[Red Envelope] The major trend is coming

Watching the market lets you spot opportunities ahead of time; reviewing afterward helps you map the direction.[Taoguba]
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Just one watch and one review already means you know the other side; what comes next is knowing yourself, and finally timing the move to strike.**
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Trading stocks isn’t about guessing. People who can make profits usually have either (1) insight that gets a head start (foreseeing), or (2) adaptability at the moment (following).**

Market outlook:
The three major indices move up together. Driven by the easing of events from overseas, there’s global resonance and repair. Intraday market trading volume increased by 2.45 trillion versus yesterday. This week’s up/down situation: on Tuesday, 3900+ closed higher; on Wednesday, 5100+ closed higher.
In the short term, AI computing power + application explosions have strengthened. The slightly older fiber-optic group and the pharmaceutical group have seen internal disagreement leading to sell-offs. The trend direction is for big tech to continue resonating with the indices. Overall, the intraday market is mainly about oversold rebound, with a general upswing climax.
There were 122 stocks hitting the daily limit-up, up from 93 yesterday. The board sealing success rate was 88%, up from 78% yesterday. The consecutive-limit “ladder” had 11 stocks, up from 7 yesterday.
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Consecutive-limit ladder:
4-limit:** Huiyuan Communications (fiber optics)
3-limit: Zhong An Ke (computing power)
2-limit: Jinling Pharmaceuticals (pharmaceuticals), CRCC International (reconstruction in the Middle East), Guangdong Media (AI applications), Goler Shares (trendy toys), Tongding Internet (fiber optics), Pubang Shares (AI applications), Core-Tech (CPO equipment), Huan Yuan Holdings (asset restructuring), Xinhonggang (electric)

Consecutive-limit ladder: The height has reached 4-limit, and the consecutive-limit ladder is entirely follow-on replenishments.

Like first, then watch. Develop the habit, stay consistent, and profit big every day.
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Market review:
Hot directions: AI hardware, pharmaceuticals, chip-related, AI computing power + applications, etc.**

I. AI hardware-related.
1、CPO-related, sub-sectors: fiber optics, equipment, EML, OCS, etc.
Overseas anchors: NVIDIA, old mantou, COHR, Applied Optoelectronics, AXT, etc.

Big caps: Yizhongtian. Intraday, Jizhong Xingchuang leads the main role. Strong bullish candlestick makes a historical high. Xin Yisheng and Tianfu perform next best. Afterwards, it reaches expectations gaps and is traded with a “new high” anticipation.
Fiber optics: benefits from the price increase logic.
Trend leader: Yangfei Optical Fiber. Intraday it pulls back and adjusts along the five-day line.
Left and right protectors: Hangdian Co., Ltd. and Faraysin. Hangdian revisits the 13-day line; Faraysin performs an “inverted pull of the long willow” maneuver. The industrial-chain stocks here need to watch for the risk of ST in their annual reports.
Logic-based replenishment: Tongding Internet, Far East Shares climb; Changxin Bochuang strengthens; Zhongtian Shares and Hengtong Optoelectronics adjust.
Sentiment-flow replenishment: Huiyuan Communications, Xinneng Taishan, etc.
This sub-sector is currently the strongest within CPO in the recent phase. Today it differentiates and adjusts internally, with switches from high to low. Going forward, Changfei won’t die, and replenishment won’t stop.

Equipment: benefits from overseas CPO companies expanding production, stimulating equipment demand—basically hand-made VS fully automated.
Trend elasticity: Zhilifang—leader with this round’s highest level.
Trend leader: Robotech. Although its height isn’t as high as Zhilifang, the concept purity of equipment is the most solid in this sub-sector; intraday it makes a new high.
Other equipment trends: Core-Tech, Kaig Precision Machinery, Jept, Aokey Technology, etc.

EML:
Trend stocks: Yuanjie Technology, Changguang Huaxin—both show modest performance intraday.
Newcomer: Eastside Precision, benefiting from Google demand. It verifies subsidiary Suorsi’s earnings elasticity expectations; it hit the one-word board intraday.
Upstream indium phosphide: Yunnan Germanium Industry. Fundamentally it’s domestic substitution after capacity expansion, and it’s also expected to increase global share. However, overseas AXT’s price action will still affect sentiment volatility; five-day line trend, and intraday it makes a new high.

OCS-related:
Tengjing Technology, Deko Li, Gukong Technology, Jiguang Technology, Saimicroelectronics, etc. Internal rotation-style advance; most keep a five-day line trend.
Upstream Faraday rotator thin film: Foking Technology (raw materials), Zhongrun Optics (mid-to-high-end), Dongtian Micro (mid-to-low-end).
Upstream optical components: Kailing Shares.
Previously this sub-sector was the Google industrial chain; now it’s also being worked on by NVIDIA, which boosts demand many times over.

