Hexun Investment Advisor Ge Hongliang: Don't get carried away by the small-volume rebound; there is still more downside to test!

April 7, according to Hexun Investment Consulting’s Ge Hongliang’s analysis, today’s rebound on declining volume—don’t get carried away. No matter whether this rebound lasts two days or three days, it can only be treated as a counter-trend bounce. Don’t rush to chase the previous highs—those are very standard. The corresponding “M top” most likely will also lead to a “W bottom” afterward, and it even can’t be ruled out that it may test new lows again.

Now the market situation is very similar to the rally in late November last year. The real bottom-fishing opportunity must wait until the right foot of the W bottom is firmly踩实, and only after the pattern is confirmed and volume can keep up before making a move is also not too late. At this stage, what’s most important is to control your impulses, hold onto your ammunition, and absolutely don’t try to catch the bottom halfway up the mountain.

(Editor: Wang Gang HF004)

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