8.6 Afternoon Analysis
The large pie rapidly climbed from 113309 to 114375 during the afternoon, then experienced a pullback, currently stabilizing around 113800. The Bollinger Bands are showing an expanding trend, and the upward channel is gradually opening, indicating that there may be significant upward potential in the future.
On the hourly candlestick level, a strong bullish candle has engulfed the previous five small bearish candles, forming a typical bullish engulfing pattern. According to candlestick theory, this pattern appears after a downward trend and is a strong signal of a powerful reversal by the bulls, indicating that the bulls have begun to regain control of the market, and the trend reversal and recovery of lost ground has already started.
Looking at the MACD, the volume is increasing, bullish momentum is rising, and the buying power of the bulls is continuously gathering and releasing, suggesting a pullback for buying.
Recommendation
Large Pie: Buy around 113400-112800, target 114300-115000
Second Pie: Buy around 3600-3580, target 3640-3675