#今日市场观点
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【Grapefruit trend analysis】
K-line pattern: The recent price fell sharply on August 5, and then gradually recovered.
A long upper shadow line was formed on August 8, indicating greater upward pressure.
Technical indicators: MACD: DIF and DEA are both negative, but the MACD histogram has turned from negative to positive, indicating that the power of shorts has weakened and bulls have begun to exert force.
RSI: RSI14 is currently around 60, which is close to the overbought range, but has not fully entered. You need to pay attention to whether it will continue to rise or pull back.
EMA: EMA7 (5.851) has crossed EMA30 (5.807) and is moving closer to EMA120 (6.393). The short-term trend is bullish.
Trading volume: Trading volume increased significantly on August 8, reaching 23,776,350, indicating increased market activity. The trading volume in the past few days was relatively low, especially on August 7, which was only 6,986,604, indicating that the market was in a wait-and-see mood at that time.
[Yozi entry point reference]
Buying point one: 6-5.85 (6 is close to the integer mark and near the EMA7 support level, 5.85-the previous swing high and near the EMA30 support level)
Stop: 5.75 (within 1% below buy point two and below the previous swing low)
Short order entry: 6.5-6.8 (integer mark, also the recent upper shadow line pressure level and close to the previous high, there is a possibility of greater selling pressure)
Stop: 6.9 (within 1% above sell point two and above the previous swing high)
Remember to follow the trend and don’t force your way into the market.
