【See Increase】
RAY is currently quoted at 1.376, up 7.72% over the past 24 hours. The 7-day increase is 0.48%. The intraday range is 1.194–1.408, with a volatility of 18.0%.
【Market View】
During the market’s bottoming phase, RAY can still stay red for the past 24 hours, suggesting independent capital is propping it up.
As long as 1.194 is not lost, the current pullback can be considered a strong consolidation.
In the same period, the broader market is only -0.77%, so RAY’s +7.72% represents an outperformance.
In the short term, it leans bullish.
【Bullish Reasons】
Over the past 7 days the overall gain is only 0.48%, yet a single day surged 7.72%—this kind of sharp rally is most likely to give back.
The structure above 1.194 has not turned bearish. 1.408 is the resistance level to be tackled next.
Keep an eye on it: if the broader market turns and pulls back, the higher-position shares in RAY could loosen at any time.
For trading, use 1.194 as the stop-loss. On the upside, look for room to break above 1.408.
$RAY #RAY
RAY is currently quoted at 1.376, up 7.72% over the past 24 hours. The 7-day increase is 0.48%. The intraday range is 1.194–1.408, with a volatility of 18.0%.
【Market View】
During the market’s bottoming phase, RAY can still stay red for the past 24 hours, suggesting independent capital is propping it up.
As long as 1.194 is not lost, the current pullback can be considered a strong consolidation.
In the same period, the broader market is only -0.77%, so RAY’s +7.72% represents an outperformance.
In the short term, it leans bullish.
【Bullish Reasons】
Over the past 7 days the overall gain is only 0.48%, yet a single day surged 7.72%—this kind of sharp rally is most likely to give back.
The structure above 1.194 has not turned bearish. 1.408 is the resistance level to be tackled next.
Keep an eye on it: if the broader market turns and pulls back, the higher-position shares in RAY could loosen at any time.
For trading, use 1.194 as the stop-loss. On the upside, look for room to break above 1.408.
$RAY #RAY
