Morning Trend | Datang Power oscillates on the edge of being oversold, with sudden positive news as a key variable?

Datang Power (991.HK) has recently seen its stock price hovering at the edge of oversold territory, with the daily MACD death cross remaining unchanged, and short-term rebound attempts have been unsuccessful. The market is weak and fluctuating, with extremely low trading volume, and capital is primarily in a wait-and-see mode. The thermal power sector is generally constrained by fluctuations in coal prices and weak electricity demand, leading to weak industry expectations. Datang Power lacks upward momentum for a breakout in the short term, but the company has potential highlights in its long-term green transformation and capacity enhancement. From a technical perspective, if the stock price continues to fluctuate in the oversold range, attention should be paid to whether there are policy or positive news drivers that could trigger a rebound. Otherwise, it is likely to remain in a low-level consolidation phase. In terms of operational strategy, it is advisable to be cautious of market fluctuations in the short term and manage positions carefully. If there are subsequent policy changes or extreme weather conditions in the industry that provide independent positive stimuli, one should actively monitor for unusual signals. However, until there are clear signs of reversal, the main strategy should be to buy low and quickly enter and exit positions