Morning Trend | NETDRAGON experiences wide fluctuations, is a short-term volume-price resonance coming?

NetDragon (777.HK) experienced significant intraday fluctuations yesterday, with the stock price repeatedly rising and falling, primarily driven by short-term funds engaging in rapid speculation. The education technology sector has faced tightening macro policies since the beginning of the year, leading to unclear short-term main lines. Additionally, the collaboration news with overseas education groups has yet to materialize, limiting the sustainability of speculative trading. On the technical side, the MACD death cross continues, with the support level of HKD 10.33 being tested repeatedly without being breached, indicating a clear tug-of-war in the market. The market lacks incremental buying pressure, with profit-taking and short-term floating positions competing against each other, resulting in an overall defensive sentiment. If there is a surge in intraday trading volume accompanied by news in the short term, there may be room for a quick short-term recovery. However, caution is advised as the sector may test new lows under pressure. Right-side fund operations should closely monitor leading signals and intraday trends, with priority given to position management