Hexun Investment Advisor Wei Yugen: Can it still rise on Monday?

On March 27, Wei Yugen from Hexun Investment Advisory stated that while 5,000 stocks fell at the market opening, over 4,000 rose by the close. I wonder if everyone chose to buy the dip today or was washed out? Some say that a rise without volume is “playing tricks,” especially since the market shrank by nearly 100 billion today. However, I believe the opposite; I think that a rise without volume can actually sustain longer. The reasoning is simple: stocks that hit the limit up are usually without volume. Once a stock hits the limit up with increased volume and shows sell orders, it indicates that it is unlikely to continue hitting the limit up. Isn’t that the case? A rise without volume is actually quite healthy; if there is significant selling pressure and serious market divergence, then this upward movement will be hard to stabilize. Additionally, we need to pay attention to weekend news, hoping the situation does not escalate further. If we can get through smoothly, Monday should not have major issues. Tonight, U.S. stocks may rebound; currently, many tech stocks are rising in after-hours trading, and U.S. stock index futures have also increased by about 0.5%. Based on this, it is possible that the Nasdaq could open up 0.5% to 1% tonight. If U.S. stocks perform well tonight or even exceed expectations, it will add confidence to Monday’s A-shares.

(Author: Zhao Yanping HF094)

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