Morning Trend | SHIMAO GROUP's volume surged and then fell, will it attract a wave of bargain hunting?
SHIMAO GROUP faced significant pressure in the market yesterday, with a sudden increase in trading volume towards the end of the session, leading to a phenomenon of capital stampede. The real estate sector is in a standoff between bulls and bears, awaiting financial reports or major policies, while some institutions have slightly reduced their positions, resulting in increased volatility; there were rumors of state-owned enterprises making acquisitions during the session, but no concrete actions were observed, and the impact on SHIMAO was limited. The MACD indicator has once again dipped, with the 5-60 day moving averages in a bearish arrangement, putting pressure on the bullish sentiment, and short-term rebounds can only rely on "stealthy replenishment." The market remains skeptical about whether the trading volume can reverse the downward trend, and currently, the selling pressure is even greater, making it difficult to stabilize without new acquisition or capital inflow signals. Overall, the market remains defensive. Risk warning: If the trading volume continues to surge and support levels are frequently breached, panic selling may be further ignited
SHIMAO GROUP faced significant pressure in the market yesterday, with a sudden increase in trading volume towards the end of the session, leading to a phenomenon of capital stampede. The real estate sector is in a standoff between bulls and bears, awaiting financial reports or major policies, while some institutions have slightly reduced their positions, resulting in increased volatility; there were rumors of state-owned enterprises making acquisitions during the session, but no concrete actions were seen, and the impact on SHIMAO was limited. The MACD has once again dipped, with the 5-60 day moving averages in a bearish arrangement, putting pressure on the bullish sentiment, and short-term rebounds can only rely on "stealthy replenishments." The market remains skeptical about whether the trading volume can reverse the downward trend, with current selling pressure being even greater, and without new acquisition or capital inflow signals, stabilization is difficult. Overall, the market remains defensive.
Risk Warning: If there is continued heavy selling during the session, frequent breaches of support may trigger further panic selling
