Hexun Investment Advisor Liu Weiqi: Micro-cap stocks perform outstandingly and may indicate a small-scale low point

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On March 24, Hexun Investment Advisor Liu Weiqi stated that there was a significant rebound in the market that day, but the actual trend was quite hesitant. Although the market improved throughout the afternoon, it was mainly driven by small-cap stocks performing well, while other sectors remained flat. Most sectors were in their first day of a short-term rebound from a bearish trend. Based on the nature of the rebound, it is most likely a four-wave rebound on the 60-minute chart, not a major bottom, as it lacks the characteristics of a large-scale low point. Tomorrow, the Shanghai Composite Index is expected to show a low point in the daily sequence at 9. If there is a pullback during the trading day, that level might be relatively better. Although over 1,000 stocks rose that day, it can only be considered a potential small-scale bottom. The key to responding during the trading session is to select the right stocks and patiently wait for a better opportunity.

(Editor: Cui Chen HX015)

【Disclaimer】This article only reflects the author’s personal views and is not related to Hexun. Hexun’s website remains neutral regarding the statements and opinions expressed in this article and does not provide any explicit or implicit guarantees regarding the accuracy, reliability, or completeness of the content. Readers are advised to use this information for reference only and to bear all responsibilities themselves. Email: news_center@staff.hexun.com

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