Driven by the rise of the US stock market, the A-shares staged a beautiful rebound today, with Chinese core assets all moving higher.
However, be cautious—when the index approaches or breaks through the previous high of 4034 points, that is precisely a signal to turn around. Don't mistakenly think it's a buying point for continued chasing. You can hold a core position to test the subsequent space, but blindly taking positions near the previous high is a bit risky.
The real opportunities to add positions are to wait for lower levels. The key is whether the market can hold steady above the 3936 points neckline support and the daily line at 3950 points EXPMA white line, but in the short term, the probability of breaking below these levels is not high.
Currently, focus on a few key numbers on the 60-minute level: the 5-day moving average at 4005 points and the 10-day moving average at 3985 points as support below; above, watch out for the resistance zone between 4034-4050.
Overall, this wave of market will unfold with repeated oscillations; don't expect a straight surge.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
RugpullAlertOfficer
· 01-06 18:35
Another round of fake and real rebounds, don't get too excited
---
4034 is really stuck, can't break through, it's a trap
---
Haha, the market loves to jump around like this, playing with the mentality
---
Keep the core position, chasing highs only makes you suffer
---
Wait until it falls below 3950 before talking, right now it's just illusions
---
When the US stocks rally, the A-shares follow suit. Why do A-shares always seem so indecisive?
---
Volatility is coming, everyone. Don't expect a straight surge
---
If 3936 and 3950 can't hold, there's more to see later
---
To friends who took positions near the previous high, I wish you good luck
---
Instead of waiting for the 4034 breakout, better wait for it to fall back
View OriginalReply0
ReverseTradingGuru
· 01-06 06:52
The 4034 hurdle is really a nightmare, always getting stuck here, so frustrating.
View OriginalReply0
EternalMiner
· 01-06 06:51
The rebound show is good, but it seems like level 4034 will be a closed door.
View OriginalReply0
AirdropHunterXM
· 01-06 06:43
The rebound sounds great, but before reaching 4034, it's really easy to become a meat machine. People who see the high numbers and want to jump in should be careful.
View OriginalReply0
CrossChainMessenger
· 01-06 06:42
The rebound show is impressive, but the 4034 hurdle must be respected; chasing highs can easily lead to being trapped.
Wait, this wave is really going to oscillate to the end; forget about a straight surge.
The lines at 3936 and 3950 need to be watched closely; they probably won't be broken in the short term.
Driven by the rise of the US stock market, the A-shares staged a beautiful rebound today, with Chinese core assets all moving higher.
However, be cautious—when the index approaches or breaks through the previous high of 4034 points, that is precisely a signal to turn around. Don't mistakenly think it's a buying point for continued chasing. You can hold a core position to test the subsequent space, but blindly taking positions near the previous high is a bit risky.
The real opportunities to add positions are to wait for lower levels. The key is whether the market can hold steady above the 3936 points neckline support and the daily line at 3950 points EXPMA white line, but in the short term, the probability of breaking below these levels is not high.
Currently, focus on a few key numbers on the 60-minute level: the 5-day moving average at 4005 points and the 10-day moving average at 3985 points as support below; above, watch out for the resistance zone between 4034-4050.
Overall, this wave of market will unfold with repeated oscillations; don't expect a straight surge.