Yitai Evening Silk Road

Yitai has also broken through previous highs and reached new highs. Now, it’s just one step away from the resistance at 2200. As long as Yitai can stay above 2147 and not fall below the flag pattern at 2108 during a pullback, there is still upward momentum. If it breaks below the flag pattern, a wave of correction may occur, retesting the area around 2084. If it holds, nothing will happen; breaking below 2084 will lead to a retest of the price level marked by the white arrow, which corresponds to the support zone of 2043-2018. Honestly, I don’t really like this kind of rally without a pullback. Although the price is rising, it feels a bit unstable. I prefer the kind of rally that takes three steps forward and one step back, which feels more reassuring. But the market is always right, so don’t question it.

Yitai broke through 2158 with volume, and on the right side, look for long entries on rebounds. If it drops below 2145 with volume, look for short entries on the right side. Pay attention to volume changes and set proper stop-losses.
On the hourly chart, if it stabilizes above 2158, look for targets at 2200-2234.
On the 4-hour chart, if it breaks below 2121, look for downside targets at 2082-2040.

The daily chart of Yitai has returned to the middle of the box near 2139. Currently, the daily chart is trading above 2139, but it has not closed yet. We will know by 8 a.m. tomorrow whether Yitai’s daily level has broken through 2139. As long as it stays above 2139, the daily upward trend will begin, and we can look forward to Yitai challenging the upper target of 2357. Whether it can hold above 2139 will be known by 8 a.m. tomorrow. If it cannot stay above 2139, it will continue to consolidate within the daily box range.