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Hexun Investment Advisor Li Xuehuan: Rebound Tomorrow
Does this kind of dilemma mean that there are no opportunities in the market? Li Xuehua, a financial advisor at Hexun, doesn’t think so. First, let’s look at the indices. Today, the three major indices all experienced varying degrees of sharp declines during trading, but by the afternoon, they all recovered somewhat. Although they didn’t turn positive, we can see that the market is resilient. That is, after the declines today, they still remain above the moving average system, meaning their short-term trend has not turned bad. Next, let’s look at the trading volume. Today, the volume was reduced to around 60 billion yuan, not a significant decrease, but we need to note that during the sharp declines, the trading volume did not increase. This indicates that there was no panic selling at this level, especially among the main funds. Since the major players haven’t exited, what are we afraid of at this point? So, everyone might as well hold on a bit longer. A rebound and recovery are likely to happen soon.