Pre-market trend | Q TECH (1478.HK) Short-term pullback pressure increases on May 4, can it hold the support?

At yesterday's close, Q TECH established a bearish signal on the daily MACD, with a clear shift in the short-term trend from strong to weak. The total trading volume was approximately HKD 81 million, with the volume at a medium-low level, and buying power insufficient to support the stock price's continued rise. As an important supplier in the smartphone camera module field, Q TECH previously benefited from the expected recovery in consumer electronics, recording a rebound; however, the emergence of bearish signals suggests that this rebound may be entering an adjustment phase. On the news front, the consumer electronics supply chain has recently shown a divergent pattern. Sunny Optical Technology rose 3.77% yesterday, showing relative strength, while Hon Teng Precision surged 6.37%. However, Q TECH failed to follow its peers' upward trend, highlighting its weakness at the individual stock level. Market expectations for smartphone shipments have diverged—on one hand, Xiaomi's impressive automotive data ignited market activity, with Xiaomi Group surging 6.75% yesterday, and its "smartphone + AIoT + automotive" strategy receiving a market re-evaluation, positively stimulating the upstream supply chain; on the other hand, intensified industry competition and customer concentration risks remain core concerns for Q TECH. The collaboration news between Botai Vehicle Networking and Horizon Robotics, as well as NVIDIA, indicates that technological upgrades in the smart hardware field are accelerating, presenting both opportunities and challenges for camera module manufacturers. From a technical perspective, Q TECH's performance in the sector is noticeably weak, failing to benefit from the leading effects of Sunny Optical and others, and the independent weakening technical signals further confirm the trend of capital outflow from the stock. With a trading volume of less than HKD 100 million, short-term liquidity is thin, and price fluctuations may be influenced by a small number of large orders