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April 29 Midday Thought Analysis
The current trend structure is in the correction phase after an upward move. Although the surge did not reach the expected strength, the weak pullback and more consolidation allow the upward correction to continue. The bullish outlook remains for this week.
On the daily chart, after a range-bound oscillation, the price formed an effective upward breakout, opening the trading channel; bullish volume continues to accumulate and release, with moving averages trending upward. Currently in the recovery upward phase, the rally is clearly strengthening, bulls hold the advantage, and it is recommended to enter long positions on dips.
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