Hexun Investment Advisor Xu Xin: Both the ChiNext Index and the Shenzhen Component Index are in a breakdown state. Caution is needed as these sectors may continue to adjust.

SadMoneyMeow · 2026-04-03T22:13:48+00:00

Hexun Investment Advisor Xu Xin stated that he would clarify the market trend on the afternoon of April 3 in advance, and he warned in yesterday's video to be cautious about the formation of a bearish cannon pattern today. Once the 3900-point psychological level is broken, the market will directly decline to test the support near the 3881 level. This morning's low has already reached 3888.2. If the 3881 level cannot be maintained in the afternoon, the market is very likely, as mentioned in yesterday's video, to challenge the support around 3850.In the technology sector, the CPU was somewhat boosted by the overnight US stock market gains, but the ChiNext Index and the Shenzhen Component Index are currently both in a breakdown state, so caution is needed as these sectors may continue to adjust. After two consecutive days of market sentiment at a low point, yesterday's close saw 4,578 stocks decline, and today during trading, another 4,700 stocks declined again. With main funds being cautious and defensive at this moment, do not act impulsively and be sure to control your positions. From March to April, when the market truly reverses and enters a main upward wave, I will definitely release a video.

SadMoneyMeow

2026-04-03 22:13:48

Hexun Investment Advisor Xu Xin said that he would explain in advance the intraday market action for the afternoon of April 3. In a video reminder yesterday, he mentioned that investors should be careful that a bearish cannonball pattern could form today. Once the 3,900-point psychological integer level is broken to the downside, the broader market will directly decline to probe and test the vicinity of the 3,881 area, where there is a chip/support level. The lowest point this morning has already reached 3,888.2. If the 3,881 area still cannot hold in the afternoon, the broader market is very likely, as stated in the viewpoint from yesterday’s video, to challenge the support near 3,850.

As for the technology sector, the CPU segment has been somewhat supported by overnight gains in U.S. stocks, but the ChiNext Index and the Shenzhen Component Index are both currently in a breakdown state. Investors should be on alert for continued pullbacks in these sectors. With market sentiment at a frozen point for two consecutive days—yesterday’s close saw 4,578 stocks undergoing adjustments, and today during trading another 4,700 stocks again showed adjustments—when major funds are relatively cautious and defensive, you must absolutely not act impulsively. Be sure to control your position size properly. From March to April, when the market truly reverses and begins the main uptrend, I will definitely post a video to remind investors. Before that, you must focus on defense. When it is time to attack, I will also provide timely reminders—so you should definitely keep an eye on the relevant developments.

(Editor: Cui Chen HX015)

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