Morning Trend | Zhongsheng Holdings (881.HK) Key Support Approaches, Will the Automotive Circulation Experience Another Surge?
Zhongsheng Holdings (881.HK) performed extremely poorly during yesterday's trading session, with a defensive bias from the main players. The stock price repeatedly tested the HKD 18 level without strong support, and trading volume was low. The recent rotation in the automotive circulation sector has weakened, with industry data and policies lacking marginal surprises to stimulate the market. Rumors of a price war have put pressure on the fundamentals. The MACD has formed a death cross, and moving averages are under strong pressure. Pay attention to whether the key support at HKD 18 is breached. If there are signs of unusual activity from the main players or rotation signals during intraday trading, the sector may see a short-term opportunity
Zhongsheng Holdings (881.HK) performed extremely poorly during yesterday's trading session, with a defensive bias from the main players. The stock price repeatedly tested the HKD 18 level without strong support, and trading volume was low. The recent rotation in the automotive circulation sector has weakened, with industry data and policies lacking marginal surprises to stimulate the market. Rumors of a price war have put pressure on the fundamentals. The MACD has formed a death cross, and moving averages are under strong pressure. Pay attention to whether the key support at HKD 18 is breached. If there are signs of unusual activity from the main players or rotation signals during intraday trading, the sector may see a short-term opportunity
