Brokerages can continue to rise, especially breaking through the strong resistance level of 908, which ultimately depends on changes in three key factors.

First is the shift in driving force — transitioning from earnings recovery driven growth to sustained incremental capital inflows and policy support. Currently, the fundamentals of brokerages are actually quite solid, with active market trading and significant year-over-year growth in average daily trading volume, which is no problem.

Second, look at valuations. Current brokerage valuations still have advantages, with sufficient safety margins and ample room for recovery. Low valuations themselves are a reason to attract capital.

The third factor is more critical — institutions are still in an underweight position. Once capital starts to increase allocations, the resulting incremental buying could be quite substantial, which is the true driver of the rally.

You need to have reasonable expectations for the subsequent trend. As long as it can return to the 876-908 range, that would be considered passing. This period may involve some fluctuations, and after completing the accumulation phase, the uptrend will be more solid. The key is to watch the support strength at 888 and 881.