Hexun Investment Advisor Li Cong: Do not blindly take the lead at the end of the trading session

On March 27, HeXun investment consultant Li Cong stated that the market is showing a simple flat and low-volume trend, with over 4,000 stocks experiencing a widespread rebound like “a general distribution of rainfall.” The Shanghai Composite Index is approaching the gap position again. If it continues to rebound next week without volume, it may struggle to sustain the buying pressure from these 4,000 stocks, and the scenario is likely to be similar to the past few days; however, if there is increased volume, the situation would be different. Therefore, with today’s bidding insufficient at 3 billion and the three major indexes at the bottom of the range, the market seems to be waiting for a rebound. Looking at the close, despite over 4,000 stocks rebounding under low volume, the index lacks upward space. In this case, it is not advisable to blindly take the initiative at the close; for those “scrappy” stocks that have rebounded significantly within the day but have not reached new highs, it is recommended to realize profits in a timely manner.

(Author: Zhao Yanping HF094)

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