Morning Trend | UNITED LAB (3933.HK) shows weakness in intraday trading, is the marginal signal of sector sentiment worth tracking?
UNITED LAB (3933.HK) faced downward pressure yesterday, with funds tentatively flowing out after the opening, and multiple attempts to hold the HKD 8.5 range during the day. The company has had no new positive news for three days, and the sentiment in the pharmaceutical sector is low, with scattered buying. The MACD shows a slight death cross and is under pressure from moving averages. Attention should be paid to whether there is an unusual large inflow of funds at support points. If support is lost in the short term, there may be a risk of structural overselling, and any unusual movements should be verified in conjunction with the overall sentiment of the sector
UNITED LAB (3933.HK) faced downward pressure yesterday, with funds tentatively flowing out after the opening, while maintaining the HKD 8.5 range multiple times during the day. There have been no new positive developments for the company in three days, and the sentiment in the pharmaceutical sector remains low, with scattered buying. The MACD shows a slight death cross and is under pressure from moving averages, so attention should be paid to whether there is an unusual large inflow of funds at support points. If support is lost in the short term, there may be a risk of structural overselling, and any unusual movements should be verified in conjunction with the overall sentiment of the sector
