Lianxun Securities said that the market continued to adjust and the risk of short-term rapid rise was significantly released. Considering the adjustment range and time period, this round of adjustment is difficult to end. The logic of medium and long-term upswing has not changed, and there is not much room for further downside.
Lianxun Securities believes that the first phase of the market ended in 2019, but the adjustment period is still unspeakable. First, the adjustment is not sufficient. The Shanghai Composite Index closed at 2,990 points from 3,100 points, down by only 3%. Second, the adjustment time is insufficient. Judging from the GEM, there are only two trading days to adjust. From the perspective of favorable policy, the window of the two sessions is about to pass and the market is still a test.
Lianxun Securities proposes to strengthen risk hedging, flexible positions, and structural bias. Waiting for the next stage of the market to expand. In the March-April earnings season, preferred stocks and industries, with a focus on bearish outs, bottom reversal andPerformanceMore than expected.
(Article source: Securities Times Network)