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Be optimistic, is 3794 this year's low point?
Good morning, teachers [Taogu Ba]
After the three-day decline, the index rebounded in sync with the foreign markets. It opened high, then dropped before rallying at the close. Trading volume shrank to around 2 trillion yuan. For now, we’ll watch for a rebound, but there may be a secondary pullback later. Sentiment-wise, the 5,000 red stocks mostly rebounded, with micro-cap stocks showing greater elasticity. However, the market still rotated in rebounds. In the morning, renewable energy was the strongest, followed by lithium batteries, optical communications, and storage in the afternoon. The expected rotation will continue in these sectors. After the intraday rebound, there may be a surge followed by a pullback in the next day or two. Watch the strong stocks over these days and look for opportunities during the secondary pullback.
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