Hexun Investment Advisor Quangeler: Will Still Drop Below 4000

SadMoneyMeow · 2026-03-17T03:42:41+00:00

On March 17, Hexun Investment Advisor analysis pointed out that the Shanghai Composite Index rebounded near the 4048 level, but warned that it may not have bottomed out in the short term. Attention should be paid to changes in market sentiment and trading volume, and it is recommended to appropriately reduce positions during the rebound to mitigate risks.

SadMoneyMeow

2026-03-17 03:42:41

Abstract generation in progress

On March 17, Hexun Investment Advisor Quan Yinggeer stated that after the Shanghai Composite Index touched 4048 points yesterday and rebounded, it closed strongly with a long leg at the 60-day moving average. This indicates that the 60-day moving average has support. The index tested this moving average three times without breaking it, and is likely to rebound to the middle or upper part of the range. However, it should be clear that this is a short-term trading opportunity for this week; yesterday’s index was not at the bottom. Currently, the market has not panic, and trading volume has neither shrunk enough nor effectively expanded. If the current 2.3 trillion yuan trading volume continues to contract, only market panic will truly mark a bottom, which means the lowest point at 4048 yesterday is likely to be broken. Although reluctant to say so, this is the reality. Since predicting the index top and the start of a decline cycle on March 2, the outbreak of US-Iran conflict and turmoil in external markets have caused global financial indices to fall. I remind everyone that during the upcoming rebound, it is advisable to reduce positions appropriately; otherwise, if the account drops below 4000 points, losses will occur again.

(Edited by: Zhao Yanping HF094)

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