5.29 Evening Thoughts

Recently, several hourly K-lines have shown a bullish arrangement, with overall prices continuously rising and prominent bullish candles indicating strong buying power.

There are signs of a pullback after a rise in the daily timeframe, but overall it still demonstrates an intraday rebound and repair trend.

Technical Indicators:

MACD: The hourly MACD is gradually rising below the zero line, and the fast and slow lines are about to golden cross, with red bar momentum continuously strengthening.

RSI: The hourly RSI is currently at 55.6 (normal range), indicating a slightly strong trend.

EMA: The hourly closing price has just broken through EMA7 and EMA30, firmly above the short-term moving averages, and the mid-term EMA120 is also being tested, suggesting the market has the potential for further strength.

Operational Strategy

Long positions at 1063-1075

Targeting 1095-1105