5.1 Afternoon Analysis

In the morning, we mentioned a rise followed by a fall. The large index rose from around 940 to around 950. Once again, we accurately predicted that we expect it to fluctuate around 950 in the afternoon after a sharp rebound following the week's decline. There are clear support and resistance levels. Pay attention to 955 and 960 above, and 935 and 930 below. When trading within this range, make sure to defend well and adjust flexibly according to market trends.

From a technical perspective, it is still a high-level fluctuation. The RSI value is hovering around 50/60, indicating no extreme sentiment. The MA7 and EMA30 moving averages overlap and are above the EMA120, suggesting a short-term bias towards upward movement. It is expected that there may continue to be a rebound near the 955 level in the short term, while also being cautious of a pullback. Overall, we expect a rise followed by a fall, focusing on higher peaks.

Rebound near 960-955 to trade for a peak

Target around 945-436.

Rebound near 1850-1830 to trade for a peak

Target around 1780-1740.