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Hexun Investment Advisor Li Yongxi: 3.23 A-share Midday Review! Closing above 3950 in the afternoon!
Are there still sell-offs today? Can today’s closing price stay above 3950?
In my live broadcast this morning, I emphasized that there will first be retail panic selling. Because on Saturday and Sunday, there were too many negative news, and investors are very scared. Early in the morning, there was a sell-off, with the lowest point reaching 3866. Will there be more sell-offs during today’s session? I believe so. Why do I say that? Because during this morning’s trading, the main funds’ inflow was clearly insufficient, and the selling pressure was not strong enough. This could trigger a second wave of panic selling, forcing retail investors to cut losses again, achieving the main goal, which would then lead to a genuine, strong upward rally.
Why do I believe today’s close will be above 3950? To make those who cut losses regret again, and after a series of positive candles in the future, to encourage them to chase the rally and buy back. This level is essentially the main force’s profit margin. Remember, don’t rush into trading at the open; observe more and don’t act hastily. Wait until the line moves straight upward and the main funds arrive, then you can join in and enjoy the gains.