Based on WLD's 4-hour K-line chart, the recent trend has continued to decline from a high of 4.20, rebounding after hitting a low of 1.9358 on December 19, with the current price stabilizing near 2.38. Overall, WLD shows a short-term rebound corrective trend, but remains bearish in the medium term.
Moving Average System: MA7 (2.25) crosses above MA30 (2.56), short-term rebound signals are quite evident. MA100 (3.05) still trending down, indicating a continued weak medium-term trend. The current price is below MA30, indicating that the rebound has not yet broken through key resistance.
Chart Pattern: Low point 1.9358 forms a short-term bottom, current price rebounds to 2.38, with a possibility of continuing upward in the short term.
Consecutive bullish candles indicate strengthening of bulls, but the strength of the rebound still needs to be observed.
RSI: Approaching 55, indicating the rebound has entered a short-term strong area.
MACD: The fast and slow lines have a golden cross below the zero axis, and the green bars have turned red, indicating that the rebound momentum is starting to be released.
Volume Analysis: Volume has increased, indicating that the rebound has received initial support from funds.
Today's Operation Suggestions
Direction: Bullish (short-term rebound continues)
Opening Position: 2.30-2.35 (lightly position long near support during pullback)
First Take-Profit Level: 2.60 (short-term rebound high point)
Second Take-Profit Level: 2.80 (higher resistance level)
Stop-Loss Level: 2.10 (stop-loss if support is broken)
If the price pulls back to 2.30-2.35 and gains support, bulls are expected to continue to attack the 2.60-2.80 area. The short-term rebound momentum is strong, and it is necessary to closely monitor whether the volume can continue to expand.
Yesterday's Situation: WLD stabilized and rebounded near 2.20, indicating a reduction in bearish strength.
Today's Forecast: If 2.30 support can be maintained, the rebound target points to 2.60 or even 2.80. If it breaks below 2.30, there may be a short-term test of 2.10-2.20 support again.
Rebound Failure Risk: If the rebound lacks sufficient volume, it may be blocked and fall back near 2.60.
News Risk: External market news may impact price trends, attention should be paid to sudden fluctuations.
Stop-Loss Execution Risk: When breaking through key support or resistance, stop-loss or take-profit strategies should be strictly executed.
The current market is in a short-term rebound phase. It is recommended to participate with light positions, focusing on the performance of 2.30 support and 2.60 resistance, maintaining a flexible response strategy while strictly controlling risks.
Short-term rebound, opportunities have emerged. Can WLD break through the key resistance thereafter? Pay attention to the strategy to gain a market edge!
