May 4th - May 8th Luo Yi Weekly Summary

Celebrating holidays always moves, and this week is no exception. Review is for better planning.

Monday and Tuesday smoothly broke through the key level of 80,000, ending the long period of sideways consolidation, with the bullish momentum fully opening up, and the overall market sentiment clearly turning stronger.

Wednesday. Continued the strong upward trend, kept testing high levels, successfully refreshed the year's high, with the whole day showing steady and slightly strong performance, further solidifying the upward structure.

Thursday. The market faced resistance at high levels and weakened, pulling back to around 7,950, with the strong rally temporarily halted, entering a short-term consolidation and recovery phase.

Friday traded narrowly between 79,500 and 80,100, with intraday fluctuations of only about 600 points, staying above key support levels all day, mainly repairing with reduced volume, holding the upward structure, and preparing for a subsequent rally.

Overall this week, the market first rose then corrected, ending with stabilization. Early in the week, it advanced to a new high for the year, then slightly retraced at high levels for recovery, and over the weekend, it stabilized at key levels with narrow-range consolidation. The overall focus steadily shifted upward, the trend structure remains intact, short-term rest is sufficient, and there is still room for further upward expansion.