You have to stand firm in the box

On the MSM weekly chart, the recent stock price has formed a clear M peak pattern. This is generally regarded as a bearish signal, which indicates that the market may fall further. At present, the stock price has fallen below the MA20 EMA and is approaching the key box area downward.

The orange box area is an important support area. If the stock price continues to fall and effectively falls below this box (around 2.440 yuan), then it may cause greater selling pressure, leading to a further decline in stock prices. The recent decline was accompanied by relatively large trading volumes, which strengthened the confirmation of the downtrend.

Although the stock price is facing some downward pressure, don't be discouraged. Every adjustment saves strength for future growth. Near the current critical support level, the market may be brewing new opportunities. If the stock price can maintain the box support on the weekly chart and recover steadily, this will be a positive sign, indicating the possibility of a rebound.