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Hexun Investment Advisor Liu Weiqi: The A-share index rebound in early trading failed to hold, with weakness at the close. Does this reflect insufficient short-term momentum?
On March 17th, Huaxun Investment Advisor Liu Weiqi analyzed after the market close that the first hour of trading this morning performed very well, and the Shanghai Composite Index formed a 60-minute bullish divergence, which is a bullish signal. However, the good trend did not last long; in the afternoon, the market continued to decline, with the number of stocks falling more than 5% significantly increasing. The 60-minute stagnation pattern disappeared, indicating a potential increase in risk. Investors should be aware of the increased risk.
(Edited by: Wang Gang HF004)
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