Last Updated 08:00:00
longbridge loading
Company Encyclopedia
View More
name
HU-GEG @EC2608A
21257.HK
News
View More

Galaxy Entertainment (27.HK): Active capital surge, tourism recovery expectations boost high volatility, pay attention to profit-taking pressure in intraday trading

On the morning of February 3rd, Galaxy Entertainment showed strong performance, briefly breaking through the upper Bollinger Band, with rapid capital inflow becoming the market's focus. Benefiting from the normalization in the Hong Kong and Macau regions and the full recovery expectations for Spring Festival tourism, capital surged into the sector, stimulating high market activity. The high hotel booking data disclosed by the Macau Tourism Board for the Spring Festival boosted optimistic sentiment for a new wave of tourists, accelerating the pace of major buying. The stable operating data related to gaming drove a significant increase in trading volume for Galaxy Entertainment, with multiple stocks in the sector resonating and becoming active. Technically, the daily RSI is approaching the overbought zone, and the rapid price increase has brought some cautious sentiment, with some funds choosing to take a breather at high levels. There is a clear rotation of themes, with multiple instances of intraday spikes followed by pullbacks, and the competition among major funds has intensified, leading to increased short-term volatility in the sector. The 5-day moving average has become an important support level; if profit-taking occurs at high levels, there is a risk of downward pressure in the short term. The current focus of the sector is whether the main line of the tourism peak season can be sustained. If there are divergences in intraday volume and price or unusual movements by major funds, as well as sudden news disruptions, the likelihood of pullbacks after spikes may increase. It is recommended to pay attention to the realization of tourism-related data and changes in intraday movements in the sector, while rationally managing short-term risks

Technical Forecast·
Technical Forecast·
Posts
View More