After 9: 20, the bid went up and was smashed, indicating that the selling pressure was heavy. It also depends on the degree of being smashed. But these can only be used as reference. Different positions of stock prices may have different meanings.
Bidding refers to the time specified by the exchange (09: 15 ~ 09: 25 for stocks, 08: 55 ~ 08: 59 for commodity futures and 09: 10 ~ 09: 14 for stock index futures), in which all investors' orders or commissions are entered into the quotation system by computer. Next, the exchange determines the matching transaction price and volume according to certain rules during the matching transaction time (stock 09: 25 ~ 09: 30, commodity futures 08: 59 ~ 09: 00, stock index futures 09: 14 ~ 09: 15). Finally, every stock or futures contract will take the trading price set by the exchange as the opening price of the stock, and at the same time, at this price, the list that can be closed can be matched to the maximum extent.
Generally speaking, the closing principle of continuous bidding is: the first price takes precedence, and the second price takes precedence. In call auction, the trading principle is: the top 10% of the shares with the largest trading volume are given priority, the second price is given priority, and the third time is given priority. To put it simply, bidding auction "offers first, then matches, then closes", while continuous bidding is "offers, matches and closes".
The significance of call auction daily limit test;
First of all, it seems that the stock has been suspended from trading, but many retail investors are not aware of this. At this point, the main trading test is conducted five minutes before the bidding, with the purpose of luring retail investors and allowing unsuspecting retail investors to bid at the bidding time or after the opening.
Second, the stock price rises in the short term, or induces more shipments after the hot money transaction. After the hot money pushed up the share price slightly, it began to test the daily limit, and then the share price continued to rise. At this point, the stock was called to bid to catch up, the main stock canceled orders, and retail investors chased up. The stock opened up sharply, and the main force began to take the opportunity to ship.
Can I buy stocks in call auction daily limit test?
Call auction's daily limit test stocks may not be available, and it needs to be analyzed in combination with the actual situation. For example, if individual investors buy more and the disk is unstable, the main force will sell some stocks and wash the dishes at the daily limit. The stock may be adjusted for some time. Investors mainly wait and see, and can wait until the end of washing dishes, which can reduce losses; If the disk is relatively stable, the stock price may continue to rise, and investors can buy it.