7.14 Monday Zhiming Morning Analysis and Suggestions
Yesterday, the big pie started a volatile upward trend from the low point of 116900, strongly breaking through the key level of 118000 in the evening. The bulls continued to exert force, reaching a peak around 119600, successfully hitting the previous low-long strategy target. The current price is entering a correction phase around 118600.
On the daily chart, the big pie formed a "four ups and one down" pattern, and subsequently continued to perform strongly, currently solidly standing above the moving average system, indicating ample bullish momentum, reinforcing the medium to long-term upward trend.
After multiple tests over the weekend at the hourly level, the support at the 117000 line is extremely solid, and the trend shows a characteristic of gradually increasing highs and lows, presenting a standard wave-like upward structure.
Zhiming's Suggestions
Big pie near 118300-117800, look for 119500-120000
Yitai near 2930-2900, look for 2990-3320
