Xingye Securities: Key Bottom Signal Has Emerged

Shanghai Securities News China Securities Network News (Reporter Xu Wei) Industrial Securities Strategy Team released a research report stating that as of March 23, the proportion of stocks with a 30-day moving average above the market has fallen to 9.9%. This indicator has also dropped below 10% in several industries. In recent years, whenever this indicator drops below 10%, it has been a key signal of a cyclical bottom and an important market buying point, such as in April 2025, January 2025, and January 2024.

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