July 7th closing review: The bottom has been established, a rebound is expected. After three and a half days of market closure and considering various news, the market, after being strong for several days, finally chose to pull back. MP re-enacted the June 11th trend after opening today, completing a V-shaped reversal within half an hour, then oscillating above the average price for the entire day. However, unlike the steady pullback of the market, today MP's intraday trend changed the pessimism of previous days, showing considerable resilience. The funds saw a massive outflow in the morning, which flipped to an inflow before noon, indicating that funds from large trades played a dominant role. While filling the previous gap, today also left a downward gap above; additionally, today's Volume was the second lowest since this round of adjustments, and the adjustment did not trigger excessive panic. The KD has narrowed, MACD green bars have expanded, forming a dead cross between the 5-day and 20-day averages. Outlook for the market: Today happens to be the 9th day of the magical nine-turn, and the second day of the stock price breaking below the 20-day average. Based on today's trading situation, the probability of challenging and standing above the 5-day average tomorrow exceeds 60%; furthermore, if the close tomorrow is above 32, it is hoped to see the 5-day average turning upwards. Hopefully, tomorrow will confirm this!

If you want to keep track of the progress of MP in the long term, please log in to their X webpage often: X.com/mpmaterials, as the information is updated quite timely.

Today's pullback in MP is still influenced by some news: the United States has lifted the block on three chip software companies against China and removed the export restrictions on ethane to China. If this is the case, then today's decline should be quite limited, and the rise in the afternoon should be due to the protective funds from the bulls. Now, the US side has proactively passed the ball to China to see if China will continue to restrict rare earth exports. What do you all think? I believe that China will definitely not easily let go of its control over rare earths. Currently, the US-Vietnam tariff agreement contains obvious anti-China content, and the US will copy this clause into tariff agreements with other countries. How could China just let this go?

July 3 closing review: The market quickly fell after opening today, basically returning to the starting point of yesterday's early morning surge, and then bounced around the average price line, with the 20-day moving average being lost and regained during the session. Although it failed to close above the 20-day, there were several highlights during the session: 1. The bottom is gradually rising; 2. Despite the Volume hitting a new low, considering that trading was reduced by 3 hours, the actual trading volume increased; 3. After the test surge during the session, the capital shifted from Outflow in the morning to Inflow. For technicians, it is very difficult to accurately judge the gains and losses at key positions, including the gold cross of the 4-hour KD which was also lost and regained. Theoretically, if the price falls below the 20-day moving average and does not recover within 3 days, it is considered that the 20-day moving average has been effectively lost. However, regarding the example of Unity Software mentioned the day before yesterday, it surged 7.62% today, and after falling below the 20-day for 10 days, a single bullish candle nearly created a new closing high. It must be said that there is now the possibility of entering a protracted battle. If today's lost ground is not promptly recovered after the holiday, there will be a death cross between the 5-day and 20-day moving averages, which requires mental preparation.

If the neckline of the right shoulder is broken, those with light positions can add to their holdings. The neckline is at 32.42, which not only stands above the 20-day average but also breaks through the 5-day average.

With the 5 moving average acting as resistance above and the 20 moving average providing support below, it creates a dilemma.

I just looked at the trend of the past few days using the 15-minute Candlestick chart, isn't this a typical head and shoulders bottom pattern? It is currently forming the right shoulder!