Morning Trend | ANALOGUE HLDGS repairs near resistance level, can the rebound continue?

ANALOGUE HLDGS (1977.HK) has shown a corrective rebound after a previous decline, and the current price is gradually approaching the upper resistance level. From a technical perspective, for the rebound to continue, two core conditions must be met: first, the volume structure must be healthy, meaning that the rebound days should see increased volume while the consolidation days should see decreased volume; second, there must be a breakthrough and stabilization above the key resistance level, which requires an effective closing above the resistance level with a solid entity, and maintaining this level during subsequent pullbacks. If multiple upper shadows or pullbacks occur near the resistance, it indicates that selling pressure remains, and the price may retreat back into the moving average support zone for further consolidation. In terms of indicators, a golden cross of the MACD below the zero axis is a common signal at the early stage of a recovery. If the red bars continue to extend and the fast and slow lines gradually move upward, it indicates that momentum is accumulating; however, if the red bars shorten and the price frequently falls below the 5-day line, it suggests that the rebound momentum is weakening. On the intraday level, attention should be paid to the quality of support, including low-level buy orders, the proportion of active buying, and the situation of capital inflow at the end of the trading day. If strong support appears during the resistance test and closes with a bullish candle, it will be more favorable for a breakout the next day. From a fundamental perspective, companies related to engineering and infrastructure are significantly affected by the pace of project advancement and the quality of orders. If there are project implementations or marginal improvements on the cost side, it will enhance the willingness to hold funds. In terms of strategy, right-side traders can wait for a breakout and confirmation of the pullback at the resistance level before following up, which increases the win rate while reducing the risk of drawdown; left-side traders should observe for volume contraction pullbacks and stabilization signals near the support zone. If the support is evident and continues the next day, they may attempt to establish a small position