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Evening market analysis on August 28
The rebound from 4465 during the day highlights the strong buying pressure from bulls, with the moving averages still showing a bullish arrangement in the short term, leaving a technical inertia for upward movement. If momentum can be regained in the evening to break through 4633, it is expected to activate follow-up buying and continue the rebound.
Near 4520-4560, target 4650, if broken then look at 4750.