技术分析行业指数简评：证券板块在短线整理充分后，或仍有震荡盘升动能

Core Viewpoints - The securities sector is currently facing multiple resistance levels near previous highs and trading dense areas, which may lead to short-term consolidation. However, the short-term moving averages are trending upwards, and the MACD indicators across daily, weekly, and monthly charts show a positive cross, indicating no significant signs of weakness in technical conditions. There is active large-scale buying at lower levels, suggesting potential for upward movement after sufficient consolidation [3][4][6]. Summary by Sections Technical Analysis of the Securities Sector - The report reviews a previous analysis from May 16, 2025, which indicated that the securities index was in a recovery phase with limited downside potential. The index had a maximum increase of over 12% following the analysis, supported by strong buying at lower levels [3][6]. - Currently, the index is encountering resistance near the high formed on March 14, 2025. Despite this, it has shown resilience by bouncing off the 20-day moving average, forming a bullish "Red Three Soldiers" candlestick pattern, and reaching the previous high pressure level [3][6]. - The technical indicators are improving, with multiple moving averages aligned positively, indicating active buying momentum. The MACD indicators are also showing a positive cross, further supporting the bullish outlook [3][9]. Market Dynamics - Large-scale funds have been actively entering the market, with net inflows exceeding 30 billion yuan during the consolidation phase. Notably, there were nine days with net inflows over 800 million yuan, indicating strong buying interest despite the presence of multiple resistance levels [3][10]. - The report emphasizes that while the index is under pressure, the active large-scale funds suggest that there is still potential for upward movement after sufficient consolidation [3][10].