The pancake remained in a high-level consolidation in the early session, obviously to accumulate energy for a second rally! In the early session, Lao Bai seized the opportunity of the pullback, entered the long position at 27,800, and then sat firmly to wait for the rocket launch!
The upward trend of the pancake remains unchanged, as Lao Bai had already indicated last Friday and suggested a long position at 27,700 for an upward trend! The escalation of the Israel-Palestine conflict accelerated the market's upward trend, directly establishing the continuation of the upward trend!
In a strong upward trend, do not expect a significant pullback, but go long directly on minor pullbacks. It is still possible to add to the position on the decline and continue to look for higher highs, with the target position at around 28,500!
Specific strategy:
Long near 27,700, with a target of 28,500.
Disclaimer: The above suggestions are for reference only. Investment involves risks, and operations should be cautious.
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