Morning Trend | ZHONGYU ENERGY funds shrink and defend, sector style rotation shows divergence

On November 26th, ZHONGYU ENERGY performed sluggishly throughout the day, mainly affected by noise from industry news, with no significant catalysts in the utility sector and slow progress in macroeconomic recovery. The company's latest announcement did not bring substantial new benefits, and the stock price fluctuated within a narrow range during the day, with insufficient enthusiasm from right-side trading funds. The trading volume continued to shrink, and the market showed a dominant tendency to wait and see. Recently, the energy sector has been overshadowed by high-growth tracks, and the "old economy" has clearly fallen out of favor. The funding attention on ZHONGYU ENERGY has declined, and the market style has quickly switched, highlighting the trend of the utility sector becoming less popular. From a technical signal perspective, a MACD daily death cross has begun to appear, with the stock price breaking through the 5-day and 10-day moving averages, reflecting a weak technical pattern. However, the real driving force behind the trend is still the sentiment of funds, with a clear stalemate between bulls and bears. The market is focused on intraday trading changes and industry policy directions, with short-term traders being cautious. There are frequent unusual movements during the day, but it is difficult to gather an effective rebound. The 20-day and 60-day moving averages below have become defensive zones. If there are marginal policy changes or significant intraday volume movements, trading enthusiasm may slightly increase, but the overall direction remains primarily cautious