Morning Trend | KINGSOFT CLOUD under pressure, can the support at 5.83 yuan hold?

On December 17th, Kingsoft Cloud (3896.HK) continued to weaken, fluctuating around the support level of HKD 5.83 throughout the day, with little buying interest. Short-term capital operation willingness is low, with most choosing to wait and see, while mainstream technical indicators continue to trend downward: the MACD death cross persists, and the moving average system is in a bearish arrangement, with short-term performance looking bleak. In the industry, the cloud computing sector has seen no significant orders or favorable policies released for several weeks, and news of new projects and collaborations from leading companies is rare. The willingness to increase positions in the capital market is extremely low, and industry rotation liquidity has significantly declined. Occasional small rallies are mostly fleeting, with no sustained buying power from the main players. Technically, if the support at HKD 5.83 is breached, it may trigger further declines. Future short-term opportunities mainly depend on unexpected positive news or unusual movements from the main players. Investors are advised to closely monitor intra-day capital flows and marginal changes in the industry, avoiding blind bottom-fishing in the short term. Volume and information catalysts are core factors for entry judgment. Without significant incremental support, the probability of the market continuing to weaken and consolidate is high, and risks of further declines and structural adjustments need to be continuously guarded against