LPT is currently hovering around 3.74. The price is just slightly below the 7-day moving average, a little higher than the 25-day moving average (3.70), but still some distance away from the 99-day moving average (3.97)—overall looking neutral, with a slight weakness.
Looking down, 3.62 is a direct support; if it cannot hold, it is estimated to slide towards the 3.40-3.50 area. On the upside, it must first overcome the hurdle at 3.97, which is the position of the 99-day moving average (, and then there will be a chance to reach the previous high point range of 4.10-4.25.
The trading volume is quite interesting - during the previous drop, the volume was clearly high, but then it shrank. This indicates that the selling pressure has eased, but the buying strength is not strong either.
In simple terms: although there are some signs of stabilization in the short term, the overall momentum is still weak. Unless the price and volume can firmly stand above the 99-day moving average, this state of weakness will continue.
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LPT is currently hovering around 3.74. The price is just slightly below the 7-day moving average, a little higher than the 25-day moving average (3.70), but still some distance away from the 99-day moving average (3.97)—overall looking neutral, with a slight weakness.
Looking down, 3.62 is a direct support; if it cannot hold, it is estimated to slide towards the 3.40-3.50 area. On the upside, it must first overcome the hurdle at 3.97, which is the position of the 99-day moving average (, and then there will be a chance to reach the previous high point range of 4.10-4.25.
The trading volume is quite interesting - during the previous drop, the volume was clearly high, but then it shrank. This indicates that the selling pressure has eased, but the buying strength is not strong either.
In simple terms: although there are some signs of stabilization in the short term, the overall momentum is still weak. Unless the price and volume can firmly stand above the 99-day moving average, this state of weakness will continue.