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, Lu Runkai from Hexun Investment Advisory stated that tonight’s U.S. stocks fell sharply, gold prices also declined continuously and have not stopped to this day, 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, and brokerages instead play a negative role by continuously suppressing the market. After this period of continuous decline, there are signs of some emotional release in the market during Friday’s late trading. If the market further declines at the opening on Monday, 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 closing results were not good. 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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