Morning Trend | JIANGXI BANK's key support is repeatedly contested, is a trend change action coming?
Jiangxi Bank (1916.HK) has been fluctuating in a narrow range of HKD 0.69 - 0.73 in the latest trading days, with the banking sector overall trending weak. During this phase, concerns about stricter credit assessments for small and medium-sized banks and tight funding have intensified, leading to a low willingness for large capital to enter the market. In terms of K-line structure, the moving averages and MACD have formed a death cross resonance, indicating a lack of upward momentum and cautious market trading. After previous capital realization, the market is currently in a consolidation structure characterized by stock game and technical weakness. If the trading volume does not increase during the day, the market is likely to experience repeated weak fluctuations. Only with the emergence of news catalysts or favorable policies can we expect capital to flow back and attempt a new round of rebound. Short-term focus should be on regulatory policies and the rhythm of industry credit issuance, while intraday capital anomalies and fluctuations at key support levels remain the core of trading decisions. Investors should prioritize position control to guard against sudden risks
Jiangxi Bank (1916.HK) has been fluctuating in a narrow range of 0.69 to 0.73 yuan in the latest trading days, with the banking sector overall trending weak. During this phase, concerns about stricter credit assessments for small and medium-sized banks and tight funding have intensified, leading to a low willingness for large capital to enter the market.
In terms of K-line structure, the moving averages and MACD have formed a death cross, indicating a lack of upward momentum and cautious market trading. After previous capital realization, the market is currently in a consolidation structure characterized by stock game and technical weakness. If the trading volume does not increase during the session, the market is likely to experience repeated weak fluctuations. Only with the emergence of news catalysts or favorable policies can we expect capital to flow back and attempt a new round of rebound.
In the short term, it is essential to focus on regulatory policies and the rhythm of industry credit issuance, as well as the fluctuations of intraday capital movements and key support levels, which remain the core of trading decisions. Investors should prioritize position control to guard against sudden risks
