LPT market analysis:
The current LPT price is 23.744, up 2.351 from the previous trading day, an increase of 10.99%. The chart shows that the price has experienced a significant increase in the past few months and is still in an upward trend recently.
The current price is currently above all three moving averages, indicating that the short-term, medium-term and long-term trends are bullish. In addition, the short-term moving average is also above the medium-term and long-term moving averages, further confirming the current upward trend.
Volume analysis: The bottom of the chart reflects the changes in trading volume. The recent trading volume is 588.585K, indicating a high level of market participation.
High trading volume is usually accompanied by a surge in prices, which means that the current price trend may have a high degree of credibility.
Support: 21.131 (25-day moving average), 17.732 (99-day moving average) Resistance: 28.000 (near the historical high)
Conclusion: At present, LPT shows a strong upward trend, and the short-term, medium-term and long-term moving averages all support this trend. The increase in trading volume also shows that the market recognizes this upward trend!
However, investors should pay attention to the critical point of 28.000, where they may encounter selling pressure. In addition, if the price falls back, 21.131 and 17.732 will be important support levels.
Market behavior involves announcements, and investment decisions should be combined with multiple aspects of information and operated with caution!
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