Weekly Level: Oversold rebound. Support is found near the MA240 daily moving average after a pullback, temporarily considering the 2630-2582 area as the bottom. The upward pressure is in the 3450-3485 area.

5-Day Level: Rise followed by a fall. If the opening price of 2737 is not broken, it will continue to rise, with pressure in the 3085-3125 area. If it falls below the opening price, the first support level to look for is the previous weekly MA240 moving average in the 2625-2585 area, and the second position is in the 2485-2525 area. This position is currently the extreme low point of this wave of correction.

2-Day Level: It has already sought lower points; this is the process of reaching higher. The upward pressure continues in the 2997-3007 area. The short-term support below is currently seen in the 2762-2775 area.

Daily Level: Volatile rise. The daily oversold rebound is attempting to attack the MA7 (around 2885). Here, the Bollinger Bands and MA7 present dual pressure; it needs to break through to open up space above. If it can close above 2835 before changing lines, there is a chance to continue rising tomorrow, with support on the pullback synchronized with the two-day.

Short-term 1-4 hours: Upward channel. Volatile rise, with higher highs and higher lows, so as long as it does not break 2765, touching the 2765-2785 area is a good opportunity to go long. A rebound touching the 2875-2885 area can be a short-term short. After a break of the entity, there will be a wave of retracement and then follow the trend.

At the time of editing this article, it touched around 2885 and has already pulled back nearly 50 points. The short-term nature is time-sensitive and for reference only, not constituting operational advice. Market conditions change rapidly, so trade with caution. Wishing everyone profitable trades!

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