Technical Forecast | RA SILK ROAD (274.HK) had a death cross yesterday, continuing the short-term pressure pattern

At yesterday's close, RA SILK ROAD (274.HK) showed a clear death cross signal on the daily MACD indicator, raising market concerns about a potential peak. The MACD death cross is widely regarded as a warning of waning bullish momentum and a weakening market. Combined with the company's stock price having fallen below the 5-day and 10-day short-term moving averages for two consecutive days, right-side traders should be alert to the shift towards a bearish short-term trend. The current abnormal movement mainly reflects a lack of rebound strength, and the daily K-line structure struggles to recover short-term moving average support, indicating that the pressure state may continue