Morning Trend | CRRC Approaches Low Support, Is the Sector's Stabilization Momentum Still Gathering?
CRRC (1766.HK) performed sluggishly throughout the day on January 8, with the stock price repeatedly testing low support levels and trading volume being weak. The railway infrastructure sector lacks new catalysts in its fundamentals recently, with the release cycle of new orders extended and expectations for policy support falling short, leading mainstream funds to remain cautious. A closer look at the intraday data shows weak momentum for large capital entry, with the KDJ continuing to decline after a death cross, and the MACD negative value widening. Short- and medium-term moving averages are closely moving downwards, and the low support has repeatedly tested without effective rebounds. Industry sentiment is dragged down by the leaders, and there is currently no main line driving the short-term market. The key will be the subsequent large projects and new infrastructure policies. Without structural rallies, the short-term weakness is difficult to change, and any significant intraday large orders need to be closely monitored, with position management being particularly important
Technical Forecast·
