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Hexun Investment Advisor Chen Xiaojun: A-shares Make a Major Comeback!
Today, a hundred stocks in the A-share market hit the daily limit, with 5,100 stocks rising. He Xun’s analyst Chen Xiao Jun analyzed that this may be a relatively low point for the A-shares in the medium term, and the deep adjustment has brought good opportunities for layout. After recent adjustments, mainly influenced by external factors, the risks in the A-share market have been further released, and valuations are at a relatively reasonable level. Although today’s rebound was on low volume, once sentiment picks up, the market can easily form a collective force, and technically a rebound from an oversold position may occur. Of course, the 3,900-point resistance on the Shanghai Composite Index still exists, and due to external uncertainties, there remains a certain degree of unpredictability in the short-term trends, which may experience fluctuations. In terms of sectors, the one that has risen against the trend this time is green power, especially what we call the main line of electricity collaboration, which remains strong. Please pay close attention moving forward.