Opportunities in the STAR Board Index

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Abstract generation in progress

The bottoming and rebound on March 24th still appear to be just a stabilization after a decline, with no divergence at the bottom and no volume increase, but there is a gap. If today the market opens sharply higher due to positive news about the ceasefire and stays above the gap, it could form a minute-level island reversal pattern. Meanwhile, the Sci-Tech Innovation Board Composite Index has a complete minute-level 5-wave decline, which is nearing its end. Therefore, the technology sector may become the main force in this rebound back to 4,000 points. Focus on the Sci-Tech Innovation Board’s performance today, as it may lead a rebound in major indices. The Shanghai Composite Index is still in its first minor stabilization after a decline, so it’s uncertain whether the decline has ended. Its pattern differs significantly from the Sci-Tech Innovation and ChiNext boards. Caution is advised regarding traditional sectors.

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