Hexun Investment Advisor Chen Mantang: Consolidation with reduced volume, look for a rebound, be patient and hold this week.

On April 7, Hexun Investment Advisor Chen Mantang analyzed that at this point in the overall market, the rebound target is just under 4000 points, and for the time being, do not consider cutting any positions or doing any “sell-to-trade” (做t). Just hold on to it for now.

Let’s talk about a few things. First, today’s overall market is a small bullish candle with shrinking volume and a doji. This shrinking volume is the lowest trading volume since the beginning of this year. The STAR Market 50 Index has already been in shrinking volume for three consecutive days. At this level, there is a rebound structure. Of course, any rebound and rally upward will be on low volume. Today’s rebound momentum is decent. After we finish watching this week, we can talk again.

Second, many sectors have been drifting lower for more than a month. On the weekly level, they have basically formed more than five consecutive bullish weekly candles. We need to string together weekly-level bullish candles.

Third, at this point, the overall position size is around 70% of one’s allocation. For now, it’s not doing anything complicated—just hold. It’s very simple: since everyone is stuck in the positions, you can’t do much “t” out of them. So for now, just bear it and don’t move.

For the short term, the market’s minor pressure is still seen around 3925. If tomorrow we can hold steady above the 3900 integer level, that would be enough. So, in other words, hold on for a surge.

（责任编辑：王刚 HF004）

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