11.30 Sunday Big Pancake Market Analysis
Current price is about 90700. Weekend trading volume is relatively weak, with prices oscillating within a narrow range of 90500-91000; the middle track of the 1-hour BOLL is slowly pressing down, and EMA7 is consolidating with EMA30, representing a typical "converging wait for direction." As long as it does not break through and stabilize above 91200 with increased volume, the short-term approach will still be based on the trading range; support levels below are 90200 and 89700.
Operation Suggestions:
Short sell lightly near 91000, stop loss above 91500, target 90500-90200. Try low buy near 90200 with stop loss at 89900 and target 90800-91100.
If it breaks above 91200 with increased volume and does not break upon pullback, follow the trend for long positions, target 91800-92300, stop loss below 91000. If it effectively breaks below 90200 and bears pressure, follow short to see 89700-89300, with stop loss above 90400.
