Hexun Investment Advisor Li Guanqin: Across-the-board Rally, Opportunity or Risk at Close?

On March 24th, Li Guanqin from Hexun Investment Advisory stated that recently, market movements have been unpredictable due to confusing news. The major index dropped 3% yesterday, but today it rose with a volume of 340 billion yuan, leading to a broad increase in individual stocks. However, stocks that fell 7% or 8% yesterday mostly only gained 1 to 2 points today. This indicates that such a rebound or bottoming out is not an effective way to halt declines for either individual stocks or the index. In this situation, it’s advisable to observe more during the late trading session today. From a capital attitude perspective, the short-term market is likely to continue testing lows to find a true bottom. Market sentiment warmed up today mainly for two reasons: first, previous overselling; second, external markets rose yesterday due to news stimuli. It would be unreasonable for the market not to rebound after such a move. Hopefully, everyone can patiently wait for confirmation of the true bottom, as this is the entry point for swing and medium- to long-term investors. For short-term trading, it is only recommended to observe more during the late session today.