Morning Trend | TIANGONG INT'L funds bottom replenishment, new materials concept short-term rebound window opens?
TIANGONG INT'L (826.HK) has reached a critical bottom replenishment point this week, with the stock price rebounding yesterday. Bulls attempted to lift the price during the session, driving up the new materials and steel concepts. The company's recent developments in the new materials business have received positive coverage from the industry and media, supporting morale. At the same time, there are clear signs of capital returning to the sector, marking a temporary end to the previous continuous adjustments. From a technical perspective, the 5-day and 10-day moving averages show a clear "bottoming" pattern, with a MACD bottom golden cross appearing. Trading volume has gradually increased from the bottom, and capital is slightly active in testing the waters. In terms of market sentiment, "low-position digging" has become the main theme, with some right-side capital inclined to build bottom positions, waiting for subsequent positive developments to materialize. The focus in the future will shift to industry policy catalysts and new order progress. If favorable news emerges, short-term sentiment may further heat up, leading to a substantial breakthrough in stock prices. If trading volume increases, it is expected to open a window for catch-up gains. Conversely, if trading volume continues to languish, caution is needed regarding the risk of a rebound being thwarted due to declining sector enthusiasm. Overall, it is recommended to enter and exit quickly, closely monitoring intraday trading and short-term trend reversals to seize structural rotation opportunities
TIANGONG INT'L (826.HK) has reached a critical bottom replenishment point this week, with the stock price rebounding yesterday. Bulls attempted to lift the price during the session, driving up new materials and steel concepts. The company's recent developments in the new materials business have received positive coverage from the industry and media, supporting morale. At the same time, there are clear signs of capital returning to the sector, marking a temporary end to the previous continuous adjustments.
From a technical perspective, the 5-day and 10-day moving averages show a clear "bottom-fishing" pattern in the short term, with a MACD bottom golden cross appearing. Trading volume has gradually increased from the bottom, and capital is slightly active in testing the waters. In terms of market sentiment, "low-position digging" has become the main theme, with some right-side capital inclined to build bottom positions, waiting for subsequent positive developments.
The focus of the market will shift to industry policy catalysts and the progress of new orders. If favorable news emerges, short-term sentiment may further heat up, leading to a substantial breakthrough in stock prices. If trading volume increases accordingly, it is expected to open a window for catch-up gains. Conversely, if trading volume continues to be sluggish, caution is needed regarding the risk of a rebound being stifled due to declining sector enthusiasm. Overall, it is recommended to enter and exit quickly, with a focus on monitoring intraday trading and short-term trend reversals to capture structural rotation opportunities
