No need to panic about the external market plunge! Outlook for A-shares next week: first a double bottom test, then a rebound.
In the face of the overnight plunge in the external market, there is no need for excessive panic. A-shares are highly likely to present a pattern of 'first a double bottom test, then a new wave of rise' next week. The specific rhythm and key points can be grasped in advance.
The core view is clear: at the beginning of next week, focus on the double bottom test action. The bottom range is expected to be below 3850 points and above 3816 points; after the bottom test is completed, a new wave of rising market will start in the second half of the week, aiming to break through 3936 points, further challenging 3985 points or even higher positions.
This judgment is mainly based on two logical supports:
1. Key support levels are clear, with no systemic risk: From a technical perspective, the golden ratio line from 3040 points to 4034 points corresponds to a support level of 3844 points, and the golden ratio line from 2689 points to 4034 points corresponds to a support level of 3777 points. Overall, around 3770 points belongs to the lower edge of the box. As long as this range is not broken, there is no systemic risk in the market. The core reason is that there are fewer trapped positions at this level, and the selling pressure is limited.
2. The bottom testing action is a dual demand of 'washing the盘 + preventing空': The market needs to break below the Friday low of 3850 points to effectively release panic emotions and wash away the funds that entered the market at high prices this week; at the same time, it should not break below 3816 points to avoid letting those who continuously hold a bearish view and wait to buy at this point fulfill their wishes, ultimately missing the subsequent market.
In summary, if the double bottom test is completed as expected next week, the low is expected to settle around 3840 points, and then the market will officially start a new wave of rise, with the prospect of breaking through key resistance levels and continuing the rebound trend.