Hexun Investment Advisor Liu Wenbo: Opening higher with decreased volume, need to observe the support situation

On March 24, Hexun Investment Advisor Liu Wenbo stated that, so far, the market has not stabilized. Our core view is that today’s gap-up with decreased volume requires observation of support levels and waiting for subsequent developments. Currently, the main index has returned to the zero line, and the market’s decline speed has slowed in the early session. It’s important to understand that the market cannot simply stop falling immediately after a sharp decline; that’s unrealistic. It must go through a deceleration process, which is what we saw this morning. After deceleration, the market is prone to fluctuations, and this possibility exists. However, although the market opened high and then fell back, the decline slowed, but the trend is not strong. We need to wait and see further developments.

(Edited by: Zhao Yanping HF094)

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