7.20

The Hangqing has failed to open a major upward move for a long time. The key reason is that the circulating liquidity on the market is insufficient; neither the 哆-kun side nor the 哆-kun side has enough momentum to trigger a breakout. The market desperately needs a real bullish long white candle to break the current dull range pattern. Before effectively breaking above the 30-period moving average line within 30 cycles, the long- and medium-term outlook still remains bullish.

At present, the market is stuck oscillating between the range of 63,700—65,000. The MA30, which serves as the core defensive line, has shifted down to 62,000. Entering directly would take on a relatively large stop-loss risk. Waiting can also easily lead to being trapped in short-term movements. The best approach is to test in staggered small positions, relying on nearby short-term support to set a tight stop-loss; or else wait for a breakout with volume expansion and then follow through accordingly.

Recommendation
Big cake: buy 636-631, target 646-653
Second cake: buy 1,835-1,810, target 1,880-1,920.