Hexun Investment Advisor Li Yongxi: The index will launch an attack toward 3990 points, and a hundred-point long rally is worth looking forward to.

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On April 1, Hexun Investment Advisory Li Yongxi said that whether the afternoon will deliver a “hundred-point long yang” session hinges on whether it can break through the 3,955 level. After a breakout, the market may be smooth sailing. Remember, in my live stream yesterday I mentioned 3,908 as an important level; over the last 2 to 3 points, price action was influenced by margin financing. Today’s early trading opened directly higher. Friends who added to their positions yesterday should already be in profit.

So why not rush to sell in the morning? Think about it: after the market gaps higher, retail investors’ first reaction is usually to sell first and then buy back at the lows. Meanwhile, the main players are exactly holding and accumulating near the high-level candlestick area. After all, selling at this time is essentially high-offload; those chips that are bought back at lower prices are difficult to make money from. So everyone, don’t act impulsively.

At present, the gap at 3,955 has not been effectively broken through. Only by breaking this gap will the trend be unimpeded. Why hasn’t it broken through yet? One is that trading volume hasn’t been released to the extreme. Two is that retail investors’ high-offload sentiment hasn’t reached its peak, so the market is showing sideways consolidation and oscillation. However, in the afternoon, 3,955 will most likely be broken. The index will launch an attack toward 3,990, and a hundred-point long yang is worth期待.

(责任编辑:Cui Chen HX015)

     【Disclaimer】This article only represents the author’s personal views and is not related to Hexun. Hexun’s website maintains a neutral stance toward the statements, viewpoints, and judgments made in the text, and provides no explicit or implied guarantee regarding the accuracy, reliability, or completeness of the content contained therein. Readers are requested to use it only as reference and assume all responsibility themselves. Email: news_center@staff.hexun.com

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