December 16 Auntie's Early Market Technical Analysis

In the last few hours, the K-line has continuously closed positive, with prices gradually rebounding from the lowest point of 2900 to around 2980, but the recovery is relatively weak.

There were a large number of bearish candlestick bodies in the earlier period, including the significant drop bearish candlestick at 22:00 last night, quickly sliding from the high level of 3150.

The MACD is below the zero axis, the fast and slow lines are recovering but still biased towards bearish, and the weakening of the histogram volume indicates a decline in bearish momentum.

The RSI value is around 35, slowly rising after being severely oversold, but it has not yet exited the weak range.