Wednesday A-share Market In-depth Analysis: Small and Mid-cap Bullish Patterns Emerge, Rotation Pattern May Welcome Change on Thursday, Spring Market Layout Path Clear

On Wednesday morning, the three major A-share indices achieved collective gains amid narrow fluctuations, and market trading enthusiasm has somewhat diminished, with a 5% decrease in trading volume to around 1.8 trillion yuan. In terms of individual stock performance, over 3,700 stocks in the two markets showed gains, with a limit-up and limit-down ratio of 62:4, highlighting the rebound rotation characteristics, and clear bullish signals have emerged in the market.

1. Core Conclusion

On Wednesday, the market simultaneously showed the dual characteristics of bullish technical patterns and sector rotation gains, further confirming a strong operational pattern. The three main lines of commercial aerospace, chips, and AI hardware have become the core driving forces leading the market. It is expected that the market on Thursday will likely welcome a resonant upward change, and investors can strategically position themselves along the main lines at lower levels, awaiting the full unfolding of the spring market.

2. Market Driving Logic

In terms of market structure, the yellow line continues to operate above the white line, clearly demonstrating the healthy operational context of 'weights supporting the stage, themes performing'. The CSI 500 index rose by 1%, successfully covering yesterday's doji candlestick, forming a bullish 'bullish pattern' with two up days and one down day, and the volume matching is good, with significant short-term bullish characteristics in the technical aspect.

In terms of hot rotation, capital flows are clear and orderly, with no signs of chaotic speculation. The leading stocks in the commercial aerospace sector achieved five consecutive limit-ups, and heavy-weight targets rebounded and reached new highs; multiple stocks in the chip sector achieved three consecutive limit-ups, forming a strong linkage effect; the weight targets in the AI hardware direction also reached new highs, and stocks in the Hainan sector achieved four consecutive limit-ups, with the local main line demonstrating significant leading effects. Meanwhile, short-term market sentiment continues to recover, with cases of high-position stocks rebounding to limit-up occurring frequently, and the focus on core main lines is becoming increasingly evident.

3. External Market Interaction and Technical Support

The overnight U.S. stock market continued its strong performance, with the three major indices achieving four consecutive gains, and the S&P 500 index even set a new closing historical high, providing positive external support for the A-share market.

Technically, A-shares have successfully stabilized above the 3900-point threshold and the 20-day moving average, with solid support below. Although there was a slight divergence at the 15-minute level, the intraday MACD indicator has completed a golden cross repair above the zero axis, effectively releasing the short-term adjustment pressure. Overall, it is likely that the market will continue to show upward fluctuations in the afternoon, with a high probability of resonant upward changes on Thursday.

Investment Strategy Recommendations

The current market is in a rapid rotation phase, so caution is advised when chasing high, and it is recommended to conduct low-level absorption layouts around the two main lines of technology and cycles, patiently waiting for the spring offensive to start. It is important to emphasize that within the framework of a slow bull market, 'low absorption' is the core strategy for obtaining stable returns. Investors should minimize the impact of short-term fluctuations, firmly hold core targets, and patiently await the arrival of the main rising wave.