Weekly analysis: Bottom pattern established, rebound trend initiated.
Weekly chart shows a strong bullish candle, confirming the 1385 position as a phase bottom.
The downtrend at the weekly level has temporarily ended, and a mid-term rebound trend is brewing.
Key observation point: Can this week's upward momentum continue and confirm the validity of the bottom?
Daily analysis: Oscillating and consolidating, waiting for the breakthrough opportunity.
Daily line slightly retraced and closed lower, trading volume remains stable.
Price tested the daily EMA52 (near 1890) resistance and then fell back, in line with expected trends.
Currently in a consolidation phase below the key resistance level, short-term may continue to oscillate.
Technical indicator interpretation
MA30 is still in a downward trend, but the slope is starting to flatten.
MACD golden cross below the zero axis indicates that bullish momentum is accumulating.
Short-term faces a breakthrough test at the key resistance level of 1890.
Key price range
[Resistance Level]
• 1890 (Daily EMA52 / Short-term bullish-bearish dividing line)
• 2120 (Key resistance at the weekly level)
• 2310 (Previous high pressure area)
[Support Level]
• 1740 (Daily MA30 / Short-term strong-weak dividing line)
• 1688 (Weekly breakout confirmation level)
• 1540-1460 (Mid-term strong support area)
Trend prediction and trading strategy
Short-term trend:
May continue to oscillate and consolidate, pay attention to the validity of support at 1740.
U.S. stock market opening may bring volatility, pay attention to risk control.
If stabilizing in the 1740-1688 area after a pullback, it will be an ideal entry point.
Mid-term layout:
After confirming the weekly bottom, adjustments will present layout opportunities.
Breaking above 1890 will open up upward space, targeting 2120-2310.
If it pulls back below 1688, wait for a better buying point near 1540.
Operational suggestions:
Short-term: Light positions near 1740 to test long positions, stop loss below 1688.
Medium-term: Build positions in batches below 1688, targeting the 1890 breakthrough.
Risk warning: If it falls below 1460, reevaluate the trend.
Summary: Patiently wait for the breakthrough opportunity.
Weekly bottom pattern established, mid-term trend turns bullish.
Daily line faces a breakthrough test at a critical pressure point.
It is recommended to adopt a buy-on-dips strategy to avoid chasing highs.
Focus on the breakthrough situation at the 1890 resistance level.
(The market has uncertainties; it is recommended to adjust strategies based on real-time trends.)
