Morning Trend | CMOC (3993.HK) High-level Fluctuation, Mining Sector Attracts Capital Favor

CMOC (3993.HK) repeatedly refreshed its stage high during intraday trading yesterday, maintaining a high-level oscillation pattern overall. There has been some fund switching in the mining and non-ferrous metal sectors, while stocks related to new energy materials continue to attract short-term active funds. The market shows that after significant transactions by the main players in the morning, the willingness to hold has become moderate, with fund rotation and short-term trading noticeably accelerating. Global electric vehicle sales continue to grow steadily, and the demand for important metals such as cobalt and copper remains strong, driving the resource sector to attract a large influx of short-term funds. CMOC recently announced new progress in overseas cooperation, accelerating its international expansion pace, which has increased market attention. Coupled with sector rotation and a recovery in the industry fundamentals, the stage heat has gained support. From the perspective of funds and the market, the recent increase has slowed down, and some main funds are facing phase profit-taking pressure. The long-short sentiment remains balanced, and whether the sector can continue to break through with increased volume largely depends on the degree of fund cooperation and subsequent news catalysts. The previous highs and mainstream technical ranges have become the core of intense long-short battles, with short-term opportunities and risks coexisting in hot sectors. The resource sector faces certain pressure at high levels, and the fundamentals and sector heat provide short-term support; however, if rotation weakens or new catalysts are lacking, there may be a need to be cautious of pullback pressure. Investors are advised to pay attention to the intraday transaction support situation, flexibly grasp the rhythm, and prepare for potential phase pullbacks