What Gang of Speculators Trading Ideas (March 24) Morning Session

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As of the close, the three major A-share indices all rose collectively. The Shanghai Composite Index and Shenzhen Component Index increased by 1.78% and 1.43%, respectively, while the ChiNext Index rose slightly less, only 0.5%. Market turnover was 20962 billion yuan, down 3523 billion yuan from previous volume. More stocks rose than fell, with over 5100 stocks gaining. The median of individual stock gains and losses was a 3.25% increase, and the average stock index is close to recovering yesterday’s bearish candle body.

In terms of indices, except for the ChiNext, the other 8 broad-based indices closed above the midpoint of yesterday’s bearish candle, indicating yesterday’s rebound was real and effective.
Yesterday, the banking and securities sectors led the market stabilization. Historically, after financial stocks stabilize the market, even if they hit new lows, the decline is usually short-lived and relatively controlled, such as in January-February 2024.

On the resistance side, the Shanghai Index faces two major pressures: one is the gap down at around 3955 points from the day before yesterday, and the other is the bottom around 4000 points in early February. If the market bottomed out in the recent wave, these two resistance levels are likely to be broken.

Long Ge deeply understands the difficulty of friends who have been steadfast in the market and sincerely feels happy for everyone’s rebound and recovery. You didn’t give up before dawn, and finally, the rebound came.
Previously, Long Ge advised not to panic; everyone stayed calm. The day before yesterday, I said not to panic, despite many doubts. I did everything I could, said everything I needed to, and I am at peace with myself.

If you sold at a loss the day before yesterday, don’t blame me. Entering the market on Monday was perfectly fine. Whether you bought in after a 100-point or 150-point decline, it doesn’t matter because no one can precisely catch the bottom—it’s all relative. If you always chase to sell at the very bottom or the very top, you will suffer greatly. Trying to perfectly time every short-term move is a misconception and will never work well.

The stock market is the ultimate test of human nature. In trading, there are no born winners. Those who survive and keep moving forward rely not on quick wit or luck but on countless lonely nights, digesting pain through repeated losses, ultimately understanding human greed and fear, and constantly adjusting their cognition and operations.
Rewards in trading always go to those who can endure, tolerate, and adapt—brave souls who have survived many “close calls” in unseen corners, leading to steady account growth.

Now, let’s talk about today’s expectations. The rebound with reduced volume is likely to continue. Why? Because retail investors wouldn’t chase at this level. If they don’t dare, the market will keep rising. When will they dare? When the previous day’s bearish candle is fully recovered.
So, the key resistance is at the gap from the day before yesterday, between 3900 and 3955 points. Many retail investors see the index reaching this range with increased volume and think the opportunity is here, ready to fill the gap, and rush in. But you need to understand what kind of volume this is—it’s the trapped sellers wanting to exit, the selling volume.

Yesterday’s rebound was on low volume because many saw the bounce but didn’t believe the bottom, and the significant decrease in volume already indicated that retail investors weren’t daring to buy the bottom!
But Long Ge has to be honest: when you finally confirm, it’s already too late.
If volume exceeds 3900 points, don’t think about chasing again. Instead, gradually reduce your holdings at the bottom! Only after a second dip and a volume-increasing bullish candle does true stabilization occur.

Look at which sectors surged the most yesterday:
Power grids, photovoltaics, and lithium batteries—four out of the top five strong sectors are energy-related. The reason is simple: energy security is a concern all countries worldwide must prioritize!
We need to view the current market from a higher perspective. As long as the industry logic and trend are solid, the twists and turns are just some frost and snow.

I remain firmly optimistic about the energy sector. From the energy security perspective, yesterday’s panic was a good low-entry opportunity. The order for Musk’s space-based photovoltaic projects is promising, so I also bought a photovoltaic stock early yesterday. Let’s see if it surprises today.
Regarding the power grid and new energy projects I shared on Monday, they also surged strongly yesterday.
And the oil company I mentioned last week, although not hitting the limit-up, is quietly reaching new highs along the 5-day moving average.

Additionally, storage stocks are worth watching. For example, Baiwei Storage surged 9-10 times in January-February, likely to continue at this growth rate in Q1. The stock has been strong since late last year. With earnings season approaching, stocks with good performance tend to attract funds, and the storage sector’s correction is also following the market, but the rebound is quite vigorous.
For example, Demingli, which I discussed in the morning, also closed significantly higher yesterday.

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