---
title: "Morning Trend | COMBA frequently \"tests the bottom,\" can the main force's unusual movements bring about a market trend?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274286508.md"
description: "China Mobile (2342.HK) experienced multiple dips during trading yesterday, with the stock price repeatedly approaching the support level of HKD 2.26. The telecommunications equipment sector has been sluggish this week, and expectations for AI and 5G concepts have not translated into performance in the short term. There are rumors within the industry this week that the three major operators may be brewing the next round of procurement, but the specifics remain unclear, leading to insufficient market momentum. The main players are primarily engaged in short-term tug-of-war, with large orders flowing in and out quickly, and the speculative style is very evident. After-hours data indicates that the MACD is still in the downward zone, with frequent fluctuations in intraday trading volume, but sustained capital follow-up remains insufficient, and heavyweight stocks have limited follow-through. If the support is effectively breached without positive news stimulation, the stock price may accelerate its decline. Short-term operations should focus on policy news, industry expansion events, and other anomalies, capturing intraday incremental funds and large order fluctuations, while being cautious of false breakouts. The trading atmosphere continues to be conservative"
datetime: "2026-02-02T01:00:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274286508.md)
  - [en](https://longbridge.com/en/news/274286508.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274286508.md)
---

# Morning Trend | COMBA frequently "tests the bottom," can the main force's unusual movements bring about a market trend?

China Mobile Communications (2342.HK) experienced multiple sharp declines during trading yesterday, with the stock price repeatedly approaching the support level of HKD 2.26. The telecommunications equipment sector has shown weak performance this week, and the short-term expectations for AI and 5G concepts have not translated into earnings realization.

There are rumors within the industry this week that the three major operators may be brewing the next round of procurement, but the specifics remain unclear, leading to insufficient market momentum. The main players are primarily engaged in short-term tug-of-war strategies, with large orders quickly flowing in and out, and the speculative style is very evident.

Post-market data indicates that the MACD is still in a downward zone, with frequent fluctuations in intraday trading volume, but sustained capital follow-up remains insufficient, and the influence of heavyweight stocks is limited.

If the support is effectively breached without any positive news stimulus, the stock price may accelerate its decline. Short-term operations should focus on policy news, industry expansion events, and other factors that may cause fluctuations, capturing intraday incremental capital and large order movements, while being cautious of false breakouts. The trading atmosphere continues to be conservative

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