August 22 Daily Analysis

Yesterday, the market surged first and then dropped, with significant intraday fluctuations. The high was capped near the 114,700 level, failing to break through and test the 115,000 area as expected. The intraday market faced upward resistance and has entered a weak correction phase. It is currently near the 112,600 level, and further downward movement is possible. This indicates that there is still a risk of a pullback in the intraday market, and blind heavy buying is not advised. Light positions may be attempted multiple times. The overall outlook remains upward. Please adjust flexibly according to market trends.

From a technical perspective, the overall situation is characterized by high-level oscillation. The MACD remains below the zero line, with green bars shortening but not yet turning red, indicating that the bullish momentum has weakened but still dominates. The 4-hour MACD fast and slow lines are close to merging, showing weak momentum. The RSI value is 34.17, near the oversold area, indicating a demand for a technical rebound. Therefore, the focus today is on high selling and low buying. (Defense is crucial)

Buy near the pullback at the 111,900 to 112,400 level.

Target near the 113,400 to 113,900 level.

Buy near the pullback at the 4,200 to 4,230 level.

Target near the 4,270 to 4,300 level.