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Kowloon Securities pointed out that the multiple factors that have always suppressed A-shares since 2022 will turn around in 2023, and A-shares are expected to gradually rally in the next year, continuing the medium-term comprehensive correction trend that has been started. In the post epidemic era, with the economy moving towards correction, A-share shares are in a medium-term upward trend after bottoming out for the second time. Strategically, we can adhere to a philosophical outlook. It is expected that the profit will increase slightly in 2023, with a high probability of the emergence of a small bull market. However, the short-term downward trend of the market has not been corrected, and the bottoming process may continue. It should be noted that the rebound in the process of continuous decline is characterized by high suddenness and poor sustainability. It is almost certain that the retaliatory rebound will be launched, but we cannot expect too much for the sustainability of the rebound. Fast forward and fast out are still the main forms of investment at present.

In the afternoon, the Shanghai Stock Exchange Index showed a bottoming and recovery pattern, but the trading volume did not increase significantly from the rebound in the late afternoon. If you want to change it later, you need to further supplement. On the daily level, the trend of continuous negative ended, but still under pressure on the 5-day moving average. The short-term trend is not very ambitious. The trend on the weekly level is not very clear, one Yin crosses multiple lines, breaking the early shock rebound rhythm. The GEM index is also in a synchronized state. The trend line formed by the early low point in the short term is missed, and it is expected to form a counter pressure in the future. Fortunately, when the weekly level is deceived, it faces the support of 250 weekly lines. In the early stage, it is to move up again after obtaining support in this direction, so we should pay attention to the gains and losses of this direction next. In terms of operation strategy, the mood of the shopping mall was really bad this week, and the downward shift of the center of gravity also hit the mood of the shopping mall. The rapid rotation and multi-point divergence of plates in other sectors are also not conducive to the formation of resultant force of current funds. Therefore, it is suggested that we should be cautious in operation, especially for the fast rising sectors in the short term, and continue to do a good job in position control.