Hexun Investment Advisor Li Guanqin: Across-the-Board Rally, End-of-Day Opportunity or Risk?

On March 24th, Li Guanqin from Hexun Investment Advisory stated that recent market movements have been unpredictable. The stock market dropped 3% yesterday, but today saw a volume of 340 billion yuan in gains, leading to an overall rise in individual stocks. However, stocks that fell 7% or 8% yesterday mostly only gained 1 to 2 points today. This indicates that such rebounds or bottoming out are not effective in stopping declines for individual stocks or the index. In this situation, it’s advisable to observe more during the late trading session today. From a capital attitude perspective, the short-term market is likely to continue testing lows to find a true bottom. Market sentiment warmed up today mainly for two reasons: first, previous overselling; second, external markets rose yesterday due to news stimuli. If the market doesn’t rebound, it would be unreasonable. We hope everyone patiently waits for confirmation of a true bottom, as this is an entry opportunity for swing and medium- to long-term investors. For short-term trading, it’s also recommended to watch more during the late session today.

(Edited by: Zhao Yanping HF094)

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