The weekly line shows a small bearish candlestick following a bullish candle, with trading volume remaining relatively stable. The weekly MA30 line is still in a downward trend, and the MACD is showing a slow increase in upward momentum below the zero axis.
The weekly level is also bullish; the weekly MA30 line no longer constitutes resistance, meaning that the price can easily rise and break through the upper edge of the red box area. The target for the weekly level push will be between 185-200.
The daily line is a small bullish candle with upper and lower shadows. The trading volume has increased significantly compared to the previous day, but it is still within the normal trading volume range. The daily MA30 line has changed from a downward trend to a flat trend, and the MACD has been entangled near the zero axis for a period of time; it is currently showing an enhanced upward momentum. The price is fluctuating near the daily MA30 line, and it has repeatedly tested the daily MA120 line without breaking below it, forming a relatively effective short-term support. The daily level will continue to rise, and retesting near the MA120 line (145) presents a buying opportunity. The short-term target for the upward push remains near the upper edge of the red box (160-165), which is the position for taking profits on short-term long positions.
Daily level resistance at 163-175-186, support at 145-132-121-110.
