1. K Line Chart Analysis
From the chart, it can be seen that UXLINK has experienced significant fluctuations over the past period. Before mid-December, the price was relatively low and the fluctuations were stable. After that, the price began to rise rapidly, reaching a high of 3.8338 around December 25, followed by a significant pullback. Recently, the price has been fluctuating within the range of 1.4000 - 1.8000 and shows some signs of stabilization.
The current moving average system shows that MA (7) is 1.6734, MA (30) is 1.5289, and MA (100) is 1.5779. The short-term moving average MA (7) is above, while the mid-term moving average MA (30) and long-term moving average MA (100) are relatively close, and the price is fluctuating near the moving averages, indicating that the market is currently in a relatively balanced state, but there is some upward momentum in the short term.

2. Operation Prediction

  • Opening position: Considering that there is certain support around 1.6000 recently, and the short-term moving average has a trend of crossing above the mid-term moving average, a long position can be opened around 1.6500.

  • First take profit level: Based on the recent price fluctuation range and resistance levels, the first take profit level can be set around 1.8000, approximately 150 points away from the opening position.

  • Second take profit level: If the price can successfully break through the first take profit level, it can be expected to reach around 1.9500, approximately 300 points away from the opening position.

  • Stop loss level: To control risk, the stop loss level can be set around 1.5500, approximately 100 points away from the opening position.

3. Basis for Technical Analysis

Moving average system: The short-term moving average is trending upwards, indicating a short-term upward trend, and the price is supported near the moving average, which increases confidence in going long.

  • Support and Resistance: Around 1.6000 is a recent support level, while 1.8000 and 1.9500 are some resistance levels during the previous price fluctuations. If these resistance levels can be broken, the price is expected to rise further.

4. Yesterday's Direction and Today's Trend Prediction

Yesterday, the price showed a slight upward trend, and the closing price was close to the day's highest price, indicating strong buying power. Considering the current technical pattern and moving average trend, today's price is expected to continue yesterday's upward trend and continue to test upwards. However, it should be noted that the market is quite volatile, and if the price fails to break the opening position of 1.6500, it may continue to fluctuate within the current range.
Overall, UXLINK is currently in a relatively critical position, with short-term potential for an increase.
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