1. Price and Moving Average: Current price 34.95, has surpassed the 15-day moving average (32.95), the daily level bullish trend is clear, rebounding from a low of 22.46.
2. RSI Indicator: RSI(6)=55.46, RSI(14)=51.95, RSI(21)=50.42, all above 50, indicating bullish strength is dominant, rebound momentum is sufficient.
3. Trading Volume: Current trading volume (257000) is below the 5-day and 10-day volume moving averages, rebound momentum needs further confirmation, attention is required for subsequent volume expansion.
4. Recent Trend: After a significant decline from a high of 58.76, a phase bottom has formed around 22.46, currently in a rebound repair phase.
⚡ Instant long strategy (for reference only, not investment advice)
- Opening range: 34.50 - 35.00
- Stop loss level: 33.00 (near the 15-day moving average, breaking below will end the rebound trend)
- First take profit level: 36.50 (recent minor resistance level, risk-reward ratio approximately 1:1.3)
- Second take profit level: 38.60 (important resistance level, risk-reward ratio approximately 1:2.4)
⚠️ Risk warning
1. The overall trend is still in the recovery stage; this long position is a rebound trade with high risk, and position must be strictly controlled.
2. The single investment should not exceed 5% of the total capital to avoid significant losses due to sudden market changes.
3. Be sure to set a stop loss, strictly execute the trading plan, and do not have a lucky mentality.
