Morning Trend | Xiaomi Group -W Approaches Support, Is Capital Movement About to Ferment?

Yesterday's closing, Xiaomi Group -W faced pressure again, with a heightened atmosphere of capital wait-and-see in the afternoon, and the stock price hovered close to the recent low point. The current market shows insufficient active buying momentum, and short-term sentiment is relatively weak. The Hang Seng TECH Index performed flat overall, with external news lacking highlights. There is little industry news in the smartphone and IoT sectors where Xiaomi operates, and no new products or overseas collaborations are seen to stimulate the market in the short term. Recently, there have been market voices focusing on Xiaomi's latest developments in the smart car field. Although there has been no key announcement from the official side, the heated discussions around Huawei's automotive topics have brought some linkage. The capital side still tends to be defensive, with significant pressure from the release of existing chips. If there are policies or new energy vehicle themes to boost the market during the session, the sector is expected to respond. Under the backdrop of "MACD continuing to be under pressure," KDJ and RSI continue to wander at low levels, indicating limited technical buffer space. Whether the short-term main force will choose to break through with unusual movements has become today's focus. In terms of risk, if there is no increase in volume or weak sector linkage, the weak pattern is likely to spread. If there are large orders or new dynamics during the session, a rhythm switch may be seen in the short term. Right-side trading funds are generally holding their breath, wary of false signals and sudden news disturbances. Overall, Xiaomi Group -W is currently in a wait-and-see and critical choice period. Without new incremental funds and themes entering, it may seek further support downward. It is recommended to strictly control positions in operations and closely monitor intraday transactions and marginal changes in the industry. In the current weak market pattern, prudent investors can patiently wait for structural opportunities to emerge