Morning Trend | Daily Journal approaches lower support with reduced volume, is a rebound turning point coming?

Daily Journal Corporation (DJCO.US) has recently experienced a continuous decline, with short-term trading volume consistently shrinking, showing characteristics of a "firm base but no action" consolidation. Yesterday, it received slight support at a key technical support level (near previous lows), and community attention on the "turning point of the print media sector" has increased, with some long-term funds starting to accumulate positions at lower levels, attempting to position themselves for a counterattack wave. Although negative sentiment has not been fully digested, buyers have shown a willingness to patiently wait in the market, and initial signals of "not being able to fall further" have emerged. From a technical perspective, DJCO's short-term continuous adjustment has entered an oversold area, with the price increasingly diverging from the 5-day and 10-day moving averages. During periods of unusual market activity, major funds have shown protective actions, indicating that institutions have not abandoned their operations at the bottom. As trading volume shrinks to an extreme, the consolidation period is nearing its end. If external news boosts sentiment or a slight rebound in the broader market triggers a sector emotional resonance, a short-term rebound window is expected to approach. Currently, the holding sentiment is very delicate, with some funds hesitating and observing, while aggressive investors are betting on an "imminent reversal." It is worth noting that if there is active buying volume today and the price surpasses the 5-day moving average, the short-term market is likely to open the door for a rally, with the initial target set at the $200 round number and the unfilled gap above. On the risk side, if there is a sudden major negative event or if volume continues to shrink, the market will fall into a longer period of weak fluctuations, and caution should be exercised if the support level (around $190) is breached