Hexun Investment Advisor Li Yongxi: Is the volume-increasing doji a sign of a trend reversal?

Volume-increasing doji, all signs of bottoming out and rebounding are present. Is Tuesday the turning point? Can it go higher? According to Li Yongxi, a Huaxun investment advisor, the first two hours in the morning will mainly be volatile and pressured, with market fluctuations starting only after 1:30 PM. After 1:30 PM, the overall oil sector opened up 9%, but the final increase was less than 3%, which proves one thing: the main funds within the oil sector have already started to release. I believe many investors will still choose the oil sector today, as they aim to make short-term profits from its opening gap and afternoon movements. Many retail investors have taken on oil sector funds this afternoon, indicating that the main funds have already cashed out. Therefore, whether these funds can flow back into the market tomorrow is crucial. As for today’s technical pattern, the bottoming and rebound, why does it ultimately leave a doji with a downward line? The main reason is that it signals a potential market reversal. Tuesday is a very sensitive time point. Will the fleeing oil funds be able to flow back into the market smoothly tomorrow? The key to judging this lies in the trends of the ChiNext and the average stock price.

This morning, the Sci-Tech Innovation Board 50 and the Growth Enterprise Market index fell by 4% and 2%, respectively, but by the close, the declines were about 2%. This indicates that there was capital inflow today. The sustainability of this depends on whether the oil sector’s capital outflow can be quickly reversed in the first half-hour of tomorrow’s trading, with trading volume revealing everything.