8.4 Morning Pancake Analysis
On Friday, it fell below the range due to news impact, but the weekly K line has turned from negative to positive, with a long lower shadow indicating strong support below, suggesting a washout rather than a trend reversal. Currently, it has returned above 114000, with four consecutive hours of positive closing, and the MACD golden cross diverging, entering an accelerated upward channel in the short-term structure.
If it can continue to increase in volume this week, the target could be seen at 125000, and challenging the previous high is not impossible.
Operational Advice:
If it retraces without breaking 114000, consider buying long, with first resistance at 116000; if it stabilizes above, continue to hold for a mid-term rally.
