Morning Trend | TINGYI consolidates at a high level, with increased volatility after digesting positive news

Tingyi Holding Corp (322.HK) has recently entered a consolidation phase at a high level, with the MACD showing signs of a top divergence after a golden cross, indicating that the previously released positive news has been largely digested by the market, leading to intensified short-term capital speculation. Yesterday, the stock tested the upper pressure several times during the trading session, with trading volume gradually shrinking, and the 5-day and 10-day moving averages intertwining repeatedly, resulting in a smooth oscillation in the K-line trend, creating a strong atmosphere of market observation. From a fundamental perspective, Tingyi's performance has continued to improve this year, and the decline in raw material costs has helped enhance profit margins. However, after a sustained rally, the pressure for valuation reversion is becoming apparent, with some funds choosing to cash out at high levels, causing fluctuations in the stock price. The market currently lacks new catalytic events in the short term, and bullish sentiment has cooled somewhat, with main funds primarily in a wait-and-see mode. Technical structure indicates that the 10-day moving average and the lower boundary of the range are the primary supports at present. If there is a significant volume breakdown in the short term, it may trigger a phase adjustment. Conversely, if there is an influx of incremental funds and a volume breakout, it may break through the consolidation platform. However, based on the current capital situation and the degree of positive news digestion, the market may maintain a wide oscillation at high levels. It is recommended to control positions, seize range-bound opportunities, and wait for new catalytic factors to emerge before making directional choices