Morning Trend | CGS Short-term Volume Shrinks, Bull and Bear Standoff Upgrades?
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China Galaxy (6881.HK) showed a high-level consolidation yesterday, with a significant decrease in trading volume. In the short-term technical pattern, the stock price has attempted to stabilize above the 5-day moving average but has not succeeded, showing a slight downward tendency. However, the MACD indicator is narrowing down, indicating that even though the bearish forces remain dominant, the bullish side can still maintain a certain defensive posture. There are also signs that the 10-day moving average is gradually approaching the stock price, and the short-term market sentiment is becoming more cautious
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