10.05: Sister Ting's Big Pancake Trading Strategy
From the current market, Sister Ting sees a cluster of short-term weakening signals, and the signs of a pullback are very obvious.
First is the MACD dead cross, which is the most eye-catching bearish signal - the DIF line crosses below the DEA line, and the histogram has turned negative, indicating that the downward momentum is increasing, and the bears are in control.
Next, looking at the moving averages, the current price has broken below the MA7 and EMA7, directly interrupting the short-term upward trend.
The Bollinger Bands are even more direct, with the price falling below the middle band, indicating that the strong period is over. We first need to see if the lower band can hold.
Finally, looking at the volume and momentum, the trading volume is more than half lower than the 5-day and 10-day average, and a decrease in volume while falling means that the selling pressure is not yet exhausted. If there is a subsequent increase in volume while falling, we need to be more cautious. The KDJ's J value has dropped to 1.64, indicating a sharp short-term decline. Although a rebound may occur, it must first stabilize. The RSI has broken below the 50 midpoint, indicating that buyers lack strength, and bears currently have the advantage.
In summary, the short-term market is bearish, and the pullback signals are very clear. Do not be reckless in trading; it is crucial to closely monitor support levels and changes in volume.
Trading strategy: Short near 121720-122260, targeting down to 120900, 120200, 119000.
