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1. K-line pattern:
Recently, the K-line has shown a clear upward trend, especially since May 20, 2024, with many long positive lines.
From June 3 to June 5, 2024, the market closed positive for three consecutive days, and the highest price continued to rise, showing strong buying power.
2. Technical indicators:
MACD: Both DIF and DEA are running above the zero axis, and DIF continues to diverge upward, showing that the market is in a bullish trend.
RSI: The current RSI is 63.0, close to the overbought zone, but has not yet entered the extreme overbought state, and there may be another wave of room for growth.
EMA: Short-term EMA7 > medium-term EMA30 > long-term EMA120, forming a bullish arrangement, supporting prices to continue to rise.
