Some people had been profitable for a long time, but a single loss wiped out all their gains. Others, after enduring losses for an extended period, managed to earn it all back in one swift move. In the current market, many individual stocks are writing the latter story.
On November 10, major indices oscillated but closed higher, driven by favorable policy-bottom developments and a surge in overseas technology stocks. Many may still wonder — has the market bottom finally arrived? For some, this may no longer be the focus, because as sentiment gradually warms up, the opportunity for "greed" on individual stocks has already arrived. A wave of stocks including Fulai New Materials, Xiangyang Bearing, Lamei Pharmaceutical, Mango Excellent Media, and Bingshan Refrigeration have all been staging short-term doubling rallies. Will the next one appear? And who will it be?
Identifying the Low-Point Launch of Big Winners Through Doubling Stocks Fulai New Materials and Delta Electronics
There is a rule in the market — "extremely low volume signals extremely low prices." When trading volume shrinks to an extreme and prices fall to a certain low level, there is a possibility that "the decline is nearing its end and a reversal may be coming." On November 9, trading volume contracted to a relative low of 1.49 trillion yuan. Some say this could be a signal that a turning point is approaching. Objectively speaking, extremely low volume and extremely low prices are characteristics of a bottom zone, not an absolute measure of "an imminent rebound," and multi-angle comparative observation is still needed. But overall, the market is now much better than before, and opportunities have increased considerably.
The November 10 session opened high and moved lower, but saw strong pullbacks during intraday trading. Behind this was the support of multiple positive factors, such as on the market side — overnight U.S. technology stocks staged a major rebound, the Nasdaq recovered, and AMD, Western Digital, Corning, and others surged, lifting A-share sentiment. The excess opportunities in A-shares are not obvious from the index alone, but when broken down, the picture is different. Some funds are no longer waiting for the index to confirm a reversal and have begun increasing their positions in individual stocks.
The current individual stock market has two relatively obvious styles. One is oversold rebounds, such as Biaobang Co Ltd and Eastern Communications Co Ltd — these stocks continue their counterattack after breaking through at low levels. The other is right-side breakout trends, where funds relay to push prices higher. There are quite a few of these stocks, some even achieving doubling rallies. The author has compiled some recent doubling stocks (including but not limited to), such as Fulai New Materials (605488), Xiangyang Bearing, and Huashi Technology, all of which met this criterion (see attached table).
Looking closely at this list, there are several commonalities behind their doubling rallies — small-to-mid market cap + concept support + launch after an oversold decline. The main lines or concepts involved include humanoid robots, AI applications, and the hard-tech industry chain. During the 17 trading days from October 19 to November 10, Fulai New Materials surged 123.74%. On November 10, just 2 minutes after the opening, it was pushed to the daily limit by a hundred-million-yuan buy order, hitting a new high (see Figure 1). Behind the continuous accumulation by funds, it may be related to Fulai New Materials's positioning in the humanoid robot sector, as its business involves humanoid robot electronic skin, namely flexible sensors.
Delta Electronics had a longer rebound cycle. Its stock price established a turning point in late August and has since surged 120% cumulatively, confirming a right-side breakout (see Figure 2). Delta Electronics's business involves solid-state batteries, with downstream applications including humanoid robots.
AI Theme Branches Out Across Multiple Lines: The Trend Behind Shanghai Film's Doubling Rally
Although the AI hardware main line faces significant divergence, the AI theme's rally has not "gone out." Two directions of trends are growing stronger — physical AI represented by humanoid robots, and AI applications represented by AI short dramas and film/television. The doubling rallies of Fulai New Materials, Shanghai Film, and Mango Excellent Media in the above table already reflect the sector's heat.
Next comes a question many people care about — can they continue? From stock price performance, short-term overextension has already appeared in some stocks, but from industry drivers and fundamental logic, there still seem to be many opportunities to explore. For humanoid robots, there have been many favorable developments recently on both the policy and industry sides. For example, Unitree Technology recently released the humanoid robot "H2-X" with approximately 8 hours of standing endurance, and overseas Tesla announced it has started early mass production of the humanoid robot Optimus, expected to begin delivering to external customers around the end of 2027.
Beyond humanoid robots, AI short dramas are a theme in the AI sector that combines both alpha and beta opportunities. For this sector, the market previously treated it more as concept speculation, but with the continued rise of sector and leading stock prices, favorable policy support, and the growing popularity of related AI short dramas, the market's attention to this sector has further increased. AI short dramas are a typical incremental sector, but "the industry making money" and "companies making money" are two different things. Midstream producers, IP holders, and platform operators are seeing dividends redistributed under the dynamics of "input and output."
From the main directions, the following areas are showing new opportunities — IP copyright and content sources; platforms and distribution channels (such as Mango Excellent Media); content production and AI tools (such as Shanghai Film). In the market, although some AI sectors continue to rotate and rise repeatedly, some people are still concerned about how upcoming "uncertainty" factors will affect the AI rally.
Recent data shows that U.S. October non-farm payrolls rose by 165,000 on a seasonally adjusted basis (see Figure 3), and the October unemployment rate fell to 4.1%. After the data release, traders increased their bets on a Federal Reserve rate hike in December. Market expectations for the Fed's next rate hike are increasing, but confirmation from October CPI and PPI data is still needed. These two data points will be released on the evenings of November 10 and November 13 Beijing time, respectively.
Regarding the long-term opportunities for technology stocks, some leading institutions hold optimistic views. CITIC Securities stated that although factors such as controversy over AI investment returns, high interest rates and the financing environment, and trading crowding are suppressing technology stock valuations, ChiNext valuations have already returned to the low levels seen during the 2017-2018 and 2023-2024 previous Fed rate hike cycles. If events such as a reversal in rate hike expectations in 2027, declining financing costs, breakthroughs in model capabilities, and the next round of ARR driven by new applications occur, A-share technology sectors will have tremendous recovery elasticity.
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