000660 Buy analysis
- Confidence
- 75
- Entry
- 2,415,000
- Target
- 2,680,000
- Stop
- 2,200,000
- Published
- 2026-07-03
Summary
The asset is exhibiting a sharp V-shaped rebound from a strong support level near 2,100,000, backed by a surge in buying volume.
Trend
While the medium-term trend saw a sharp correction from the peak of 3,002,000 down to 2,045,000, the immediate short-term momentum has turned highly bullish, establishing a strong local bottom.
Patterns
A clear V-bottom or potential double bottom setup is forming around the 2,100,000 to 2,200,000 zone, indicating selling exhaustion followed by aggressive accumulation.
Indicators
The price has surged past immediate resistance with a high-volume spike indicating institutional or strong retail backing, breaking above short-term moving averages.
Strategy
Enter long on minor pullbacks or at current levels to capture the continuation of the relief rally/reversal toward the key moving averages above.
For reference only, not investment advice. Trading decisions are your own.