Hexun Information Liu Weiqi: Is the market reversing upward? Judged as a major B-wave rebound

April 8, Hexun Information Liu Weiqi said that on that day, the broad market saw a “hundreds of points” long bullish candle and a surge on increased volume, with the number of individual stocks that rose more than 5% reaching one thousand four to five hundred. Does this mean the market has reversed upward? It is still not certain; at most, it can be judged as a large B-wave rebound. As for how to determine that what happens here is a reversal, unless tomorrow the market continues to rise and shows increased volume, and the number of individual stocks with gains of more than 5% reaches more than half of today’s, then it would very likely be confirmed as a reversal. Yesterday, some precautions had already been taken; today, you can try a gradual advance.

(Editor: Cui Chen HX015)

     【Disclaimer】This article only represents the author’s personal views and is not related to Hexun. Hexun’s website maintains a neutral position regarding the statements and opinions made in the text and provides no express or implied guarantees regarding the accuracy, reliability, or completeness of any content included. Please readers use it only as reference and bear all responsibility themselves. Email: news_center@staff.hexun.com

Report