5.13 Concubine Early Morning Thoughts - Luo Yi Analysis

The bullish trend has not been broken, and a pullback is a bold setup for a long position.

Yesterday, the concubine attempted to surge several times but failed to break through, showing overall weak volatility. Resistance above is clear, but fortunately, the 2270 level held, and the decline was not significant.
Today, the concubine continues yesterday’s pattern of rising and then falling, still oscillating weakly at high levels. The price is moving back and forth within the 2275‑2320 range, with upward momentum slowing down. Resistance at 2350‑2380 is strong, and multiple attempts to test it have been met with pressure and a pullback.
In the short term, focus on the 2270 support level. Holding this level could lead to oscillating upward and testing resistance. If it falls below 2240, the correction will intensify, with the next support around 2200. The overall long-term trend is supported by the positive outlook of the broader market, but high-level volatility is significant. During the day, it’s likely to retest support first before observing the rebound strength.

Trading Reference
Long Entry: 2245-2275
Stop Loss: 2200
Target Levels: 2330-2350

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