Hexun Investment Advisor Chen Wei: The market opened lower, then rose to test the bottom and rebound. Will there be a strong rebound next week?

Today, the market has shown an important signal, and that important signal is the critical support at 3852 points that we discussed with everyone yesterday. The opening point today dropped to 3852 points, hitting the lowest point right after the opening, and then began to stabilize and rebound. So what does this indicate?

Chen Wei from Hexun Investment Advisory stated that it indicates that today’s second bottom-testing has been successful. Additionally, I also reminded everyone yesterday that the sentiment indicators have currently reached their lowest point, which means that after the freezing point, the previous wave showed signs of halting the decline and stabilizing with a rebound. This wave of consecutive freezing points also indicates that this position is a signal of the bottom, so the market in the next week will likely see continuous rebounds.

This wave of rebound is divided into two stages. The first stage is below 3936 points, which is a process of consolidating a bottom. If next week we can effectively break through the 3936 points with increased volume, then we will enter a new rebound space. This rebound space will quickly reach above 4000 points. So family members, we need to have more patience and persistence next week to grasp the high point of this rebound.

(Editor: Shao Xiaohui)

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