Morning Trend | CHERY AUTO shrinks volume to test the bottom, is a rebound window coming?

CHERY AUTO (9973.HK) maintained a weak consolidation state throughout the day on January 15, repeatedly testing the HKD 30 integer level during the session. The new energy vehicle sector faced overall pressure, with foreign capital's attention on the A/H price ratio declining, and the dominant sentiment of main funds was one of wait-and-see, which dictated the day's trend. The intraday trading volume continued to decrease, and there were no signs of increased buying strength, leading to a more cautious overall sentiment among on-site investors. It is worth noting that the previous week, the government released several supportive policy signals for smart electric vehicles, but market funds have not actively responded due to a wait-and-see approach for short-term performance realization. CHERY AUTO has not seen new orders, collaborations, or significant positive news during this adjustment cycle, resulting in fluctuating intraday fund flows. Most right-side trading users flexibly grasped swing opportunities, but their willingness to participate was not strong. From a technical perspective, the MACD has once again shown a death cross this year, with no signs of a stabilizing golden cross in the short term. The market is paying more attention to the sustainability of volume and intraday rebounds. As long as trading volume cannot effectively recover, market participation enthusiasm will remain low. If there are sudden proactive buy orders or sector linkage strengthening during the session, it will be important to closely monitor whether a short-term speculative window opens. The strategy suggests continuing to prioritize risk control, paying attention to sudden market movements, and waiting for the emergence of new catalytic factors from external and company sides. Short-term fluctuations are intensifying, and aggressive operations with heavy positions should be avoided