Second-tier vendors: Optical Communication Technologies, CRIGC Technology, Cambridge Technologies, Minp Ming Opto, Liantech, Yongding Shares, etc. Entering the Google and NVIDIA supply-chain scenario + domestic volume expansion. The recent catalyst is Google’s expected bidding of $6 billion.

Overall CPO: in the near term it’s the most resilient direction. Today it also resonates with the index again. But internally, sub-sectors are in a rotation state. Pay attention to internal rotation and the potential “high-to-low switching” expectations.

2、PCB-related, sub-sectors: CCL, equipment, high-speed boards, copper foil, electronic cloth, etc.
Overseas anchor: TTM Technologies.
Big caps: Shenghong Technology, Hubei Dian Dian—both perform well intraday.
CCL: benefits from price increases; the next quarterly report will validate the quality in terms of the “realness.”
Just started; no clear leader yet.
Jingan Guoji, Nanya New Materials, Shengyi Technology, Jinlu Electronics, Huazheng New Materials, etc.
The whole industrial chain is Jingan Guoji, mainly mid-to-low-end. 2026 performance is expected to be 1.2–1.5 billion. The market is trading the explosive Q1 expectation.
Nanya New Materials focuses on mid-to-high-end. It “cuts one arm” by selling down; the previous round’s leader might be switched out this time.
Shengyi Technology is more of the JG “mid-plate” role.
Other names have more random elasticity.

Equipment: PCB companies’ capacity expansion demand stimulates equipment expectations.
Han’s Group Numerical Control, Dingtai High-Tech, Core-Quant Micro, etc.

High-speed boards: Broadcom issues remarks that global high-speed board demand is tight.
Shenghong Technology, Hubei Dian Dian, Shenzhen Nan Circuit, Shiyun Electric, Suxingxing, Benwan Smart, etc.
The concept just started heating up: four big caps + two elastic names. Intraday Benwan Smart hits a new high.

Copper foil: July’s progress in the industrial chain is about mass production expectations.
Longyang Electronics, Copper Crown Copper Foil, Defore Technology.

Electronic cloth:
Leader: Lite Optoelectronics.
Next: Honghe Technology, Feilihua, China National Building Materials, International Building Materials, etc.

Resins:
Dongcai Technology, Shengquan Shares, Hongchang Technology, Tongyu New Materials, etc.

Overall PCB: intraday it’s stronger than CPO. Compared with CPO—which has been traded for longer—there’s an expectation of follow-up replenishment with a relative gap.

Other hardware:
Liquid cooling: Qiangrui Technology continues to lead. When the leader leads without ability, the sector’s internal performance becomes relatively randomized too.
Hardware big-cap phase stabilization action: Yizhongtian was previously steadily resisting pullbacks and oscillating. Ongoing heavy selling is from Industrial 富联, Shenghong Technology, and INVIDIA Invicta, etc. These three have recently been stabilizing one after another. From this perspective, in the whole AI hardware direction, big caps have basically finished stabilizing. After that, with big-cap support, the “big funds” doing big trades and small funds each will show their own skills.

Overall hardware: after a high open in the morning, there were clear profit-taking/execution moments. At that time, the market mainly pushed for oversold rebound. The previously strong directions faced pressure. Then, after Yizhongtian’s long-awaited linkage stimulation triggered differentiation in the sector, it quickly flowed back. Funds chose PCB direction as the main thrust because it had less resistance. CPO played a supporting role. Liquid cooling and other sub-sectors also responded quickly and followed. Ultimately, the index resonance was completed intraday. For sub-sectors that weakened intraday, there’s another opportunity tomorrow. For M shares tonight, expectations for repair and strengthening are coming. Tomorrow, if the high-level weakened sub-sectors still can’t strengthen, you need to watch for potential high-to-low switching risks.

II. Chip-related. Memory + equipment.
Semiconductor equipment led: Yaxiang Integration. Cleanroom benefited. After pulling back to the 20-day line, it strengthened again intraday. Based on earnings expectations, it still looks undervalued. The key point is whether it can get another leg higher afterward.
Memory:
Leader: Demingli, Arbor Memory—intraday performance is average.
But the low-position replenishment shows more active behavior. Within memory, the high-to-low rotation and replenishment dynamics are quite obvious.
On the chip side, Cambricon benefited from rumors of ByteDance and Alibaba placing orders, and it has kept strengthening. Hygon Information, Chip Innovation, and others also followed along, “smelling the soup.”

