Chen Weitai
[Foreign investment plays a key role in the counter-offensive]
This week, the Taipei stock market suddenly came back with a bullish carbine. The weighted index rose from a low of 13273 for 3 consecutive days, and the index attempted to deduct the 14000-point mark. There are two main reasons for such a rapid rise:
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U.S. stock market rebounds
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New Taiwan dollar rebounded
The above two events caused foreign capital to buy over the Taipei stock market for two consecutive days (10/4, 10/5), with a total of more than 11.1 billion yuan. Even the net open positions of futures have also increased from negative to positive. To 8149, it shows that the futures and the spot are simultaneously long.
Since foreign investment is the main buying order for the rebound of Taiwan stocks in this wave, the magnitude and strength of the weighted index’s rise is stronger than that of the counter index. Since foreign buying is the leading role, we should study to see which stocks have been bought by foreign investors in the past two days. As a reference for our future entry and exit, please see Attachment 1.
Table 1. Foreign investors have bought more than 5,000 individual stocks in the past 2 days
[Semiconductor, private financial control dual mainstream]
Attached table 1 shows that foreign investors have bought more than 5,000 individual stocks in the past 2 days, including electronics, finance, and inheritance, but it can be clearly seen that most of them are electronics and finance.
There are a total of 7 electronic stocks, and there are many semiconductor-related stocks, including: UMC (2303), TSMC (2330), Power Semiconductor (6770), and Nanya (2408). To be honest, although South Korea’s Samsung continues to say that its process is overtaking TSMC, and the United States’ Intel wants to restart the foundry business, the current foundry is not as easy as the mature processes of 18nm and other less difficult processes in the past. mass-produced in a short period of time. Therefore, wafer foundry companies such as TSMC, UMC, and NSMC will still be the first choice for foreign capital to make up for the first wave following the fall.
There are 6 financial stocks in total, and there are many stocks related to private financial holdings, such as: Development Gold (2883), Cathay Gold (2882), First Gold (2892), Yongfeng Gold (2890), CITIC Gold (2891). This is not the same as the situation of buying more than 5,000 bank stocks in the past two days. Only Taiwan Enterprise Bank (2834) has bought more than 5,000 bank stocks.
There are only 3 tranche stocks: Sinosteel (2002), Taiwan Glass (1802), Baoling Fujin (1760). The ethnicity is not high and can only be regarded as the performance of individual stocks.
[Short and long stocks of 7 foreign purchases, rising moving averages, and KD crossing]
If we simultaneously consider the stocks that are over-buying by foreign investors, and the short-term moving average has risen, and the stochastic indicator (KD) has a golden cross, there are the following files:
Table 2. Short-term multi-turn strong stocks bought by foreign investors, rising moving averages, and KD crossing
Attached table 2 is “short-term multi-turn strong stocks bought by foreign investors, rising moving averages, and KD crossing”. Among them, Acer (2353), Nanya (2408), Macronix (2337), Dacheng Steel (2027), Winbond (2344) with a price-earnings ratio of less than 10 times, indicating that these stocks have the opportunity to lead and fall to the bottom in the short term. And long-term investment value can be given priority. The daily K-line chart of these 5 stocks is attached later for your good friends’ reference. I wish you all a smooth operation.
Figure 1. Acer (2353)
Figure 2. Nanya Branch (2408)
Figure 3. Macronix (2337)
Figure 4. Winbond (2344)
Figure 5. Dacheng Steel (2027)
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Engaged in the financial and securities industry for nearly 20 years, qualified securities analyst, currently the chief investment officer of Zhongying Wealth, CMoney Quanyao Financial Consultant, financial editor, and lecturer of the Securities Foundation, Zhongzheng Community University and Star Cloud Academy, Yahoo wealth management column, business Special author of Zhou Fortune.com.
The investment mentality first focuses on the long-short cycle of the overall economy, and combines fundamental stock selection with technical operations; it is believed that “selecting the opportunity to enter the market” is the profit method of stock market investment. At present, there are 2 books: “Trust me, you can’t make enough money”, “Taiwan stock shareholders calendar”.