Group 1 - The article discusses the current uncertainty in gold market trends and the potential for capturing reversal opportunities [1] - It invites participants to join a technical training camp for free, aimed at enhancing technical analysis skills [1] - The offer is limited to the first 100 participants, emphasizing urgency and exclusivity [1]

以下文章来源于二马由之 ，作者二马由之 二马由之 . 用逻辑讲投资 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者： 二马由之 来源：雪球 价值投资者应该何时卖出股票呢 ？ 常规的说法是 1 、 涨多了 ， 股票贵了 ， 因此高抛 ； 3 、 公司基本面有超预期的负面变化 ， 因此卖出 。 俗称割肉 。 那么价值投资会不会因为公司股票下跌而止损呢 ？ 是否因为股票下跌而选择止损一直是区分价值 投资和非价值投资的一个重要标准 。 这里我说一个观点 ， 价值投资者只割肉不止损 。 趋势投资者 ， 技术分析者会因为股票下跌而卖出 ， 这本身是他们投资体系的一部分 。 因此 ， 这类投资者因为下跌而止损是很正常的行为 。 但是价值投资的底层逻辑是低买 ， 高卖 。 因此 ， 因为股票下跌了 ， 更便宜了而卖出是违背了 价值投资的基本原则的 。 那么价值投资者能不能因为股票下跌 ， 而不是基本面恶化卖出股票呢 ？ 能 。 对于价值投资者来 说 ， 这个行为叫做割肉 。 价值投资者为什么会因为股票下跌 ， 而非基本面变化而割肉呢 ？ 其原因是 ， 当股票上涨时 ， 一些人认为自 ...

| | | 2、百度（9888):全日收82.65元，投資者問是否有支持位？從日線圖看，在保利加通道中線跌至底部，甚至已經跌穿底部的支持。而周線圖看股價也跌回中 線下方，走勢不是很理想。技術信號的總結為"強力賣出"，賣出信號多過買入。進一步再跌的話，參考市場數據，比如我們數據系統分析的78.8元。再跌則 下試試周線圖的底部76.4元。 1、恆指：指數全日收23544點。投資者認為指數低於23500以下可以小注搏反彈。而看空投資者認為恒指會繼續下行考驗23000的支持位。走勢上，恆指維持橫盤格 局，整體變化不大。技術信號轉弱一些，信號總結為"買入"，未能到"強力買入"的信號。支持和阻力位可參考22815點和24000點。 3、周大福（1929）：全日收11.46元。投資者問是否會挑戰12元位置？走勢上，維持向上的趨勢，從2月初開始，股價從7元一路上行，走勢理想。目前技術 信號為"強力買入"，走勢也維持上行趨勢。第一阻力先參考保利加通道頂部11.64元。突破則參考我們數據分析的阻力位11.9元。這兩組數據暫時都低於12 元。窩輪市場上，暫時沒有追高的投資者，早前在9元有人部署認購證。 | 信號總結 | 賣出信號 ...

[证券分析师： Table_Authors] 周啸宇 S0630519030001 zhouxiaoy@longone.com.cn 证券分析师： 王洋 S0630513040002 wangyang@longone.com.cn 联系人： 赵敏敏 zmmin@longone.com.cn 联系人： [Table_Reportdate] 2025年05月22日 李嘉豪 lijiah@longone.com.cn [晨会纪要 Table_NewTitle] 20250522 [table_summary] 重点推荐 财经要闻 晨 会 纪 要 证券研究报告 HTTP://WWW.LONGONE.COM.CN 请务必仔细阅读正文后的所有说明和声明 ➢ 1.保险板块或已走出下降趋势，上涨空间大回落空间小——技术分析行业板块简评 ➢ 2.邮储银行（601658）：非息收入表现较好，存贷同步降息缓解息差压力——公司简评报 告 ➢ 1.上海市人民政府办公厅印发《上海市提振消费专项行动方案》 ➢ 2.金融监管总局等八部门联合印发《支持小微企业融资的若干措施》 ➢ 3.中国与东盟十国全面完成中国—东盟自贸区3.0版谈判 | 1 ...

