Serenity stated on the X platform that technical analysis is a combination of confirmatory bias and market psychology, rather than the core factor determining prices. The approximately 1900% increase in SIVE is due to the repricing of future revenue expectations related to JBL and GFS; AXTI's increase of approximately 8000% is related to the demand for indium phosphide substrates, photonics, and export controls. Technical analysis reflects the psychological expectations of market participants, and the factors that determine stock price trends include industry theme linkage, changes in profit expectations, macro environment, financial performance, and liquidity structure. Fundamental factors and capital structure should determine the long-term space of stocks.
