[Red Envelope] 2026.3.27 Review: The index opened lower and then rose, is a reversal confirmed?

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1. Pre-market Auction Analysis
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**A day in the stock market starts with the auction. Today, the top in the auction is Gui Guang Network, with an order book over 500 million, which has a certain guiding effect—guidance in terms of computing power. But this comes out of the 9.20 addition, and there are signs of “snatching a quick profit,” so the market’s recognition of such capital is often not high. Judging from the performance afterward, there indeed wasn’t much follow-through. The second in the auction is Guangxi Energy. Compared with yesterday’s follow-through, this order book doesn’t provide guidance to the sector, and there’s nothing that exceeds expectations. As for the rest, it’s hard to judge. Overall, today’s auction didn’t offer any strong guidance; the auction was overall in a state of relatively panic. This also matches the index’s big low open.

2. Consecutive Limit-Up Stages
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**Four-day limit-up
Neng Tai Shan—electricity attribute. It opened and got unsealed today, then instantly went to a second board; you couldn’t even抢抢抢, and you can see whether its later performance justifies the level of capital scrambling like that.
Rong Jie Co., Ltd.—lithium mine concept. The whole sector was being lifted to the sky, and only then did it remember it is “in the lithium-mine seat.” This initiative is too weak, and it needs to be corrected later.
Mino Long—pharmaceutical attribute. By rights this should be the medicine box of the “ladder” or the leader; reaching this height is actually more than expected. And today the sector had momentum/fermentation. The expectation for the next trading day is a one-word limit-up.

Three-day limit-up: none

Two-day limit-up
Jin Kong Electric—electricity attribute. It was a board I bought yesterday; today’s performance doesn’t live up to yesterday’s strength.
Wan Bang De—pharmaceutical attribute. You can view it as the fermentation of Mino Long.
Da Dong Nan—lithium battery. The rally effect feels like it was done by quant trading.
Shen Jian Shares—commercial aerospace. The aerospace sector has always had some stocks come out to stay active, maintaining the sector’s heat. But the “big brother” hasn’t been giving enough, which has caused the sector to not complete the second wave for a long time.
Guangxi Energy—electricity attribute. Today it’s basically the clear “Ming Pai” catch-up rally to Hua Dian Liao Neng. But this kind of opening-one-word approach makes people have no interest in going in and taking it. If I were to place orders today, I should have been able to get filled, but I don’t have the habit of topping a one-word board.
Jin Mei Technology—chemical attribute. Today it basically got “stuck” at the divergence of electricity and flashed out to show its face.
Shi Da Sheng Hua—electricity attribute. It’s relatively in the back row; there’s not much value to look at.

3. Trend Analysis
Right now, with the index recovering, some targets that look pretty good have started to appear. Maybe the spring of the trend is coming. I’ll gradually pay more attention—though personally I still prefer doing short-term trades.
Yun Nan Chu Ye—nonferrous metals. Today it hit the limit-up to a new high. You can observe the follow-through/acceptance in the next trading day.
Gan Feng Lithium—nonferrous metals. Also a limit-up new high. Observe the acceptance in the next trading day.
Chang Fei Optical Fiber—optical fiber attribute. Theoretically, the first buy point was yesterday; today is the second one.

4. Market Snapshot Summary
In terms of today’s index performance, it was more than expected. Because overseas markets were down hard, when the index opened this morning it was also a big low open. But right after that, it got pulled up immediately, and there wasn’t much of a high-and-fall. Although volume is still shrinking, the possibility of the index making a new low shouldn’t be big. The national team showed a clear stance of propping the market. When the securities sector was pulled up, capital immediately felt this signal, and the market warmed up accordingly.

For the theme directions, first talk about electricity. Today electricity continues to diverge. At this point it’s been two consecutive days of divergence. The main reason is that after Hua Dian Liao Neng broke its board, the performance was average. Today it didn’t choose to do a “reversal after breaking,” but chose instead to pin the 30-day/200% abnormal-movement zone. But this likely needs to be pinned for a long time. This situation needs a new “supplementary up-leader” to come out and lead the next leg—or if Yu Neng breaks through and shows strong performance, that could work too. Today Yu Neng Holdings pulled the board at the close. The “old leader’s” driving force is still decent, but it still needs to break the previous high to show its attitude.

Today is the second consecutive day of divergence for electricity, but that doesn’t mean electricity is over like this. No mainline theme has ever ended by dying from such divergence. The leaders are still being held at high levels, and the board lineup remains intact. There are still expectations for a rotation/refill afterward, and even expectations for a repair on next Monday. What electricity lacks right now is a new “leading” stock. The reason electricity had some performance before is that the electricity sector always had stocks trying to hit the height. Judging from the current situation, Neng Tai Shan and Yu Neng Holdings are relatively the more suitable ones.

