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A brief opinion on ST Jinglan
I looked at some real trading players of ST using points. Some choose to reduce their positions, some hold steady, and others take profits! Those reducing positions probably expect a correction, while those holding still hope for another wave. Here are a few angles to analyze whether Jinglan still has more upside:
From the emotional cycle perspective, this is the divergence phase during the main upward trend. The breakout on Friday didn’t cause a collapse at high levels. For example, Songfa, which is strongly trending, is still doing okay.
From the stock’s own logic: indium recovery, delisting, asset injection. Starting from the bottom at 1.73, even at three times that, it’s over 5 yuan, so the move isn’t finished.
The bad sign is that the volume has increased significantly, indicating serious divergence and that capital hasn’t reached a consensus yet.
On Friday, I sold all my shares, leaving no position. For ST stocks that resume trading, they usually first fill the gap and then adjust downward. Some stocks adjust for two days, like ST Xintong, which was suspended on February 17, 2025, and resumed trading after four days of suspension, then adjusted for two days before rising again. Others adjust for three days, like ST Zhengping, suspended on September 30, and resumed after two days, then adjusted for three days. ST Yazhen suspended on July 15, and after three days, resumed with three upward moves, then adjusted for four days.
Based on this, stocks that resume trading usually first fill the gap and then adjust, and they won’t continue upward with consecutive limit-ups easily, as that could trigger abnormal movements. Therefore, Jinglan might have a maximum of four days for adjustment. If it can’t rebound and move higher, it probably needs to pause and wait for news stimuli!
My strategy is to initiate a rebound with a breakout and upward move!