March 17 Wealth Code

JinNiu Chemical, ShunNa Co., Ltd. [Taogu Bar]

Today, the Shanghai Composite Index tested the bottom and rebounded, with the 4050-point support confirmed as effective. It closed above the 4080 level, with the ChiNext leading the recovery. The combined trading volume of the two markets was 2.34 trillion yuan, showing a decline in volume and a game of tug-of-war. Northbound funds had an opposite trend, with a net inflow of 2.63 billion yuan, indicating no systemic risk overall. Tomorrow, it is highly likely to fluctuate and recover within the 4050-4120 range, mainly focusing on structural trends. The index does not need to be overly fearful; focus on the rhythm of sector rotation.

【Core Main Lines】

Absolute Main Line: Semiconductor chips (storage, HBM, advanced packaging). Today, the sector experienced a surge in limit-up stocks, driven by industry price increases and Nvidia GTC conference dual catalysts, with the highest fund recognition. Tomorrow, watch for the continuation of leading stocks, with dips providing low-entry opportunities; avoid chasing weaker stocks.

Flexible Main Line: AI computing hardware (optical modules, liquid cooling, servers). The GTC conference provides key catalysts, strongly linked to semiconductors. Prioritize low-priced stocks with performance support.

Defensive Sub-line: Liquor, shipping, and ports. Safe havens for capital switching between high and low, suitable for conservative investors.

【Trading Strategy】 Holdings: Maintain positions in main line stocks as long as they do not break the 5-day moving average. Take profits on rallies in stages; reduce positions if the stock weakens. Adjust positions promptly for non-main line weak stocks; avoid stubborn holding. Entry: Only buy on dips in main line stocks with divergence; decisively avoid chasing high-flying stocks in the late session. Do not buy stocks with excessive gap-up openings; wait for intraday pullbacks and confirmation before acting. Position: 50% for conservative investors; no more than 70% for aggressive investors. Do not go all-in; keep some reserves to respond to rotation opportunities.

【Risk Warning】 Avoid high-priced, no-performance concept stocks. Funds have already shifted between high and low; beware of catching the top. Coal, non-ferrous metals, and other cyclical resource stocks saw significant outflows today; do not blindly bottom-fish. Be cautious of GTC conference results below expectations and external market volatility causing emotional disturbances. Do not heavily bet on a single news event.

$Jinniu Chemical(sh600722)$ $ShunNa Co., Ltd.(sz000533)$ $JinNiu New Energy(sh600821)$ $SanFangXiang(sh600370)$ $HanLian Co., Ltd.(sz002498)$ JinNiu Chemical, ShunNa Co., Ltd., JinNiu New Energy, SanFangXiang, HanLian Co., Ltd.