March 17th, Big Pie Afternoon Thoughts
Recently, Big Pie has shown a trend of fluctuating downwards followed by a slight rebound. The current price is near the key support/resistance level of 83244.4. From a technical perspective, the short-term market sentiment is relatively weak, showing a downward trend, indicating that the market may continue to be under pressure in the short term, with the possibility of further fluctuations or slight declines.
1. Moving Average System: MA(7) and MA(30) are diverging downwards, indicating a bearish short-term trend. The price is operating below MA(7), further confirming the dominant pattern of short-term bearishness.
2. Key Levels: The area near 83244.4 is an important support/resistance zone. If the price breaks below this level, it may further test the area around 81500; if it rebounds and breaks through, attention should be paid to the resistance in the 83500-83800 range above.
3. Market Sentiment: Recently, the market has been quite volatile, and market sentiment is sensitive, requiring vigilance against the risks of rapid reversals or severe fluctuations.
Operational Advice:
It is recommended to position around 83500-83800 with a target towards 81500, and a stop-loss can be set above 84300.
If the price breaks above 84300 and stabilizes, timely stop-loss and reassessment of market direction are necessary.
