7.7 Afternoon Real-Time Supplement for “Er Bing”

Around the 1768-1770 area for “Er Bing,” test a light long cautiously; stop loss at 1763, targets 1773/1776;
In the 1773-1775 range above, wait for a counter-trend reversal (reverse control) opportunity; stop loss at 1779, targets 1770/1767.

From the 1773.53 high, the board has been pulling back all the way to 1756.69. On the 4-hour level, the spike faced pressure and then declined. The AVL average is 1770.96, basically in line with the current price. The short-term trend is consolidating with a slightly bullish bias. However, 1756 is the intraday low zone and also a clearly defined support area in the recent period—when volume shrinks as price approaches support, a rebound is easier to happen again.

Current volume has somewhat converged. Compared with the earlier down phase, the decline has already slowed and the selling has stopped as volume shrank. With shrinking volume approaching the support level, the probability of a deep drop is relatively low. The MACD green bars are gradually shortening, but the KDJ has entered a low range; technically, there is a need for rebound and stabilization/repair.

For intraday, first look at the 1768-1775 range. Only after a volume-backed hold above 1775-1777 can the upside space above be reopened; if it breaks below 1766, then it will pull back to 1763-1760.
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