--- title: "Morning Trend | CHINA RES POWER Approaches Key Support, Will Weak Market Pattern Change?" description: "China Resources Power (836.HK) has seen its stock price continue to decline recently, with daily candles closing in the red for several consecutive days and trading volume shrinking. The current stock" type: "news" locale: "en" url: "https://longbridge.com/en/news/274489053.md" published_at: "2026-02-03T01:00:00.000Z" --- # Morning Trend | CHINA RES POWER Approaches Key Support, Will Weak Market Pattern Change? > China Resources Power (836.HK) has seen its stock price continue to decline recently, with daily candles closing in the red for several consecutive days and trading volume shrinking. The current stock price is approaching previous lows and important support areas, with market buying interest showing a wait-and-see sentiment. The MACD indicator maintains a death cross with green bars, and the bullish arrangement of moving averages is gradually breaking down, with short-term bearish sentiment dominating the market. From a fundamental perspective, although China Resources Power has defensive attributes and stable earnings from its main business, the support policies for electricity prices and consumption are expected to partially offset cost pressures. However, affected by the macroeconomic slowdown and the sluggish rotation of the broader market, the overall funding attention in the utility sector has decreased, with major funds flowing into active sectors, leading to weak stock price performance. From a technical standpoint, the current stock price is close to the important threshold of HKD 30, where there has historically been strong buying interest. If there is a significant volume increase and stabilization during today's trading, it may create an opportunity for a rebound from oversold conditions. However, if the volume decreases and breaks down, caution is needed to prevent disorderly capital outflows that could accelerate the decline, further testing lower support levels. In the short term, investors should focus on intraday trading volume and large order fund movements. If there is a technical divergence at the bottom and significant buying activity, a light position could be considered for participation in a rebound. If the weak market pattern continues and sector rotation has not shown significant improvement, caution should be exercised to avoid downside risks. Overall, China Resources Power is currently at a critical turning point, and close attention should be paid to changes in trading volume and policy news China Resources Power (836.HK) has seen its stock price continue to decline recently, with daily candles closing in the red for several consecutive days and trading volume shrinking. The current stock price is approaching previous lows and important support areas, with market buying interest showing a wait-and-see sentiment. The MACD indicator maintains a death cross with green bars, and the bullish arrangement of moving averages is gradually breaking down, with short-term bearish sentiment dominating the market. From a fundamental perspective, although China Resources Power has defensive attributes and stable earnings from its main business, supportive policies on electricity prices and consumption are expected to partially offset cost pressures. However, due to the slowdown in the macro economy and the sluggish rotation of the broader market, overall capital attention in the utility sector has decreased, with major funds flowing into active sectors, leading to weak stock price performance. From a technical standpoint, the current stock price is close to the important threshold of HKD 30, where there has historically been strong buying interest. If there is a volume increase and stabilization during today's trading, it may create an opportunity for a rebound from oversold conditions. However, if there is a volume decrease and a breakdown occurs, caution is needed to prevent chaotic capital outflows that could accelerate the decline, further testing lower support levels. In the short term, investors should focus on intraday trading volume and large order fund movements. If a technical divergence at the bottom appears and significant buying activity is noted, a light position could be taken to participate in the rebound. If the weak market pattern continues and sector rotation has not shown significant improvement, caution should be exercised to avoid downside risks. Overall, China Resources Power is currently at a critical turning point, and close attention should be paid to changes in trading volume and policy news ### Related Stocks - [00836.HK - CHINA RES POWER](https://longbridge.com/en/quote/00836.HK.md) - [159611.CN - GF CSI All Share Power Public Service ETF](https://longbridge.com/en/quote/159611.CN.md) - [561700.CN - Bosera CSI All Share Electric Utilities ETF](https://longbridge.com/en/quote/561700.CN.md) - [562550.CN - ChinaAMC Green Electricity ETF](https://longbridge.com/en/quote/562550.CN.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | India's Power Transition Creates Clear Utility Divide | India's power sector is undergoing a significant transition as electricity demand rises and the country aims for 500GW o | [Link](https://longbridge.com/en/news/276209422.md) | | Concord New Energy Warns of Over 80% Profit Drop but Stresses Cash Flow and Expansion Push | Concord New Energy Group (HK:0182) has announced a projected profit drop of over 80% for 2025, down from approximately R | [Link](https://longbridge.com/en/news/276436676.md) | | Terna Says In Italy Electricity Consumption Up 4.1% In Jan Year/Year | Terna Rete Elettrica Nazionale SpA :IN ITALY ELECTRICITY CONSUMPTION UP 4.1% IN JAN YEAR/YEARIN ITALY ELECTRICITY INDUST | [Link](https://longbridge.com/en/news/276112074.md) | | CGN New Energy's January Power Output Climbs 7.9% | CGN New Energy's January Power Output Climbs 7.9% | [Link](https://longbridge.com/en/news/275890135.md) | | Nuclear startup vows to jolt sleepy atomic industry back to life | Alva, a nuclear startup, aims to revitalize the stagnant U.S. nuclear sector, which has seen little growth in large reac | [Link](https://longbridge.com/en/news/275978940.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.