8.19 Evening Big Pie Aunty Market Analysis
From the current market situation, it is not difficult to see that after the new round of decline halted near 114500, the market has shown a rebound. However, there has not been a significant change in the daily structure, and in the short term, the price ratio is still maintaining within the upward channel of the rebound. Overall, the structural trend remains in recovery.
Although a wedge structure has formed, it has not yet effectively broken through, and it is currently still standing above the 100-day moving average, which has formed a strong support level. Additionally, the graphic indicators show bullish signals, combined with the persistent expectation of interest rate cuts, collectively suggesting that upward momentum is gradually accumulating. The key short-term support to watch closely is around the 4240 line. If the market successfully recovers 4450, it may build momentum for further upward movement.
Big Pie can be traded around: 114500 - 113800, target 116000 - 117600
Aunty can be traded around: 4240 - 4220, target 4325 - 4425
