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The current market trend has already shown the characteristics of a typical bull stock. Looking at those strong targets, although there are occasional large-volume downward candles, this does not mean the end of the bull market.
To be honest, looking at technical indicators alone has become meaningless. The market has long entered the overbought zone, but every time it dips, someone is there to buy in. Volume spikes are proof of that. At such times, traditional technical analysis has become ineffective, and market sentiment is so hot that it cannot be explained by indicators. We need to switch to a bullish stock logic to respond.
There is a consensus in the industry: the lifeline of a strong stock is the 5-day moving average. But truly big bull stocks? They often firmly stand within an upward trend supported by the 10-day moving average and are not easily broken through effectively. The current market situation is like this. As long as the 10-day moving average is not effectively broken, even if there is a brief intraday dip, it can quickly recover the next day. This indicates that the market is far from over.
So, why not treat the market as a bullish stock and use this logic to analyze the trend? When combined with chart observations, these characteristics become even clearer.