Morning Trend | Leapmotor Approaches Support, Is a Short-Term Turnaround for New Energy Coming?

Leapmotor (9863.HK) continued to decline during trading on the 16th, with a noticeable atmosphere of capital wait-and-see. It faced selling pressure right from the opening, and the fluctuation center of the day kept moving downward, with the stock price approaching the critical level of HKD 46.8, and no protective actions from the main forces were observed. The new energy vehicle sector as a whole is undergoing collective adjustments, with main capital choosing to exit, and the industry generally holds a pessimistic view on short-term opportunities. On the industry front, at the beginning of December, the new energy vehicle sector was dragged down by expectations of subsidy reductions and rising pressures from upstream raw material prices. Meanwhile, leading companies reignited the price war, with fierce competition among new forces and a slow recovery on the consumer side. The effect of hot topics has significantly weakened, and there is a lack of major orders or cooperation news this week, leaving the sector without new catalysts. In terms of technical trends, the MACD continues to turn bearish, with multiple moving averages forming a suppression structure. The support at HKD 46.8 is repeatedly under pressure; if it breaks down, there may be capital stop-loss exits, increasing liquidity pressure. In the short term, the external environment and sector policy dynamics are the main variables affecting market trends. As long as the support is not broken, there is still hope for short-term speculative opportunities. If there is a significant volume increase in unusual movements along with favorable sector news, a rebound from oversold conditions may be expected. Current investors need to closely monitor intraday capital flows and policy signals, seizing volatility opportunities in a timely manner and guarding against deep adjustments after breaking key support