Tuesday Afternoon Jingyi Analysis on Silk Exposure
From a technical indicators perspective:
MACD: The current MACD is in the positive value area, but the histogram is shortening, indicating that the bullish momentum is weakening, and it may enter an adjustment phase.
RSI: The RSI value is hovering around 50, not entering the overbought or oversold zone, showing that the market currently lacks a clear direction.
EMA: Both EMA7 and EMA30 have crossed above EMA120, indicating that the medium-term trend still leans towards an upward movement, but in the short term, it is close to EMA7, which requires attention to its support role.
Recently fluctuating around 95000, forming a relatively clear oscillation range. The upper resistance level is around 95800, while the lower support level is around 91600. Before the price breaks through this range,
it is recommended to adopt a range trading strategy, selling high near the resistance level and buying low near the support level.
