Morning Trend | BJ’s Wholesale Club shows signs of slowing down in bottoming out, is there an opportunity for capital to flow back in?
BJ's Wholesale Club (BJ.US) has recently continued to test lower levels, refreshing its adjustment low again in today's early trading. However, the extent of the intraday decline has narrowed, and signs of bottom buying are becoming increasingly evident, with the speed of the decline slowing down. Looking back at the previous trading days, although the main funds have been continuously selling pressure, the short-term short positions have gradually been released, and bottom-fishing buyers are entering the market in succession. The intraday chart shows that the trading volume in the bottom area is showing a trend of gradual expansion, and as soon as it dips and rebounds, there is active capital lifting the price, indicating that the bottom support momentum is accumulating. Market community sentiment is also becoming calmer, with many traders waiting for opportunities to catch a rebound, especially paying attention to intraday capital movements. The topic of "bottom return" is slightly heating up within the circle, and many lurking funds are eager to try. It is important to note that the current market has a fast rotation of hotspots, and cyclical adjustments in consumer stocks are frequent. The sustainability of the short-term counterattack mainly depends on whether the main funds continue to increase their positions. If today's overall trading volume follows the market's warming trend, BJ may establish a small upward opportunity in the bottom area. Once it stops falling and stabilizes, the opportunity for a bottom lift is worth paying attention to. The operational strategy suggests that when testing positions on dips, one should control the rhythm well, and it is not advisable to heavily invest before the bottom return is confirmed. Only wait for the trading volume to significantly exceed the average level, and whether it can stabilize and lift during the day is crucial. Overall, BJ's Wholesale Club is currently showing a weakening trend of bottom pressure, and "capital return" has taken shape, with short-term rebound opportunities slowly emerging. Pay attention to intraday trading volume and hotspot dynamics, and timely high sell low buy to lock in profits
BJ’s Wholesale Club (BJ.US) has recently continued to test lower levels, refreshing its adjustment low again in today's early trading. However, the extent of the intraday decline has narrowed, and signs of bottom buying are becoming increasingly evident, with the speed of the decline slowing down. Looking back at the previous few trading days, although the main funds have been continuously selling pressure, the short-term bearish forces have gradually been released, and bottom-fishing buyers are entering the market in succession.
The intraday chart shows that the trading volume in the bottom area is showing a trend of gradual expansion. As soon as it dips and rebounds, there is active capital lifting the price, indicating that the bottom support momentum is accumulating. Market community sentiment is also becoming calmer, with many traders waiting for opportunities to catch a rebound, especially paying attention to intraday capital movements. The topic of "bottom return" is slightly heating up within the circle, and many lurking funds are eager to try.
It is important to note that the current market hotspots are rotating quickly, and cyclical pullbacks in consumer stocks are frequent. Whether the short-term counterattack can be sustained mainly depends on whether the main funds continue to increase their positions. If today's overall trading volume follows the market's warming trend, BJ may be able to establish a small bullish opportunity in the bottom area. Once it stops falling and stabilizes, the opportunity for a bottom lift is worth paying attention to.
The operational strategy suggests that when testing positions on dips, it is necessary to control the rhythm well, and it is not advisable to heavily invest before the bottom return is confirmed. Only wait for the trading volume to significantly exceed the average level, and whether it can stabilize and lift during the day is crucial. Overall, BJ’s Wholesale Club is showing a weakening trend of bottom pressure, and "capital return" is taking shape, with short-term rebound opportunities slowly emerging. Pay attention to intraday volume and hotspot dynamics, and timely high sell-low buy to lock in profits
