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Hexun Investment Advisor Liu Jinsuo: Wait Patiently for a Rebound!
All indices have stabilized after a decline, with over 5,000 individual stocks rising. Although most stocks are not rising significantly now, the downward trend has basically ended. According to Liu Jinshuo from Hexun Investment Advisory, in the short term, whether looking at individual stocks or indices, the market will enter a recovery phase. This confirms that yesterday’s accelerated bottoming process has taken hold. However, everyone should not be overly optimistic.
In the short term, after a rebound, focus on whether the gaps in the indices can be filled. If your stocks also have gaps, pay attention to whether these gaps can be closed. Also, check if the large bearish candle from yesterday has been absorbed. If it is absorbed over the next 2-3 trading days and then the market pulls back, it could signal a relatively safe double bottom entry point. So, in the short term, everyone should patiently wait for the market to recover upward.
(Edited by: Wang Gang HF004)
【Disclaimer】This article only reflects the author’s personal views and has no relation to Hexun. Hexun maintains neutrality regarding the statements and opinions in this article and does not guarantee the accuracy, reliability, or completeness of the content. Readers should only use it as a reference and bear all responsibilities themselves. Email: news_center@staff.hexun.com