Trendlines(US:TRNLY) Sou Hu Cai Jing·2025-04-20 09:35Core Viewpoint - The current market situation is characterized as neither bullish nor bearish, with a mid-term downtrend but a short-term bullish advantage. The decision on market direction may depend on external factors rather than just technical indicators [1][5]. Technical Analysis - The market needs to close above 3310 to be acceptable, above 3330 for a positive outlook, and above 3350 for a strong bullish signal. A close above 3290 is necessary for stability [2][9]. - The weekly chart shows a small bullish candle with a closing price of 3276, indicating a 1.19% increase. However, the mid-term outlook remains negative while the short-term shows slight bullishness [2][4]. - The weekly technical indicators suggest a mid-term downtrend, with MACD lines diverging downwards and KDJ lines showing a bearish crossover. The market is currently below key moving averages [4][8]. - A breakthrough of the downtrend line is possible if the trading volume supports it. The market must close above 3281 to break the downtrend established since 3439 [5][8]. Support and Resistance Levels - Key resistance levels are identified at 3285, 3297, and strong resistance between 3319 and 3342. Support levels are at 3258, 3247, with strong support between 3233 and 3193 [11]. - The critical threshold for market strength is at 3307, with various levels indicating bullish or bearish dominance based on closing prices [10][9]. Trading Strategy - The recommended trading strategy involves oscillating between the upper and lower gaps, with a focus on filling the upper gap for bullish positions and the lower gap for bearish positions [7].