The weekly line is a large bullish candlestick with short upper and lower shadows, with an amplitude exceeding 54%. The trading volume is 1.5 times that of the previous week, indicating a volume-driven rise.
The weekly MA30 line has shifted from a downtrend to an uptrend, and the MACD shows an increasing momentum near the zero axis.
In terms of pattern, it is a large bullish candlestick crossing multiple moving averages, with the price encountering weekly level resistance, leading to a short-term pullback.
The large bullish candlestick at the weekly level also signifies the start of an upward trend at the weekly level.
Ignore the short-term price fluctuations; the big moves are still to come.
The daily line is a small bearish candlestick with long upper and lower shadows, and the trading volume is about 1.6 times that of the previous day, indicating a volatile upward trend.
The daily MA30 line has shifted from a downtrend to a flat trend, and the MACD shows an increasing momentum below the zero axis.
After three consecutive large bullish candlesticks, RATS did not experience further explosive growth but chose to oscillate upward here, which is a good sign. An upward movement after adjustment and accumulation will be healthier and more powerful.
The position of the upward spike yesterday happened to be at the bottom of the 13260-13800 area we mentioned in yesterday's market commentary. Today, it will continue to rise and attempt to break through the resistance of this area.
Daily level resistance at 14400-15300-17280, support at 11350-10500-8800.
