Jixiang' has become the leading conceptual stock with the highest attention and discussion among short-term investors across the entire market.
So, in the short term, what troubles its trend continuity.
Is not the problem of overly weak emotional expectations, but the problem of overly strong and consistent emotional expectations.
Thus, to prevent the lack of market turnover caused by overly consistent emotional expectations, it is imperative to create bullish and bearish divergences, intensify market turnover, and allow more incoming capital to improve the chip structure in the market, alleviating excessive pressure caused by profit-taking orders on the market trend.
Only in this way can the trend go relatively further.
And maximize the capture of the most abundant profits from the market through rising stock prices.
Fortunately, during the entire call auction phase, 'Meiyan Jixiang' did not form a consistent limit-up trend with shrinking volume, and no pattern emerged that required Su Yi's intervention in the market trend.
"Hehe, the opening pattern of 'Meiyan Jixiang' is quite good."
As Su Yi mused over the call auction results of 'Meiyan Jixiang', Xu Qiao excitedly said in their internal group 'Modu Chaoduan Bang':
"The domestic and international news are both favorable, and there should be no risk in the broader market's macro trend.
At this moment, the core conceptual theme 'Zhengjin Holdings' has completely replaced the previously hyped main theme 'State-owned Enterprise Reform', forming a situation where short-term main capital continues to follow up and go long.
Given this, as the leading stock of the entire 'Zhengjin Holdings' conceptual theme. It will certainly be able to achieve further upward space and profit effect."
"'Meiyan Jixiang' already had shrinking volume last Friday,"
Old Zhang from 'Xinzha Road' said.
"Maybe it will continue with a limit up with shrinking volume today."
"Another limit up with shrinking volume, and it should be a selling point."
"Agreed, at this position... if it continues to accelerate, it's highly likely to be the peak."
"Regardless of shrinking or expanding volume, ultimately, one can make money and leave,"
Old Wu from 'Yintai Road' said.
"It's just a pity I bought too little last Friday."
"Don't be greedy,"
Brother Chen from 'Xinyue Road' said.
"If 'Meiyan Jixiang' continues to hit the limit up with shrinking volume today, I will definitely sell."
"I think we can wait and see,"
Xu Qiao said.
"'Meiyan Jixiang' is, after all, the leader of the 'Zhengjin Holdings' line. As long as short-term main capital continues to flow into the 'Zhengjin Holdings' conceptual theme and there's a good profit effect, the leader should not die.
However, for 'Beihua Gufen' and other miscellaneous stocks, one truly cannot be greedy anymore. Generally, during the final volatile phase of the leader, follower stocks will quickly recede, creating significant losses."
"I wonder if Brother Su will sell today."
"Brother Su's composure is good, but I'm worried about Alliance Leader Zhang. Alliance Leader Zhang currently holds a considerable amount of 'Meiyan Jixiang' chips."
As messages in the group refreshed.
Soon, both markets entered the official continuous trading session.
As the market started to fluctuate, under the gaze of countless investors, the stock price of 'Meiyan Jixiang', without any significant downturn or pause, was continuously pushed upwards by a surge of buying capital, quickly surpassing the 7% and 8% gain marks.
At the same time, accompanying the sustained surge in 'Meiyan Jixiang's stock price.
The 'Zhengjin Holdings' conceptual theme was also rapidly and intensely speculated by various groups of short-term capital, with corresponding concept stocks rising sharply in tandem.
At 9:33 AM, 'Meiyan Jixiang' launched a charge towards the limit up, with its market turnover rate just exceeding 5%.
At 9:35 AM, 'Meiyan Jixiang's stock price touched the limit up, and the market turnover rate reached 6.32%.
At 9:37 AM, 'Meiyan Jixiang's stock price fluctuated at the limit-up position for two minutes, increasing the turnover rate to 8.11%, before being locked at the limit up by a continuous influx of primary buying capital.
After 'Meiyan Jixiang' locked the limit up.
Just one minute later, the limit-up order volume for 'Meiyan Jixiang' reached over 400,000 lots.
"It did continue with a limit up with shrinking volume,"
Brother Chen from 'Xinyue Road' said in the group, watching 'Meiyan Jixiang's market with shrinking volume limit up.
"No more greed. The market for 'Meiyan Jixiang' today, with such a low turnover rate, will likely struggle to stay locked until closing. I'll sell first to show respect."
After saying that, Brother Chen from 'Xinyue Road' sold all the chips he bought on Friday on 'Meiyan Jixiang's market.
With Brother Chen from 'Xinyue Road' taking profits and exiting.
A brief surge of volume occurred on the limit-up market of 'Meiyan Jixiang', then, like a small pebble thrown into a pond, it splashed a ripple before returning to calm.
"Brother Chen, your selling didn't make much of a splash,"
Old Zhang from 'Xinzha Road' said with a smile.
"Since the market still looks relatively stable, I'll lock my position and see if I can earn the last bit."
Old Wu from 'Yintai Road' thought for a moment and said,
"I'll sell half my chips to reduce my position and holding cost, leaving enough room for error later. This way, even if 'Meiyan Jixiang' suddenly collapses to the limit down, I'll still profit."
With that, Old Wu also sold some chips on 'Meiyan Jixiang's market.
Similar to Brother Chen from 'Xinyue Road' taking profits and exiting earlier.
The chips sold by Old Wu from 'Yintai Road' only made a small splash on 'Meiyan Jixiang's limit-up market, and then the entire market returned to calm.
Afterward, large sell orders of 1000 lots gradually appeared.
But ultimately, they failed to affect 'Meiyan Jixiang's limit-up trend, nor did they crush the confidence of various buying capital groups united in locking the limit and grabbing chips.
Until 10:50 AM.
When 'Meiyan Jixiang's market turnover gradually reached 9%, and at the same time, the broader market index and major weight-bearing stocks all began to climb and then fall back.
On the limit-up market of 'Meiyan Jixiang', 10 consecutive large sell orders of ten thousand lots suddenly erupted.
Such enormous primary sell super large orders.
Instantly, like a giant rock falling into a pond, it caused a huge commotion on 'Meiyan Jixiang's limit-up market.
It was also like a swift knife, with lightning speed, slicing through the confidence of various buying capital groups united in locking the limit.
Su Yi had been closely observing 'Meiyan Jixiang's market situation.
At this moment, seeing the market anomaly, his brain hadn't even reacted, but his hands had already struck the keyboard, following with the same 10 consecutive large sell orders of ten thousand lots.
In an instant, it shattered the limit-up orders that hadn't had time to be withdrawn and were still queued on 'Meiyan Jixiang's limit up, sweeping away all the limit-up buying orders on the market.
Immediately, as everyone reacted.
'Meiyan Jixiang's stock price had plummeted straight from the limit up, flash crashing to around the 7% gain mark.
(End of Chapter)
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