8.6 Daily Analysis of the Big Cake
The daily chart of the Big Cake closed with a small positive candle yesterday. Although it has been rising continuously, it still has not broken through the upper limit of the consolidation range, indicating a weak trend. The accompanying indicators maintain a dead cross structure, suggesting limited sustainability for the bulls. Currently, the market remains in a consolidation phase, and a significant breakthrough is unlikely in the short term.
On the hourly chart, there was a rebound with consecutive positive candles this morning, and the indicators have formed a golden cross, indicating short-term upward momentum. However, until the larger range is broken, it is not advisable to aggressively chase the rise.
Trading Suggestions:
Buy on pullback: Attempt to buy near 113700, with a target of 115000;
Sell on the rise: Light short near 115200, with a target of 114000.
