April 28 Morning Analysis



The price holds firmly above the Bollinger Bands’ middle band at 76844.2. The Bollinger Bands’ opening continues to narrow, and the downside space is completely sealed off. The one-sided downward trend has come to an end, and the market has officially entered a phase of low-level stabilization and building strength for a rebound. The middle band has formed a strong support, laying a solid foundation for the bulls to move higher.

The MA7 moving average turns upward, and the MA30 moves sideways while rising in sync. The price steadily stands above both moving averages, indicating that the short-term trend has shifted from falling to rising. The convergence of the moving averages forms a bullish support defense line, continuously lifting and supporting the price as it moves upward, with the upward structure remaining solid.

Brother Li’s personal recommendation: 76500-76000, with a target of 78000-78800.
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