JIANGXI COPPER (358.HK): Aligning with commodity trends, bulls are making efforts, but short pressure needs to be cautious

Jiangxi Copper has recently performed well, rising in tandem with international copper prices and continuously attracting attention from market funds. During trading, the stock price once approached a new high for the period, with the significant bull market effect in international commodities and expectations for infrastructure in Europe and the United States driving industry valuation recovery. It is noteworthy that the company has not made any new major announcements, but the influx of funds is evident, indicating strong trend trading behavior within the sector. On the trading front, short-term bulls are actively entering the market, and trading volume is rapidly increasing. Major indicators during this period remain in a bullish arrangement, and the trading atmosphere is relatively positive. Nevertheless, signs of overheating are gradually accumulating, and by the close, related technical overbought indicators have reached high levels, leading many traders to become cautious, with some funds choosing to take profits after the price increase, resulting in greater divergence in the late session and intensified market fluctuations. The mainstream view in the market suggests that the copper sector's future volatility may be more influenced by overseas macroeconomic conditions and changes in copper prices. If there is a divergence in price and volume or adverse external news impacts, correction pressure may arise at any time. However, if it coincides with industrial policies or a new wave of global infrastructure catalysis, the bullish main line is still expected to gather quickly. It is not advisable to chase high prices at this time; instead, focus on tracking changes in trading volume and overseas market events. In summary, the rising divergence among major players and the risk of overbought corrections coexist in the short term, while external catalysts or large fund behaviors remain the barometer