Morning Trend | INGDAN approaches the "three blocks" threshold, will the main force take action as sentiment rises?
INGDAN (400.HK) closed again at a new recent high yesterday, with active performance throughout the day and intensified capital speculation. The technology innovation sector has recently recovered, combined with the overall improvement in liquidity in the Hong Kong stock market, driving INGDAN to become a hotspot for short-term capital chasing. Specifically, around 3 HKD serves as a key psychological barrier, with both bulls and bears repeatedly battling here. During the day, there were both high-frequency large-scale active purchases and core funds gradually distributing at high levels, significantly heating up overall trading sentiment. From a technical perspective, the short-term 5-day and 10-day moving averages are in a bullish arrangement, and the MACD momentum bars have significantly strengthened, with the stock oscillating upward throughout the day and repeatedly testing resistance zones. Trading volume has continued to expand from previous low levels, indicating that the main market forces are shifting towards the active end. However, the rapid increase in volume in the afternoon high point area accompanied by a slight pullback in stock price shows signs of some main forces reducing positions, reflecting lingering concerns under short-term sentiment-driven conditions. On the other hand, there have been no sudden major positive developments at the sector or individual stock level recently, with the movement primarily driven by liquidity and sentiment. Risk warnings are raised, especially under extreme short-term overbought conditions. Historical reviews show that after high-level anomalies, the stock is prone to rapid pullbacks following main forces pushing prices up to unload. Investors are advised to closely monitor intraday trading and capital flows, paying attention to the intense speculation around 3 HKD. If subsequent trading volume cannot continue to expand or if there are divergences in capital, adjustment pressure may erupt at any time. Considering the rotation rhythm of the Hong Kong stock sector and INGDAN's own volatility elasticity, short-term operations should favor light positions for new entries or gradually cashing out on highs to avoid non-systematic risks brought by intraday volatility
INGDAN (400.HK) closed again at a new recent high yesterday, with active performance throughout the day and intensified capital speculation. The technology innovation sector has recently recovered, combined with the overall improvement in liquidity in the Hong Kong stock market, driving INGDAN to become a hotspot for short-term capital chasing. Specifically, around 3 HKD serves as a key psychological barrier, with both bulls and bears repeatedly battling here. During the day, there were both high-frequency large-scale active purchases and core funds gradually distributing at high levels, significantly heating up overall trading sentiment.
From a technical perspective, the short-term 5-day and 10-day moving averages are in a bullish arrangement, and the MACD momentum bars have significantly strengthened, with the stock oscillating upward throughout the day and repeatedly testing resistance zones. Trading volume has continued to expand from previous low levels, indicating that the market's main force is shifting towards the active end. However, the rapid increase in volume in the afternoon high point area accompanied by a slight price pullback shows signs of some main forces reducing positions, reflecting lingering concerns under short-term sentiment-driven conditions. On the other hand, there have been no sudden major positive developments at the sector or individual stock level recently, primarily driven by liquidity and sentiment.
Risk warnings are raised, especially under extreme short-term overbought conditions. A review of history shows that after high-level anomalies, this stock is prone to rapid pullbacks following main force sell-offs. Investors are advised to closely monitor intraday trading and capital flows, paying attention to the concentrated speculation around 3 HKD. If subsequent trading volume cannot continue to expand or if there is a divergence in capital, adjustment pressure may erupt at any time. Considering the rotation rhythm of the Hong Kong stock sector and INGDAN's own volatility elasticity, short-term operations should favor light positions for new entries or gradually cashing out at highs to avoid non-systematic risks brought by intraday volatility
