Morning Trend | KINGBOARD HLDG's 10-20 defense line is under pressure, will the weakness trigger off-market fluctuations?

KINGBOARD HLDG has shown a weak falling characteristic in the past two trading days, continuing the significant reduction in positions by major players from the previous day. Throughout the day, it tested key support multiple times but failed to rebound. The overall capital outflow approached a one-sided state, and the short-term sentiment of major players quickly cooled down, with right-side trading users generally in a wait-and-see period for external catalysts to take effect. The main business in the PC and PCB industry chain is dragged down by the sluggishness of the semiconductor industry, and the pressure on the raw material side continues to rise, further dampening the liquidity of the entire sector.

This week, manufacturing-related news has been relatively bland, with mainstream catalysts mainly coming from fluctuations in raw material prices and market rumors of marginal improvements in orders from some electronic manufacturers in the south. However, this positive signal has not yet been fully reflected in the company's profit or order levels. Overall sector sentiment remains under pressure, with very limited signs of capital replenishment. Technically, KINGBOARD HLDG's daily indicators are all weak, with the short-term moving average system significantly suppressing upward space, and the MACD death cross deepening the bearish atmosphere. Various indicators show that only with a coordinated increase in market volume could a decent technical rebound be triggered; otherwise, the pressure of continuous decline remains unresolved.

From a risk perspective, if there are sudden large-scale collaborations or favorable policy news in the PCB and semiconductor industries, KINGBOARD may experience amplified volatility during trading. However, current mainstream expectations remain generally cautious. Intraday liquidity and large right-side orders will become the prelude to volatility. Once the market digests weak signals and new catalysts are released, it will trigger a short-term capital rush effect, leading to increased volatility. Currently, the market is primarily defensive, and investors should pay more attention to core capital flow and abnormal signals, dynamically setting risk exposure to prevent sudden events from amplifying losses. Persistently observing policy and industry dynamics is key to subsequent operations; do not blindly chase declines or sell off. The short-term fluctuation range of KINGBOARD HLDG may still be wide, and only significant improvements in macro variables and trading volume are expected to improve the weak pattern