金十图示：2025年05月22日（周四）富时中国A50指数期货技术面一览（一小时图） | 时期 | 简单移动平均线 | 指数移动平均线 | | --- | --- | --- | | MA5 | 13733.4 | 13742.6 | | | 买入 | 买入 | | MA10 | 13733.0 | 13737.2 | | | 买入 | 买入 | | MA20 | 13737.5 | 13729.0 | | | 买入 | 买入 | | MA50 | 13690.2 | 13703.9 | | --- | --- | --- | | | 买入 | 买入 | | MA100 | 13664.3 | 13666.8 | | | 买入 | 买入 | | MA200 | 13618.2 | 13588.7 | | | 买入 | 买入 | | 买入:12 卖出:0 总结:强力买入 | | | 技术目标 2025年05月22日 北京时间11:15 | 每小时 | | 5小时 | 每日 | 每周 | | --- | --- | --- | --- | --- | | 总结 | 强力买入 | | | | | 移动平均线 | | ...

Market Overview - The Hang Seng Index closed at 23,827, with investors believing there is still a chance to reach 24,000-24,200 points, although some are starting to deploy bearish options due to concerns of a short-term peak [1] - The index shows limited short-term upward movement and is near significant resistance levels at 24,000 and 24,100 [1] Company Analysis Contemporary Amperex Technology Co., Limited (CATL) - CATL closed at 337.4 HKD, with investors speculating whether it can challenge 350 HKD in the short term [3] - The stock has shown strong momentum, and despite being newly listed, it has seen significant trading volume, surpassing major blue-chip stocks [3] Geely Automobile Holdings Limited - Geely closed at 20.35 HKD, maintaining an upward trend with a strong buy signal [6] - The stock is approaching resistance at 20.8 HKD, with a significant support level at 20.3 HKD [6] Bilibili Inc. - Bilibili closed at 146 HKD, with investors questioning if 150 HKD is a major resistance level [9] - The stock is in a sideways trend but is close to the upper band of the Bollinger Bands, with a resistance level identified at 155.8 HKD [9] Trip.com Group Limited - Trip.com closed at 500 HKD, with investors considering whether to enter at a low of 491 HKD [11] - Key support levels are at 481.9 HKD and 471 HKD, with active trading in bull and bear certificates [11] Hong Kong Exchanges and Clearing Limited - The stock closed at 391.6 HKD, with investors asking if it can challenge 400-410 HKD in the short term [14] - The stock is showing a strong buy signal, with resistance levels at 399 HKD and 401 HKD, and a second resistance at 425 HKD [14]

[Table_Reportdate] 2025年05月20日 策 略 研 究 [证券分析师 Table_Authors] 总 量 研 究 王洋 S0630513040002 wangyang@longone.com.cn 投资要点 ➢ 核心观点：保险板块长时间震荡回落，调整较为充分。短线技术条件逐渐向好，或已走出 下降趋势。指数在震荡调整过程中，大单资金活跃。下方支撑较多，回落空间小，上涨空 间大。 ➢ 风险提示：技术分析是对已有的行情进行统计、归纳、分析，是从当前市场量、价、线、 形、位多个角度进行多空力量对比，是对稳定条件下的市场情绪进行的判断预估，是对之 前的行情运行规律进行的总结、应用。当市场突发较大的政治、经济、军事、自然灾害及 [相关研究 Table_Report] 1.《波浪里前行 上证指数目前或处 于黎明的曙光中》 2.《上证指数或酝酿反弹动能——技 术分析上证指数系列》 3.《上证指数短线或有反弹需求—— 技术分析上证指数简评》 4.《上证指数或有进一步震荡盘升动 能——技术分析上证指数简评》 5.《上证指数短线技术条件明显修 复，回落空间小上涨空间大——技术 分析上证指数简评》 6. 《证 ...

