6.7 Pancake Afternoon Thoughts

Since the strong rebound started from the low point of 100305, Pancake is currently trapped in a narrow fluctuation range between 104000 and 105283. The short-term trend shows a consolidating pattern, with both bulls and bears engaging in fierce competition at key price levels, as the market awaits a directional breakout.

From a technical analysis perspective, the MACD indicator is emitting positive signals: the DIF line continues to operate above the DEA line, and no green bars have appeared, indicating that the current bullish strength is dominant. However, the key resistance level of 105283 should not be overlooked, as it hangs above like the Sword of Damocles, exerting pressure on the bulls. If this level cannot be effectively broken in the short term, there is a risk of market pullback.

Trading Suggestions:

Pancake: Short near 105300, targeting around 103800

Aunt: Short near 2500-2530, targeting around 2450