3.22 Bull is still here, at least 4612 to 4970

StrawberryIce · 2026-03-23T01:41:47+00:00

Last Friday, the market broke below the 4000 mark again, but the bull market judgment remains unchanged, with a rebound expected to 4612~4970. The market is undergoing C3 wave adjustment, and a rebound may come in the short term. Power stocks have become the current main theme, with consecutive daily limit-up stocks performing well in the short term, and money-making opportunities still exist in the market.

StrawberryIce

2026-03-23 01:41:47

Abstract generation in progress

Market Overview [Taogu Ba]
Last Friday, the market once again fell below 4,000 points, and the sentiment was bleak.
Just like on November 14 when it dropped below 4,000, I want to remind everyone that the bull market has not ended; it should at least rise to 4,612–4,970.
You can review the post-November 14 analysis to see that the overall direction hasn’t changed, only minor wave patterns have been adjusted, such as whether it is Wave 51 or Wave 535.
However, Nobel laureates in economics in 2008 proved that long-term economic predictability exists, while short-term predictability does not.
Applied to the stock market, the big trend can be forecasted, but small fluctuations are unpredictable.
Back to the market, it is currently in Wave 4C3 correction, with a subsequent Wave C4 rebound and Wave C5 decline. As long as it does not fall below 3815.84, the bullish outlook remains intact.
As mentioned in last Thursday’s review, a C4 rebound could happen at any time.
Currently, the potential resistance levels for Wave C3 downward movement are: 3941.7, 3937.29, 3908.4.

Profit Style
Trend Style: 45, no clear bias toward profit effect. (Unique index: 0 means profit effect is concentrated in stocks with recent continuous boards; 100 means profit effect is concentrated in pure trend stocks.)

Hot Topics
The market turnover reached about 2.3 trillion yuan, supporting the speculation of 2–3 sectors.
As discussed in Thursday’s short-term relay, Huadian Liaoning Energy hit the daily limit on Friday, once again sparking the power sector—specifically, power and photovoltaic storage stocks performed strongly on Friday.

On Friday, since the overall market was not strong, the power sector experienced a divergence between weakness and strength, then gradually recovered. Shao Neng Shares opened high in the morning and hit the daily limit, helping Huadian Liaoning Energy to block the sell-off, followed by its own limit-up, laying a solid foundation for a rebound after the divergence in power stocks. Currently, the power sector is undoubtedly the main line and should continue leading the market into the C4 wave rebound phase.
As the energy storage segment of power, it surged on Friday, but since the traditional power sector is complete, this is more likely spillover or follow-through from the strength of traditional power stocks.
In the morning, optical communication stocks opened high and strengthened, likely aiming for a rebound, but as the market continued to weaken, they also declined.

Short-term Relay
Friday’s short-term continuous board performance was quite good, with an overall success rate of about 50%, and two stocks with four consecutive boards both advanced to five boards.
Hopefully, tomorrow one of the two five-board stocks can break through to six boards, further boosting the short-term profit effect.

Current holdings: 2 layers of Shao Neng Shares.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.