The Shanghai Composite Index breaking through 3700 points may attract sideline funds.
Last week, the A-shares broke through the previous high point, with the Shanghai Composite Index hitting 3700 points. Regarding the recent market trend, Lv Changshun, chief researcher of Shanghai Zhonghe Yingtai, said that based on the monthly K-line of the Shanghai Composite Index in the past ten years, 3700 points is at a relatively high platform level. Some investors who have made significant profits may worry about whether the market will continue, and thus choose to cash in their gains. However, according to the breakout trading theory, the Shanghai Composite Index breaking through the 3700-point platform high will attract some sidelined funds to enter the market.
Latest