3.28 Saturday $CFG Lunchtime Thoughts:
Today saw a significant increase in trading volume with a 24-hour gain of over 9%, peaking at 0.1798 before retreating. The daily chart has broken through the previous consolidation level, and the current price is above MA(7) and MA(99), but under pressure near MA(25) at 0.1623, indicating a tug-of-war between bulls and bears. The 4-hour chart shows a significant increase in trading volume, and after the MACD golden cross below zero, the red bars continue to grow, indicating that funds are entering the market. Currently, it is consolidating near 0.1580; if it can stabilize effectively, it is expected to retest the 0.1620-0.1650 area soon.
Operation Suggestions
Entry Range: 0.1550 – 0.1590
Target Positions: 0.1625 - 0.1660 - 0.1720
Stop Loss Price: 0.1500
The current price is consolidating with support from MA(99), and the trading volume has significantly increased compared to the previous day, showing heightened activity from funds. If support is found near 0.1550, it may be a good opportunity to buy in batches; if it can stabilize above 0.1625 with increased volume, the rebound potential will further open up, possibly challenging the previous high of 0.1798. It is important to note that if it effectively breaks below the 0.1500 level, the short-term structure will weaken, and stop loss measures should be strictly implemented.
Personal opinions are for reference only; trading involves risks, and investments should be cautious!
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