Morning Trend | JINGKELONG is consolidating with reduced volume, can it hold on or is a trend reversal imminent?
Beijing JINGKELONG (814.HK) is currently in a phase of reduced trading volume and bottoming out. The daily MACD has issued a golden cross signal, and bottom buyers are gradually testing the waters for increased positions. Recently, the stock price has been consolidating at low levels, with a significant decrease in trading volume, leading to reduced market fluctuations and forming initial support at the lower moving averages. From a technical perspective, the risk in the bottom area is relatively low. If trading volume increases and breaks through the consolidation zone, a rebound window may be anticipated. However, if funds do not replenish in a timely manner and the bottoming fails, the potential for a downward wave may reopen. In the short term, it is advisable to pay attention to market trends and the overall environment of the sector. If the market warms up and there is simultaneous activity from major players, priority should be given to low-level breakout opportunities; conversely, if there is no breakthrough in consolidation, positions should be strictly controlled and a wait-and-see approach should be adopted. Overall, whether Beijing JINGKELONG completes its bottoming process will be jointly determined by the attitude of major funds and market sentiment, and a defensive strategy should be gradually adopted for entry
Beijing JINGKELONG (814.HK) is currently in a phase of reduced volume and bottoming out. The daily MACD has issued a golden cross signal, and bottom buyers are gradually testing the waters for increased positions. Recently, the stock price has been consolidating at low levels, with trading volume significantly shrinking, leading to reduced fluctuations in the market and forming initial support from the lower moving averages. From a technical perspective, the risk in the bottom area is relatively low. If the volume increases and breaks through the consolidation zone, a rebound window period may be expected. However, if funds do not replenish for an extended period, a failed bottoming could open up further downside space. In the short term, it is advisable to pay attention to market trends and the overall environment of the sector. If the market warms up and there are simultaneous movements from major players, priority should be given to opportunities for breakout from low levels; conversely, if there is no breakthrough in consolidation, positions should be strictly controlled and a wait-and-see approach should be adopted. Overall, whether Beijing JINGKELONG completes its bottoming will be jointly determined by the attitude of major funds and market sentiment, and a defensive strategy should be gradually adopted for entry