Core Viewpoint - The technology sector is currently a focal point in the market, showing strong short-term rebounds but indicating weakening long-term momentum, suggesting a cyclical adjustment may be underway [1][3]. Group 1: Market Dynamics - The technology sector, comprising 30% of the S&P 500 Index, typically leads market movements, both in bullish and bearish phases [1]. - The recent strong rebound in the XLK ETF since April has led to a successful breakout above its 200-day moving average, signaling short-term positivity [3][5]. - However, the monthly MACD has shown a bearish crossover, marking the first "sell" signal since early 2022, indicating a potential price adjustment lasting at least six months [3]. Group 2: Technical Analysis - The Technology Select Sector SPDR is currently in a long-term uptrend but is facing upward pressure due to diminishing momentum, suggesting that the recent rebound may stall [5]. - A supply zone exists between $228 and $241, where the XLK ETF previously experienced narrow fluctuations, indicating a potential halt in the current rebound [5]. - The relative strength of XLK compared to the S&P 500 has recently increased, indicating superior performance during the market rebound, but this may be a temporary trend [7]. Group 3: Future Outlook - Despite entering a technical bear market phase, a long-term bullish outlook is anticipated to re-emerge around 2026 [3]. - The current relative strength of technology stocks is likely to be more of a counter-trend nature, suggesting limited sustainability moving forward [7].

Group 1: Market Overview - The Hang Seng Index closed at 23,345 points, with investors considering the index's strength if it holds between 22,800 and 23,000 points. The past three days showed a volatility of 3%, making it challenging for derivative investors due to the lack of clear direction. The index is in a balanced state from April 23 to 30, with no significant change in the upward trend, although technical signals are not as strong as before. The support level is at 22,400 points, and the resistance level is at 23,800 points [1]. Group 2: Company Analysis - NetEase (09999) closed at 190 HKD, with strong buying signals indicated by 18 buy signals and only 2 sell signals. The stock has broken through the upper band of the Bollinger Bands, with the next resistance level at 213.9 HKD [3]. - Alibaba (09988) closed at 123.4 HKD, showing a weaker performance with a significant drop. However, it has not yet breached the middle line of the Bollinger Bands at 118.9 HKD. The support level is at 115 HKD, with a total of 14 buy signals and 6 sell signals, leaning towards a bullish outlook [5]. - China Mobile (00941) closed at 85.8 HKD, with a positive trend as it broke through the daily chart's top. The closing price is just above the top, indicating further upward potential. The resistance levels are at 87.5 HKD and 87 HKD [8]. - CanSino Biologics (9926) closed at 83.5 HKD, having fallen from 105 HKD. The stock remains below the Bollinger Bands, with 9 sell signals despite a primary buy signal. Key support levels are at 73.4 HKD and 75.8 HKD [11]. - Meituan (03690) closed at 131.4 HKD, with concerns about maintaining the 130 HKD level. The stock is on a downward trend, with support levels at 124.5 HKD and 126 HKD [14].

总 量 研 究 [Table_Reportdate] 2025年05月16日 策 略 研 究 [证券分析师 Table_Authors] 王洋 S0630513040002 wangyang@longone.com.cn [相关研究 Table_Report] 1.《波浪里前行 上证指数目前或处 于黎明的曙光中》 2.《上证指数或酝酿反弹动能——技 术分析上证指数系列》 3.《上证指数短线或有反弹需求—— 技术分析上证指数简评》 4.《上证指数或有进一步震荡盘升动 能——技术分析上证指数简评》 5.《上证指数短线技术条件明显修 复，回落空间小上涨空间大——技术 分析上证指数简评》 [table_main] 投资要点 ➢ 核心观点：证券板块指数在近日的震荡盘升中短线技术条件明显修复。短线虽仍处头肩底 形态内，尚未突破颈线位，也尚未突破60日均线，仍或因多空争夺而震荡。但指数下方大 单资金介入较深，下方支撑位较多，回落空间相对小。而若指数有效突破头肩底颈线位， 或相比于2015年5月的前期高点，指数上行空间较大。 证券研究报告 HTTP://WWW.LONGONE.COM.CN 请务必仔细阅读正文后的所有说明和声 ...