Good evening, brothers!
【ICBC's stock price outperforms Agricultural Bank!】
On August 6, Agricultural Bank closed up 1.22%, with the latest closing price at 6.62 yuan/share, setting a new historical high. The company's A-share market value rose to 2.11 trillion yuan. As of the latest closing, Agricultural Bank's A-share market value has surpassed that of ICBC, ranking first in A-shares, marking the first time in its history that it has claimed the title of A-share market value champion.
Agricultural Bank has pushed ICBC's stock price down, so which stock is more worth investing in now?
From the daily trading congestion perspective, Agricultural Bank's stock trading congestion is 87, while ICBC's is 72. It is clear that Agricultural Bank's stock price has a greater risk of market correction, while ICBC's stock price offers better value for money.
From the weekly trading congestion perspective, Agricultural Bank's stock trading congestion is 93, while ICBC's is 70. At the weekly level, ICBC still has a price advantage over Agricultural Bank.
In summary, in the future, ICBC's market value will still exceed that of Agricultural Bank!
……
The expectation of a Federal Reserve interest rate cut has significantly increased due to non-farm data, but the actual decline of the dollar is lower than expected. Nevertheless, the three major investment banks on Wall Street are collectively bearish on the dollar, believing its valuation is too high and the fundamentals are weak.
According to news from the Wind Trading Desk, Citigroup, Goldman Sachs, and Morgan Stanley recently published research reports, stating that from a multi-dimensional analysis of valuation, trade deficits, and interest rate spreads, the long-term logic for the dollar's decline remains valid, and there is still significant shorting space for dollar positions. After last week's non-farm data, the dollar's downward momentum was suppressed due to pressure on risk currencies and the weakness of certain currencies, and it did not fully release immediately.
Private group perfectly profited:
BTC: From the 4-hour level, the price continues to oscillate near the middle track of the Bollinger Bands, with a generally average price trend.
Daily
From the daily level, the price continues to be constrained by multiple moving averages.
In summary, support level at 114,000, resistance level at 114,300.
ETH: From the 4-hour level, the price continues to stay above the middle track of the Bollinger Bands, with a still healthy price trend, support level at 3,610, resistance level at 3,640.
LTC: The price continues to oscillate near the middle track of the Bollinger Bands, with a generally average price trend, support level at 114, resistance level at 118.
BCH: The price continues to stay above the middle track of the Bollinger Bands, with a still healthy price trend, support level at 550, resistance level at 570.
That's all for now, good night!
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