He Xun Investment Advisor Lu Runkai: The market is expected to see a low point in the first half of next week, after which institutions may begin to take action

On March 21, Hexun Investment Advisor Lu Runkai stated that tonight’s U.S. stocks fell sharply, gold prices also declined continuously and have not stopped so far, and Chinese concept stocks also experienced adjustments. However, he believes that the current external market situation is actually good for A-shares. Currently, the main forces in A-shares have been waiting for market panic to appear. If investors do not panic, the main funds are unwilling to enter the market, and brokerages may have a negative effect, continuously suppressing the market. After this period of continuous decline, there are signs of some emotional release in the market by Friday’s close. If the market further declines at Monday’s open, a downward structure will form, so a gap up is not necessarily a good thing. Looking back over the past month, every time there was a gap up, the final close was not favorable. Therefore, he believes that in the first half of next week, the market is likely to hit a bottom, after which institutions may start to act, which could be a better investment opportunity next week.

(Chief Editor: Cui Chen HX015)

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