After electricity stopped acting as the main driver, other directions saw a “hundred flowers blooming” effect. The strongest was lithium batteries. This is actually a sub-sector of electricity, but based on today’s sector走势, it didn’t really promote anything for the electricity sector. The pharma sector can be seen as the continuous beyond-expectations fermentation of Mino Long; after that, the sector’s performance height is anchored to the stock Mino Long. For chemicals, this direction has always been electricity’s paired “enemy.” When electricity diverged earlier, it kept trying to show up to抢 capital. Today it finally broke out for a round.

Other than those three, there’s no need to analyze. In this kind of situation, they can’t even get their head up. There won’t be much to expect later—wait for the auction to show strong guidance. These three themes also had some performance yesterday. Today, with the index breaking out in resonance, it means they’ve shown some degree of continuity. Then in the situation of electricity divergence, you can consider doing an “overlap transition” by choosing sectors/themes with higher continuity. But I think these themes have no value in chasing higher prices; it’s hard for them to get stronger and stronger.

As usual, I’ll summarize today’s operations. After today’s auction ended, Hunan Development and Jin Kong Electric were both opened but didn’t meet expectations. For Hunan Development, the opening gap wasn’t big enough. For Jin Kong Electric, today’s expectation was to open at over 7 points, but it opened at under 6 points—completely not meeting expectations. For stocks that don’t meet expectations, you need to set a defensive price “floor” by hanging a price cage lower by 1% at the end of the auction to prevent a waterfall sell-off at the open. Fortunately, the first trades after the open for both of these stocks were all pulling upward; the orders hung in the auction were basically dead orders.

As for Hunan Development, it tried to spike up without boarding, and the drop-back became a sell point. When it broke below the moving average, that was a “place your holdings” point—I sold in two batches while above water, with a small profit. For Jin Kong Electric, I originally thought it would qualify today and I’d add to the position. But after the auction it was not up to expectations, and there were also two one-word limit-up boards before it. So there was no need to add. After the first failed breakout, I sold half. After the second failed breakout, I also sold the remaining half. Even though it later closed back up, there were still expectations afterward. But today’s performance with continuous failed breakouts was not up to expectations—so selling out wasn’t something to regret.

After the auction ended, I also wanted to buy Neng Tai Shan, but the scramble for shares was too fierce—I couldn’t get in at all. I waited in the queue for about half an hour and then gave up. The first half hour after the board was the most likely time for execution. I didn’t get in at that time, so you shouldn’t expect it afterward unless it gets “炸板” and you get squeezed in. In this situation, I must firmly avoid it. Failed breakouts have always been my sell point, not my buy point.

So after selling the two stocks today, I ended up staying in cash. Later, even though the index pulled up and lifted a bunch of sectors, I don’t have the habit of buying during intraday rallies. I feel intraday pull-ups like that are too random. Since the auction didn’t give a clear attitude, it shows the capital didn’t plan to seriously do it from the beginning. It was simply stimulated by the national team pulling securities. Seeing that the index looked fine even very strong, it then went to pull a few themes that performed well yesterday. That’s not my interest. If the capital truly intends to seriously do these themes, then at the next trading day it should be giving an attitude during the auction; otherwise it’s very likely just arbitrage behavior.

Overall, I’m still fairly satisfied with my operations this week. I managed five consecutive positive days, and the only losing stock was Zheng Tai Power. I bought into a board and the next day it opened down directly—no solution, it didn’t give any chance to make money at all. The other operation stocks were profitable, and especially Hua Dian Liao Neng contributed a large part. The charm of a leader needs no more words. Even though I’ve left it now, when the market isn’t good later, it can still be considered to go back for high-sell/low-buy to do T. A big surge is unlikely. Today I didn’t challenge that 30-day 200% abnormal move; later there probably isn’t much to expect either.

I share my operations in real time every day, and during the session I also share my view of the market. I believe this can bring a lot of insight to everyone. If you’re interested, you can click follow to track my updates.

5. Must-Read Daily
Also, if everyone is interested in my trading system or has questions, you can check the six posts below. The stock-picking formula, the trading system, and answers to basic questions are all inside!

[红包] High-quality post sixteen, on empty cash and trading patterns—

https://www.tgb.cn/a/2ql81CLwIBn

[红包] High-quality post fifteen, Quantitative Trading System: Quant Trading—

https://www.tgb.cn/a/2q9pLRC7uQN

[红包] High-quality post thirteen, The Road to Seeking the Dao

https://www.tgb.cn/a/2pAw5lNyIZN

[红包] High-quality post eleven, Opening Auction Trading System (more

https://www.tgb.cn/a/2pdneR1ZAWK

[红包] High-quality post ten, Software Trading System, little-known

https://www.tgb.cn/a/2p1TNOTUWWS

High-quality post eight, problems in the opening auction system and the trading process

https://www.tgb.cn/a/2oKcAK2QOMi

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