Morning Trend | NEW GONOW RV pulls back with support, is a rebound window coming?

NEW GONOW RV (0805.HK) has experienced a phase of pullback after an initial upward movement, but from the intraday and daily observations, support near the support zone is gradually becoming evident. Technically, a "volume contraction pullback + volume expansion rebound" is an ideal structure. If during the pullback the volume shrinks, and the 5-day and 10-day moving averages form a resonance support, followed by a strong upward movement with increased volume above the support zone that recovers key lost ground, the rebound window is expected to open further. If the MACD stabilizes near the zero axis and forms another golden cross, the extension of the red bars will provide momentum for the rebound; the RSI should avoid overheating quickly during the low-level rebound to prevent short-term divergence. On the intraday level, focus on the quality of low-level support, including the depth of buy orders, the proportion of active buying, and large orders supporting the price. If there are multiple instances of low-level pullbacks and positive net inflows at the end of the trading day during the pullback test, it indicates a shift in capital attitude from wait-and-see to tentative replenishment, which is favorable for continuation the next day. If during the pullback there are frequent breaks below support with increased volume on the downside, it indicates that selling pressure has not been fully digested, and the rebound window may be delayed. From a fundamental perspective, the demand for RVs and special vehicles has certain seasonality and policy sensitivity. If there are marginal positive developments in orders, channels, or policies, it will enhance market risk appetite and holding confidence