The large pancake daily line dropped from a high of around 97600 to a low of around 93450 yesterday, closing around 94300. The support level is near MA60, and a pullback can be used to buy near this level. The resistance level is near MA7, and if broken, we can look towards MA30. The MACD shows an increase in bearish momentum. On the four-hour chart, the resistance level is near MA14, and if broken, we can look towards MA200. The MACD shows a decrease in bearish momentum and signs of a golden cross forming. Short-term support is given at around 92830-91600 for buying. The rebound target can be seen at around 96700-101000.
The Auntie daily line yesterday reached a high spike at around 3445, closing at around 3335. The support level is near 3225, and a pullback can be used to buy near this level. The resistance level is near MA14, and if broken, we can look towards MA30. The MACD shows a decrease in bearish momentum and signs of a golden cross forming. The four-hour chart shows a choppy trend with resistance near MA60, and if broken, we can look towards MA90. The MACD is flattening out with dual lines converging. Short-term support is given at around 3240-3177 for buying. The rebound target can be seen at around 3500-3640.