8.14 Midday Analysis
Looking back at the morning situation in Hangzhou, the big cake entered a consolidation phase after reaching a historical high, with the short-term momentum temporarily tending towards balance.
From the hourly Bollinger Bands perspective, the current three lines are showing a steep upward divergence, extending strongly with a steep slope, indicating that the market is in a strong upward trend, with momentum driving the rhythm of the market.
However, the distance between the upper and middle bands is gradually widening, and the momentum separating the upper band from the middle band is beginning to show, which means that a consolidation phase is needed in the short term to complete the repair and build momentum for future trends.
Suggestions
Big Cake: Buy around 121000-120200, target 123000-124500.
Second Cake: Buy around 4670-4720, target looking at 4830-4900.
