Intraday technical analysis 20240910 Tuesday
1. Due to the latest polls leading Harris, coupled with the oversold rebound of US stocks, Bingtang Orange staged a short squeeze in advance, and tried to break through 57128 but failed. The rise last night was just a rebound short squeeze, not a reversal.
2. The 1-hour MA120 has not turned upward yet, and there is a need to step back.
3. The 4-hour moving average formed the first golden cross, but it still takes time to form a long arrangement. At present, after the short squeeze, a negative cross star is formed, which may form a dusk star.
Prediction:
The rebound is over, and the callback is probed twice. If it rebounds to 56900 or above, it can be opened short. The target range is 55200~54800. If it falls below 54800, it will continue to probe.
