PIPPIN's performance this noon is interesting. There was a clear correction between 2 PM and 3 PM, but the downtrend did not continue; instead, it quickly rebounded. Looking at the 1-hour K-line, it has been in a continuous upward trend recently. What does this situation indicate? The selling pressure is clearly insufficient, and the bearish force is weakening.

Since it cannot break down, the technical logic points in one direction— the previous high will eventually be broken. Once the previous high is lost, it is highly likely to test the 0.6 psychological level. Based on the current pace, this breakout may be just around the corner. Friends interested in going long can pay close attention, as a suitable entry point is already forming.