Hexun Investment Advisor Chen Mantang: Fill the gap, continue to be bullish, target 4000 points

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Today the broader market has filled the gap at 3955, and there has been some pullback. No worries—keep watching for upside. Remember, don’t consider reducing exposure until we break above 4000 points.

According to Hexun Investment Advisory Chen Mantang’s analysis: first, today the index’s rise is fairly reasonable. The average gain of individual stocks is around 2%. Today mainly saw the weight of different industries rising; the stocks themselves didn’t rise too aggressively. Don’t rush. First, focus on protecting the index. When the index rises to around 4000 points, it indicates that the overall uptrend for the bulls has restarted. At that time, sentiment will pick up, and only then will sectors and individual stocks have the opportunity to first protect the index. So everyone shouldn’t think about cutting losses on the stocks you hold—just hold on.

Second, at this point, our overall position control is around 70% exposure. Of course, some brothers in certain sectors are down quite a bit—about 15%—but at this position, if you’re thinking about adding to your position, don’t consider it yet. Wait until the market gives us a second wave of pullback starting around 4000 points, and then consider adding. This wave of上涨 is expected to move upward by about 10% in individual stocks. So for everyone whose unrealized loss is within 10 points, there’s a high probability that the situation can come back and you can hold through it. Keep looking higher tomorrow. This week, let’s see whether we can get to 4000 and stabilize.

(责任编辑: Wang Gang HF004)

     【Disclaimer】This article only represents the author’s personal views and is not related to Hexun. Hexun website maintains a neutral position regarding the statements and judgments in the text, and does not provide any express or implied guarantee regarding the accuracy, reliability, or completeness of the information contained herein. Readers are requested to treat this as reference only and bear all responsibility themselves. Email: news_center@staff.hexun.com
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