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LAB Morning Market View
Overall, the upward momentum remains weak and ineffective; the market has repeatedly attempted to push higher at higher levels but failed to continue. The chart shows clear pressure, and in the short term it has entered a phase of sideways trading, pulling back, and consolidation.
The upward structure is gradually weakening; overhead selling pressure continues to accumulate. Short-term small fluctuations are only oscillation and repair, not a sign that the bulls are re-gaining strength. Going forward, the overall downward correction room is gradually opening, and the rebound strength is getting weaker and weaker.
Short-term upward oscillations are still just range-bound adjustments back and forth. Blindly chasing at lower levels can easily put you in a passive position. It is more prudent to view the pullback according to the rhythm at higher levels.
Trading Suggestions
Sell in batches at 2.7850-2.8800
Target
2.7000-2.6000
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