eurekapd Chapter 16: All-in on Deep Tech
Chapter 16: All-in on Deep Tech
For the next period of time, Lingyun was like a spinning top, constantly busy, running between securities brokerage offices to check the market and construction sites to guide the construction team in decorating.
After having breakfast around 8 a.m., Ling Yun went to the securities brokerage to monitor the market. Based on his memories from his previous life and technical analysis, he determined that Shenzhen Technology was on the verge of a breakout.
Lingyun began to review his operations over this period. He has already established a 60% position, with an average cost of 4.57 yuan, holding 220,000 shares of Shenzhen Technology, and a balance of 700,000 yuan in his account.
Ling Yun sat quietly on his private sofa by the window. Unlike the other "big players" around him, who were either excited or anxious and staring intently at various popular stocks, Ling Yun's gaze remained fixed on a rather deserted stock code—Shenzhen Technology (000021).
Lingyun's fingertips unconsciously traced patterns on the mahogany coffee table. What he was building in his mind was not a simple candlestick chart, but a technical analysis framework of his own.
Currently, the market is consolidating within a bottoming range, with moving averages converging, indicating a temporary equilibrium reached after a battle between bulls and bears.
What Lingyun is most concerned about is that in the past two weeks of fluctuations, although the trading volume of Shenzhen Technology has shrunk overall, when the stock price drops to the support level of 4.5 yuan, the trading volume shrinks drastically, indicating that the selling pressure has dried up; while when the stock price tests the upward, especially when it approaches 4.7 yuan, the trading volume increases moderately. Although it fails to break through, it is clear that there are funds tentatively pushing up the price.
"Consolidating at the bottom with decreasing volume, testing the waters with increasing volume..." Ling Yun muttered to himself, his eyes sharp. "The main players are already active, but they're just a little short of the mark."
Ling Yun remained calm and composed, without the slightest hint of impatience. He knew that at such a crucial technical juncture, patience was more precious than gold. Investing too early could erode confidence and capital amidst prolonged market volatility; entering too late would incur high costs and carry enormous risks.
After the market opened, Shenzhen Technology's stock price remained lukewarm, hovering around 4.65 yuan.
At 9:45 AM, Shenzhen Technology's stock price dipped again, hitting a low of 4.58 yuan, very close to the lower boundary of its trading range and the 30-day moving average. Trading volume shrank to recent lows. The market was sparsely populated with sellers and even less with buyers, creating a lifeless atmosphere.
Someone in the VIP room shook their head: "This advanced technology is hopeless; it's a lost cause."
Old Zhou strolled over, glanced at Ling Yun's screen, and kindly advised, "Brother Ling, this stock has been hovering around for too long, and the investor interest is low. Why don't you look at some other stocks?"
Ling Yun simply smiled and didn't answer. When the trading volume hit a key support level at rock bottom, instead of sounding the alarm, he felt a premonition that "opportunity is approaching." But he remained unmoved, waiting for a clearer signal.
The stock price stabilized around 4.5 yuan, closing with a small doji candlestick on reduced volume. Both buyers and sellers seem to be observing the situation.
Around 10:30 a.m., the situation suddenly changed!
A sudden buy order of 5,000 lots appeared, directly pushing the stock price up from 4.55 yuan to 4.65 yuan! Although it subsequently fell back and fluctuated, this sudden surge in both volume and price was like a pebble thrown into a calm lake!
"Something's moving!" A glint flashed in Ling Yun's eyes. He knew this couldn't be the behavior of retail investors; it was the major players testing the selling pressure above.
A slight ripple began to stir within him, but reason firmly prevailed. "It's just a test, it's hard to tell if it's real or fake, I can't chase the price higher," he told himself, needing to confirm the validity of this test.
The stock price is consolidating strongly between 4.60 yuan and 4.70 yuan! Most importantly, the trading volume continues to increase moderately, and the stock price is firmly above all the converging short-term moving averages!
"Breaking through the moving average resistance with sustained volume confirms the test of the market was effective!"
The scales of decision in Ling Yun's mind tipped instantly! The time for the hunt had arrived!
Without further hesitation, he decisively grabbed the red internal telephone.
"This is Lingyun, account number ****. Shenzhen Technology, stock code 000021, current price 4.65 yuan, buying 150,000 shares!"
He didn't care about the few cents difference. The moment the trend was established, he chose the most aggressive and decisive approach—betting everything!
A confirmation voice came from the other end of the phone.
He put down the receiver and slowly exhaled a long breath that had been trapped in his chest. He leaned back on the sofa, closed his eyes, and felt the powerful thumping of his heart at that moment.
The position building is complete.
From the initial calm observation and patient waiting, to the slight ripples when discovering clues, to the decisive strike after testing the waters and confirming the results, and finally the resolute decision to go all in when breaking through the key point... every psychological change of his strictly corresponds to the evolution of technical signals on the chart.
At this moment, 37 shares of Shenzhen Technology, with a cost basis of 4.60 yuan, lie quietly in his account. All the shares have been deployed.
At 3 PM, Shenzhen Technology's closing price was 4.85 yuan, firmly breaking through the resistance level.
He knew this was just the beginning. The spring had been compressed to its limit; now, it would unleash all its kinetic energy and soar into the sky. And he was already firmly seated atop this rocket about to take off.
Ling Yun ignored the surrounding noise, picked up the slightly cooled teacup, and took a small sip.
The plan is complete; all that's needed is for the right opportunity.