IXIC is expected to rebound soon
After three weeks of volatile retracement, IXIC has successively fallen below MA250, MA30, MA20, as well as MA10 and MA5, and is currently near MA60. From a chart perspective, it currently has a top M-shape, which is often accompanied by a downtrend. However, considering that MA60 has certain support, the index is currently close to the half-year line (around 11,000 points). I expect it to rebound with support at this level and test the weekly MA60 level (around 12,088 points) again. After breaking through this level, it could reach around 13,100 points, with support at around 12,100 points on a pullback.
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