The weekly line is a negative line with a long upper shadow and a short lower shadow. The trading volume is more than that of the previous week. The trading volume in the past two weeks is much larger than that in the previous few weeks.
The weekly MA30 line began to flatten out from a downward trend, and MACD showed a slight downward momentum strengthening near the zero axis.
The weekly moving averages are entangled together, and it is easy for a large positive line to rise and penetrate the moving averages. The current price has also fallen back to the neckline support level, and there will be a rebound here.
The current trend is a normal pullback after a rise. Next, we will see when a big positive line will appear to pull up the market. The weekly rise has just begun, so keep steady.
The daily line is a negative line with a long lower shadow and a short upper shadow. The trading volume is even less than the previous day, which is a shrinking oscillation adjustment pattern.
The daily MA30 line is still in a slight downward trend, and the MACD shows a weakening upward momentum near the zero axis. If today continues to close with a negative line, the fast and slow lines will form a dead cross pattern, and the daily level adjustment will continue for some time. However, if today closes with a positive line, then MACD will form a rebound trend, and the price will also rise further at the same time.
Daily pressure level 2620-2850-3080-3450-3770-4060-4480, support level 2485-2350-2100
