3.29 Sunday $BIFI midday thoughts:
Today showed strong fluctuations, with a daily increase of over 21%. In the early session, it briefly reached a high of 124.8 before pulling back slightly, currently consolidating around 117.2. MA(7) has crossed above MA(25) and MA(99), and the moving average system is showing a bullish arrangement. The trading volume on the 4-hour level has significantly increased, with the VOL moving average (MA5) continuing to rise. MACD is running above zero in a golden cross, and the red bars maintain an expanding trend, indicating that buying momentum is still present. If it can hold above 101.9 (MA7), there’s a short-term possibility to challenge the 124.8 high again, and if broken, it could further look towards the previous platform area.
Operation Suggestions
Entry Range: 105.0 – 112.0
Target Positions: 124.8 - 135.0 - 145.0
Stop Loss Price: 98.0
The current price has entered a high-level consolidation after a significant volume increase. The trading volume has noticeably expanded compared to the previous few trading days. If it finds support near 108.0 on a pullback, one could consider buying in batches; if it can stabilize above 115.0 with increased volume, the rebound space may open further. It is important to note that if it effectively falls below 98.0, the short-term structure weakens, and strict stop-loss measures should be implemented.
Personal opinions are for reference only; trading involves risks, and investment should be cautious!
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