4.16


Thought Process Analysis
Big Cake failed to break below 73,800 during two dips yesterday. It formed a bottoming rebound. During the rebound, it attempted to push higher twice but couldn’t hold above 74,800. The highs are gradually rising, so the trend is bullish.
74,400 is a key support level. If it holds, it will likely not revisit 73,800 again;
If it breaks, it will test 73,800 again. After losing it, support below will be at 72,600.
This rebound structure is improving step by step. The target is 76,000. Once achieved, you can consider reducing the core position. To continue the upward move, it needs an effective breakout and a firm hold above 74,800. With concentrated resistance at this level, intraday is likely to be mainly range-bound.

Trading Suggestions:
Big Cake: Pull back to 74,000-74,500 for a buy, target 76,000
Second Cake: Pull back to 2,310-2,340 for a buy, target 2,400
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