1.3 Analysis of Auntie Big Pancake Trend;
In Thursday's trend, Qing Chen provided the following thoughts:
First: In the short term during the day, a bullish outlook is expected with a rebound, choosing the support of the top-bottom conversion and horizontal support, mainly bullish for the upward trend. Therefore, a target of 95800/3415 was given, with a short-term pullback expected around 97000, and a reversal to go short to break even and exit!
In today's market:
1: On the 1-hour chart, a slow bull rise is observed, with oscillations and stepwise increases. Therefore, in the short term, one can choose to follow the trend; the support level for top-bottom conversion is around 96800;
2: On the 4-hour chart, the stochastic indicator shows a golden cross and a pullback upward, indicating a bullish signal, but no continuous new high signals. In terms of pattern, it shows a slow bull rising pattern, a series of bullish candles, indicating a main bullish signal. It is important to note that the 4-hour chart currently shows a series of 6 bullish candles, while the previous level of resistance is around 97800, so caution is needed for potential pullback around 97800; conversely, if it breaks and stabilizes above this line, the upside space opens up, and a target of 100000 can be anticipated!
In summary, focus on the stability and breakout situation around 97500-97800 for today's price.