--- title: "Pre-market trend | HORIZONROBOT-W (9660.HK) weak consolidation on May 6 with shrinking volume, when will the short pressure be released?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285338872.md" description: "Yesterday's closing price for HORIZONROBOT-W fell slightly by 0.57% to HKD 7.01, fluctuating within a narrow range of HKD 6.87 to HKD 7.15 throughout the day, indicating that both bulls and bears have entered a stalemate after a significant decline earlier. The MACD daily chart still shows bearish signals, with short-term moving averages continuing to exert pressure, and the phase of selling pressure has not yet been fully released. The trading volume was approximately HKD 822 million, which, while still among the top in the market, has contracted compared to previous periods of heavy selling, indicating a reduction in panic selling, but buying interest also lacks a clear willingness to enter. Overall, the stock price remains in a consolidation phase of a downward trend, with a short-term bearish pattern unchanged. On the news front, Jim Fan, head of NVIDIA's robotics division, recently stated that robots are replicating the successful path of large language models, predicting that by 2040, robots will pass the physical Turing test, and the medium to long-term prospects for the robotics sector are optimistic. However, as a smart driving chip manufacturer, HORIZON faces core pressure in digesting its market valuation—previously, a significant correction (with a drop of over 56% in the range) after a large cumulative increase has made institutional funds cautious about short-term involvement. The Hong Kong stock market's AI and robotics sector shows significant differentiation, with companies like UBTECH and SenseTime experiencing mixed gains and losses on the same day, indicating a lack of consistent bullish momentum in the sector. From a technical perspective, a short-term concentrated trading area has formed around HKD 7.05 (yesterday's close); if today's stock price can hold above the intraday low support of HKD 6.87 and show moderate volume, there is a possibility of a technical rebound and repair" datetime: "2026-05-07T01:00:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285338872.md) - [en](https://longbridge.com/en/news/285338872.md) - [zh-HK](https://longbridge.com/zh-HK/news/285338872.md) --- # Pre-market trend | HORIZONROBOT-W (9660.HK) weak consolidation on May 6 with shrinking volume, when will the short pressure be released? Yesterday's closing price for HORIZONROBOT-W fell slightly by 0.57% to HKD 7.01, oscillating within a narrow range of HKD 6.87 to HKD 7.15 throughout the day, indicating a stalemate between bulls and bears after a significant decline earlier. The MACD daily chart still shows bearish signals, with short-term moving averages continuing to exert pressure, and the phase of selling pressure has not yet been fully released. The trading volume was approximately HKD 822 million, which, while still among the top in the market, has contracted compared to previous periods of heavy selling, suggesting a reduction in panic selling, but buying interest also lacks a clear entry willingness. Overall, the stock price remains in a consolidation phase of a downward trend, with a short-term bearish pattern unchanged. On the news front, Jim Fan, head of NVIDIA's robotics division, recently stated that robots are replicating the successful path of large language models, predicting that by 2040, robots will pass the physical Turing test, and the medium to long-term prospects for the robotics sector are optimistic. However, as a smart driving chip manufacturer, HORIZON currently faces core pressure regarding market digestion of its valuation—previously, a significant correction (with a drop of over 56% in the range) after a cumulative rise has made institutional funds cautious about short-term involvement. The Hong Kong stock market's AI and robotics sector shows significant differentiation, with companies like UBTECH and SenseTime experiencing mixed gains and losses on the same day, indicating a lack of consistent bullish momentum in the sector. From a technical perspective, a short-term concentrated trading area has formed around HKD 7.05 (yesterday's close). If the stock price can hold above the intraday low support of HKD 6.87 today and show moderate volume, there is a possibility of a technical rebound. However, the recent intraday high resistance at HKD 7.15 may limit the rebound space until effectively broken. The moving average system still shows a bearish arrangement, with the downward slope of the 5-day and 10-day moving averages not showing signs of convergence. The volume coordination is a key indicator for assessing stabilization. The short-term trend is referenced as bearish; there is a demand for a rebound after the previous significant adjustment, but the bearish pattern has not been effectively broken. If the volume continues to shrink and the stock price falls below HKD 6.87, it may further decline. Investors should closely monitor sector sentiment and changes in trading volume as a basis for judging trend turning points. _This article only provides technical analysis and market information for reference and does not constitute any investment advice. The market carries uncertainties, and investors should make independent decisions based on their own circumstances._ ### Related Stocks - [09660.HK](https://longbridge.com/en/quote/09660.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [09880.HK](https://longbridge.com/en/quote/09880.HK.md) - [00020.HK](https://longbridge.com/en/quote/00020.HK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [80020.HK](https://longbridge.com/en/quote/80020.HK.md) ## Related News & Research - [Hype or real: China’s robot boom faces reality check as commercialisation lags](https://longbridge.com/en/news/285187351.md) - [Zhaowei Machinery's Q1 Slump, Puts Robotics Narrative Under Pressure](https://longbridge.com/en/news/285381014.md) - [Dreame’s next act stretches from robot vacuums to rocket-boosted cars](https://longbridge.com/en/news/285204601.md) - [Figure CEO Says Humanoid Robots Could Soon Enter Homes For $600 A Month](https://longbridge.com/en/news/285297114.md) - [Xiao-I Corporation Announces ADS Ratio Change with Marketplace Effective Date on May 11, 2026 | AIXI Stock News](https://longbridge.com/en/news/285457867.md)