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1.12 Monday Morning Thoughts
Based on the current chart, the daily timeframe is operating between the middle and upper bands of the Bollinger Bands, without breaking below the medium-term upward trend support. The MACD histogram remains above the zero line with increasing volume, indicating strong bullish momentum.
Morning trading suggestion: focus on buying during pullbacks.
Market stance: buy in the 3110-3070 range, with a target around 3200.
For aggressive traders, consider entering in batches and setting proper defensive positions.
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