GDS 1D - golden cross and key buying zoneOn the daily chart of GDS, price is moving within a steady ascending channel and is now correcting toward the key support zone at 31.08–33.14. This zone is reinforced by the 0.618 Fibo level (33.10), the lower channel boundary, and the cluster of SMA50/100/200 averages, which remain under buyers’ control. On the weekly timeframe, a golden cross has formed, signaling a long-term bullish momentum.
The current structure suggests a pullback into 31.08–33.14, followed by a potential bounce. If demand confirms in this area, the technical target lies at 39.74, with an extended bullish scenario aiming for the 1.618 Fibo at 50.49. A break below 31.00 would invalidate the bullish outlook.
Fundamentally , GDS continues to benefit from rising demand for data centers in China and active infrastructure expansion. The long-term trend is supported by strong capital inflows into the tech sector, though short-term corrections within the channel remain part of the normal cycle.
Tactical plan: watch for reaction in the 31.08–33.14 zone; a confirmed buy signal could trigger entries targeting 39.74 and 50.49. Strong setup, but requires disciplined execution.
