8.13 Daily Analysis

Previously mentioned near the 11.8 line that a breakthrough of the 120,000 mark was expected, which has now been realized with over 2,000 instances, having sold half of the position and continued to hold. Currently, the big 🫓 big pancake is in a fluctuating pattern, with key support at 118,000 and resistance at 122,000, the directional choice is still unclear. Further confirmation of a breakthrough is needed.

Yunheng believes that a small-level pullback may provide enough momentum to continue ↑, while the large level continues to look ↑. Please adjust flexibly according to market trends.

From a technical perspective, the overall situation is considered high-level. The MACD green bars are shortening, indicating a weakening of the downward momentum; however, it has not yet crossed golden. RSI: current value 59.75, close to the overbought area, but has not entered a strong trend zone, and may continue to fluctuate in the short term. Given this, it is advisable to maintain a strategy of selling high and buying low during the day. (Defense is crucial)

Pull back near the 118,800 to 118,860 line to trade long.

Target around the 119,600 – 121,000 line.

Pull back near the 4,520 to 4,540 line to trade long.

Target around the 4,650 – 4,630 line.

(Conversely, trade short)