Hexun Information Li Guanqin: The sun is rising, has the reversal trend arrived?

The global market has collectively surged, with a rebound showing strong bullish candles after a month of continuous declines. So, for you, does this rally count as “getting back what was lost,” or is it that it turned profitable already today?

Wei Qianqin of Hexun Information said, first, we need to be clear about why such a rally happened, because since the March sell-off, it has mainly been driven by the impact of a “black swan” event—so people are hoping for gains. After the news came out, during the intraday trading the market saw a burst in volume, directly pushing to above 2.3 trillion. Whether there is a direction of one bullish day turning into three bullish days—almost all of it is an oversold bounce. Second, I’ve found that after the overall increase in volume today, the biggest share of turnover in the lead names is showing divergence with high-volume at elevated levels. In this round of rising, most of it is about “getting back” (recovering), and it hasn’t seen a true reversal. So next, everyone needs to follow the trend and take it one step at a time—will it hold out until tomorrow? Tomorrow will it be someone lifting it higher and striking hard, or a rally that peaks and then pulls back? Everything is still uncertain.

（责任编辑：Shaoxiaohui ）

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