ACT exited the "M-shaped sell-off", the negative market went downwards, and the short sellers took full control of the market!
ACT is performing a typical long-short game: technical aspects show that the price trend has formed an "M-shaped" structure. From the short-term moving average, the overall operation is obviously in a downward channel. The bears continue to suppress, the bulls try to counterattack but are repeatedly blocked, and the rhythm of the negative market decline becomes more and more clear!
Judging from the recent market sentiment, buying power has been significantly weakened, trading volume continues to be sluggish, and there is a lack of clear rebound signals. The bears are firmly in control, while the bulls seem to be playing defense. This pattern is likely to indicate that ACT is unlikely to have a decent rebound in the short term, and the market may further test the support area below.
Faced with such a situation, investors need to be highly vigilant and should not blindly add positions. If prices continue to weaken and short positions further amplify, it may trigger greater panic! As for whether there are funds to buy the bottom at the low level, we still need to observe the trading trends near the key support points.
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