III. AI domestic supply chain, computing power + applications + Ascend.
1、Computing power:
Main force trend leader: Hongjing Technology, Litong Electronics. These are “bottom-blanket” representatives in computing power leasing sub-sector. If neither shows performance later, then funds probably won’t believe in computing power leasing earnings anymore. Both performed well intraday.
Computing power JG logic stock: Xiechuang Data—right now it’s going all-in in computing power. The next direct anchor for the upside earnings cap is it.
Phase sentiment leader: Meili Yun—Aored—Zhong An Ke, as well as the intraday one-board PK for tomorrow’s 1-to-2.
20-centimeter: Pingzhi Information.
CDN: Wangsu Technology; next are Qingyun Technology, UCloud, etc.
IDC: Runze Technology, Weida Technology, etc.
Cloud computing: CSM New Network.
LPU: Yuntian Lafei.
As for computing power in stages: since the “space/aviation” period and through the application era, it has been a long grind—survived the space/aviation cycle, survived the application cycle, survived the power cycle. At the moment when power is about to be “cut,” the funds that were trading power while also competing for power with space/aviation, plus lithium batteries and pharmaceuticals eyeing it. Ultimately, pharmaceuticals beat lithium batteries in the PK; space/aviation beat computing power. Then it became “Rise in Science and Tech + Shenjian Shares” for a dual-head setup, and today pharmaceuticals also meets differentiation.
Finally, the opportunity finally gets “locked in” (the things that should be strong are already strong). Computing power finally feels: “This time it’s my turn!” So today, in coordination with the broader market repair, the overall intraday exploded into a long-awaited climax. This direction’s trading is trend + sentiment running in parallel. It demands extremely tough conditions for the broader market. Trend keeps crossing through, while sentiment-flow is like tides—rising and falling in succession.
The biggest commonality with applications: as long as the market has a direction, it also has a “exclusive-idea” for it. From the time the space/aviation started last year to now, it has been like that.

2、Applications
20-centimeter: Blue Focus.
Sentiment leader: Guangdong Media + tomorrow’s 1-to-2 PK.
More of a paired trade with a tilt toward computing power; the second-tier is how you view it.

3、Ascend.
Most are overlays: CPO’s second-tier + the 950 industry chain + Cambricon and the chip area, etc. Concepts are invincible. The pain point is the huge 950 shipment volume—where did the earnings go? (Stock market mystery—unsolved riddle)

Overall, for the domestic AI chain: the trend in computing power continues to cross through. Most other parts show more random behavior. To put it bluntly, the future direction and trading continuity of the next moves of Hongjing + Litong + Xiechuang directly decide the persistence of the directional trade. The sentiment anchor determines the strength of the sector.

IV. Pharmaceuticals-related.
High-level leaders: Menovo, Wanbangde, Jinzhou Pharmaceutical, Jiu’an Medical.
Menovo: supported by premium from the Xin席位; intraday it hits a one-word board.
Wanbangde: after pulling back to the seven-day line, it crosses above the five-day line again intraday.
Jinzhou Pharmaceutical: after breaking above the deviation value yesterday, it cut off the consecutive board today.
Jiu’an Medical: in a five-day-line trend, overlaying the AI application concept. Its move is relatively independent; up/down in pharmaceuticals related has basically no impact.
Sector-board leader: Haitaixin Guang; five-day-line trend; approaching the deviation value.
Mid-cap: Yaoming Kangde.
Overall, the direction is 324 resonating with the index. Earlier, it PK’d against the same-resonance lithium battery and won through it. From then until now, dynamically there’s a see-saw action with tech. Logically, it rides on “going overseas,” and there’s an expectation to keep crossing through. In past years, April was also a major trend行情 that ran together with hardware.

V. Summary:
Overall, the market saw a massive volume rebound, and strong counter-moves have been showing up one after another.
If this rebound doesn’t have a further reversal action like a “te-te” move, then it’s something you can watch for continued follow-through.
That’s roughly it. Wishing everyone can grasp the current market well.

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Everything above is some personal logic; it may not apply to everyone. But at least this is how I use it right now. If you think something doesn’t look right, just swipe past it. Don’t take it the wrong way with harsh words. If it helps you, I’m genuinely glad.
The bull in A-shares has always been there—it’s just that it weaves through individual stocks. The bull is in the individual stocks, not the index. If you can catch the bull stock, you are in a bull market. If you can’t, even if the index rises to the sky, where you are remains a bear market.
Statement: The above reviews and the post and discussion in the comments section are only for entertainment and reference; they are not meant to be the only source, and absolutely not any investment basis. Do not trade based on this. There are risks in the stock market; investing requires caution. Please remember: there is no stock market god in A-shares!
Note: The stocks mentioned in the text and the stocks under #￥ do not represent the ones I hold or like. Don’t blindly follow.
Sharing is also a kind of happiness. In the text there is jade like beauty; in the text there is a house full of gold.
I hope all readers can gain some “fish” from the text.

Statement: This article only records my own operations. Investing involves risk; trading requires caution. Plans will never keep up with changes—everything follows the order flow of the market. The content of the article is my personal thoughts and records, as my way of understanding the market, only for personal sharing and recording, and does not constitute any investment advice. For reference only. If you trade based on it, profit or loss is your own responsibility.

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