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Hexun Investment Advisor Li Yongxi: Is the Crash Over? Taking Off This Afternoon?
Why did the market crash this morning? Can the afternoon rally push back to the 3900-point resistance level?
This morning’s sharp decline was unexpected; I didn’t anticipate the main players to be so aggressive, directly squeezing out retail investors and dropping sharply with low volume. However, after 10:30, the market started to recover, indicating that the main players had once again taken advantage of retail investors’ losses in the early session.
Today’s main point: aim to break through 3900 points. If it doesn’t reach 3900, it shows the recovery is weak, and it may take 2 to 3 days of continuous recovery. If it immediately returns to 3900, we need to observe whether retail investors are chasing the rally. If chasing occurs, timely profit-taking and buying the dips are advised.
(Editor: Zhang Yan)
【Disclaimer】This article only reflects the author’s personal views and is not related to Hexun.com. Hexun.com remains neutral regarding the statements and opinions in this article and does not guarantee the accuracy, reliability, or completeness of the content. Readers should use it as a reference and bear all responsibilities themselves. Email: news_center@staff.hexun.com