#技术分析 Today’s bearish candle is pretty brutal.
The current price is 550.9, down 7.7% for the day, sliding from 604 to around 542. The 7-day low is right at its feet.
The moving averages are in a bearish alignment, with the price below MA7 (580.9) and MA25 (599.9). It has also broken below the lower Bollinger Band at 563.7. Since the MACD death cross, the histogram has continued to widen to the downside (-4.26), while volume has climbed 1.44x. A breakdown on heavy volume is hard to dismiss.
However, the RSI is already at 25.8, in oversold territory, so chasing a short is becoming less attractive in the near term.
There are two possible scenarios: if it holds above the 7-day low of 541.8, look for an oversold bounce, first toward 563.7 and then 595.7. But if it closes below 541.8, there isn’t much meaningful support below.
The current price is 550.9, down 7.7% for the day, sliding from 604 to around 542. The 7-day low is right at its feet.
The moving averages are in a bearish alignment, with the price below MA7 (580.9) and MA25 (599.9). It has also broken below the lower Bollinger Band at 563.7. Since the MACD death cross, the histogram has continued to widen to the downside (-4.26), while volume has climbed 1.44x. A breakdown on heavy volume is hard to dismiss.
However, the RSI is already at 25.8, in oversold territory, so chasing a short is becoming less attractive in the near term.
There are two possible scenarios: if it holds above the 7-day low of 541.8, look for an oversold bounce, first toward 563.7 and then 595.7. But if it closes below 541.8, there isn’t much meaningful support below.
