7.17 Morning Auntie's Thoughts
Last night, the second pancake had a pullback to gather strength before another push, as expected. From the morning chart today, the price surged to 3423.47 before retreating, currently oscillating around 3337.73.
The technical analysis continues from last night's logic: the hourly KDJ is in an overbought adjustment phase, but the MACD red column has not significantly contracted, indicating that the bullish trend has not completely reversed. Short-term fluctuations are a signal of gathering strength.
It is suggested to trade in the 3130 - 3150 range, with a target of 3200 - 3250, and a stop loss of 30 points.
It is suggested to trade lightly in the 3200 - 3230 range, with a target of 3150, and a stop loss of 30 points.
