First resistance 28,500: a high-activity trading zone in the near term, and the first hurdle for a short-term rebound;

2. Strong resistance 29,000～29,200: multiple moving averages converge—if it can’t keep holding steady, the rebound ends;

3. Major resistance 29,700–30,000: the starting point of this round of correction—only by reclaiming it can the uptrend return.

Support levels (from near to far)

1. Short-term support 28,050～28,100 (Friday last week’s low), of utmost importance
A valid breakdown would open up further downside room;

2. Secondary support 27,500;

3. Strong medium-term support 27,000 (near the 200-day moving average), the bulls’ lifeline in this round.