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Hexun Investment Advisor Xu Xin: Wait until Saturday's news is implemented to form a 60-minute double bottom structure.
On March 27, Hexun Advisor Xu Xin stated that he made a prediction about the market trend for the afternoon on March 27 in advance. Today, the market index reached a low of 3852 points, while the support level given in yesterday’s video was around 3855 - 3857 points on the 30-minute scale. This morning, the market opened directly at the support level with a significant gap down due to poor sentiment in the external markets, and as mentioned yesterday, there was a “fatal blow” factor. However, good news surfaced during the trading session; shipping in the Strait of Hormuz transitioned from being stationary to active, and new warehouse tasks began to be assigned. After receiving this news, the market gradually warmed up, and the Asia-Pacific market also showed some recovery, leading to a decline in the oil index. If the afternoon market can effectively break through the 30-day moving average on the 15-minute scale, which is at the 3905 point level, it could challenge yesterday’s high point and even impact some gap levels. However, with the uncertainty of news over the weekend, this is not the time for an all-out offensive, and one should maintain a small position. Volume needs to increase in the afternoon; the morning’s volume was 86.3 billion, and if it cannot increase, caution should still be exercised. Wait for the news over the weekend to land, forming a double bottom structure on the 60-minute scale, and only after a volume breakout near 3940 points can an effective advance to around 3990 points occur, making the market relatively certain at that time.
(Author: Cui Chen HX015)
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