Concubine's Afternoon Technical Analysis
In the past two days, prices have continuously fallen, forming a significant bearish candle. Today, the lowest point reached around 2812, marking a recent low.
In the morning session, the fluctuations were relatively weak, with insufficient rebound strength, and the closing price remained consistently below the key moving average EMA120.
The MACD death cross continues to expand, with a noticeable increase in the lower red bars, indicating that bearish momentum is still strengthening.
The RSI value of 21.3 has entered the oversold zone, but it has not been in this area for long, and a short-term rebound may occur at any time.
EMA7, EMA30, and EMA120 are diverging downwards in a regular pattern, with the medium to long-term trend clearly under pressure, maintaining a downward movement around the 2825 level.