4.24 Midday Analysis
As mentioned in the morning analysis, the big pancake entered a wide range of fluctuations in the morning, dropping from 937 to around 923. A small rebound is expected in the short term, but overall it remains a fluctuation. A short-term buy can be considered in the range of 910—920, and a short can be considered in the range of 960—950. Please adjust flexibly according to market trends.
From a technical perspective, the overall trend is still a downward fluctuation, operating between the middle and lower bands of the Bollinger Bands, with the channel showing a contracting pattern, indicating weak bearish pressures. The KDJ indicator shows a slight downward cross, suggesting that the rebound might be weak in the short term. Given this point, we can maintain a good defense with light positions and wait for clearer signals.
A pullback near 915—920
Targets look at the area around 930 to 945.
A pullback near 1725—1755 can be considered
Targets look at the area around 1790—1820.
