--- title: "Morning Trend | CHINA OVS PPT (2669.HK) Approaching Resistance Zone, Can the Rebound Continue?" type: "News" locale: "en" url: "https://longbridge.com/en/news/277749507.md" description: "At the close on March 4th, the stock price showed weakness but found support, with multiple attempts to rise during the day but facing resistance near the upper pressure zone, leading to a cautious rhythm. The funding situation was mainly characterized by a turnover of existing positions, with weak chasing of highs and some low-level support appearing during pullbacks. From a minute-by-minute perspective, the rapid pullback after the rise indicates that short-term strength is still primarily exploratory and has not formed a consensus. Technically, the price is being squeezed within a converging range, and after a breakout, the direction often becomes more concentrated, but the demand for volume is higher. Right-side trading should focus on whether it can stabilize rather than just a single spike. An exclusive observation is that last week, several property management companies disclosed their annual operational highlights and cost control strategies, with the market focusing on collection efficiency and the profitability of value-added services. The de-leveraging of the parent industry and progress in ensuring delivery of buildings also influenced sentiment, with low Beta stocks more likely to gain passive attention when the broader market cools down. Sector linkage shows that companies with better scale and contract quality are more resilient to volatility, while second-tier targets need the leading companies to drive upward movement and clearer policy statements. From a technical assistance perspective, if there is a continuous stabilization above the pressure zone and pullbacks do not break below, it is usually interpreted as an improvement in the quality of the rebound. The key observation is whether volume and price are synchronized: if a breakout is accompanied by an expansion in volume and increased transaction density, with more proactive minute-by-minute support, the continuation is stronger; if there is a volume-less false breakout, sparse minute-by-minute orders, and a rapid pullback, it is likely to be seen as a \"trap for bulls.\" The risk lies in the possibility of a low probability of a false breakout and retreat if the breakout occurs without volume or if there are fluctuations in the credit of the parent industry, making the rhythm prone to slow down again" datetime: "2026-03-05T01:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277749507.md) - [en](https://longbridge.com/en/news/277749507.md) - [zh-HK](https://longbridge.com/zh-HK/news/277749507.md) --- # Morning Trend | CHINA OVS PPT (2669.HK) Approaching Resistance Zone, Can the Rebound Continue? On March 4th, the closing price showed weakness but found support, with multiple attempts to push higher during the day but facing resistance near the short-term pressure zone, leading to a cautious rhythm. The funding situation was mainly characterized by a turnover of existing positions, with weak enthusiasm for chasing highs and some low-level support appearing during pullbacks. From a minute-by-minute perspective, the rapid pullback after the rise indicates that short-term strength remains exploratory and has not formed a consensus. Technically, prices are being squeezed within a converging range, and after a breakout, the direction often becomes more concentrated, but the demand for volume is higher. Right-side trading should focus on whether it can stabilize rather than just a single spike. The exclusive observation is that last week, several property management companies disclosed their annual operational highlights and cost control strategies, with the market focusing on collection efficiency and the profit margins of value-added services. The deleveraging of the parent industry and progress in ensuring delivery of buildings also affected sentiment, with low Beta varieties more likely to attract passive attention when the broader market cools down. Sector linkage shows that companies with better scale and contract quality are more resilient to volatility, while second-tier targets need the leading companies to drive them and clearer policy statements. From a technical assistance perspective, if there is a continuous stabilization above the pressure zone and the pullback does not break, it is usually interpreted as an improvement in the quality of the rebound. The key observation is whether volume and price are synchronized: if the breakout is accompanied by an expansion in volume and increased transaction density, with more proactive minute-by-minute support, the continuation is stronger; if there is a volume-less false breakout, sparse minute-by-minute orders, and a rapid pullback, it is easily seen as a "trap for bulls." The risk lies in the possibility of a breakout without volume or fluctuations in the credit of the parent industry, which increases the likelihood of a false breakout and subsequent decline, making the rhythm prone to slow down again. The intraday strategy tends to confirm trades near the pressure zone, waiting for the combination signal of "stabilization + volume reduction pullback without breaking"; at the same time, attention should be paid to the marginal improvement in collection efficiency and the profitability quality of value-added services. Once positive validation occurs, the overall valuation elasticity of the sector may be restored ### Related Stocks - [02669.HK](https://longbridge.com/en/quote/02669.HK.md) ## Related News & Research - [China Overseas Property Renews Connected Leasing and Utilities Deals](https://longbridge.com/en/news/284545262.md) - [ZAWYA: Al Habtoor Tower: Dubai's boldest residential project yet](https://longbridge.com/en/news/287051508.md) - [11:16 ETHaier ist die einzige IoT-Ökosystemmarke der Welt, die acht Jahre in Folge in die Kantar BrandZ Top 100 aufgenommen wurde](https://longbridge.com/en/news/286792596.md) - [Europe-China spacecraft launches to study Earth's 'invisible armour'](https://longbridge.com/en/news/286881963.md) - [JPMorgan lowers 2026 gold forecast, still sees rally towards $6,000 on renewed demand](https://longbridge.com/en/news/286715908.md)