This one deserves a breakdown～ The first point for reducing positions was set on July 1st with the strategy of 'overall reduction, weak trends sell directly, strong trends hold (hold a portion).' However, this wasn’t part of the right shoulder but rather a precaution against high-level sentiment cooling off. The second point was a classic technical right shoulder—rebound failing to surpass the previous high and continuing downward. Of course, relying solely on this indicator carries the risk of selling too early. But coincidentally, this technical indicator appeared on the 9th, aligning with the sentiment-based strategy of selling during a high opening. After that, Feng Ge almost went all-in, providing another sell signal. The last selling opportunity was the false support signal on July 14th. Those who held at this point probably wouldn’t sell, and might even try to buy the dip expecting a rebound—only to get crushed by the earnings forecast on the evening of July 14th (far below market expectations). This is what’s referred to as the fundamentals not showing a right shoulder, but in reality, this wasn’t a complete fundamental picture. In fact, before the earnings forecast, the market already knew that one of their main profit sources was stockpiling and profiting from price hikes. However, the acceleration of price increases for storage products was slowing down, facing a trend of high-level speculative premium correction. Another key point is that the explosive performance of domestic company Zhaoyi Innovation was released after market hours on July 9th, followed by a direct drop. So, from a fundamental perspective, Demingli shouldn’t have waited for the earnings forecast to exit or gambled on it—at least exiting on the 10th would’ve been better. From multiple angles, there was no reason to get caught in the recent consecutive limit-downs.