Evening Analysis on July 13
The large pancake hit the resistance at 118800 and retreated to around 116800, then entered a phase of consolidation. However, be cautious as there may be a significant surge in the evening.
From the current perspective, due to the dominant trend of the leading players lasting for a long time, a considerable amount of profit has accumulated from the previous gains, and the subsequent leading forces will inevitably enter a release phase. The 120,000 integer mark serves as a key resistance level, making short-term breakthroughs challenging. However, the market in Hangzhou has been quite strong this week, so remember to set a stop-loss.
Suggestions
Large pancake: trade around 118200-119200, target 117800-116200
Second pancake: trade around 2970-3010, target 2945-2900
