Doji star, individual stock expectations repair, has the adjustment ended?

On Friday morning, there was a rebound after hitting the bottom, mainly targeting the repair of individual stocks. However, from the current perspective, the strength of the repair is still average, and it cannot yet be said that the adjustment has ended. However, at this position, there is starting to be certain capital support as it moves downward.

From a technical perspective, the Shanghai Composite Index has broken the short-term 5/10-day moving averages. The morning rebound can be seen as a breaking of the 5-day average and a rebound to the 5-day average. The focus in the afternoon will be on whether it can pull back, which would be a strong performance. The moving averages would then re-establish a binding state. If it cannot return to the moving averages, it will be constrained by the pressure of the moving averages. Additionally, from the perspective of moving average expectations, the 20-day moving average will continue to move downward, and there is an expectation of flattening in the latter half of next week. Therefore, from the perspective of moving average expectations, I personally believe that the opportunity is more likely in the latter half of the week.

Overall, it cannot yet be confirmed that the adjustment has ended. In the short term, the support of the 20-week (3845) can be referenced. If it does not break, there are conditions to maintain oscillation. If it breaks, it will test the previous low of 3816. However, if it goes down further, there is no need to fear; instead, it might easily present opportunities (bottom divergence). Patience is required to wait for market signals.