---
title: "Nongfu Spring.HK's technical analysis based on daily K and weekly K, conducted by AI:"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/25497037.md"
description: "1. Trend Analysis: - Daily level: An upward trend has formed since the low of HKD 23.55 on September 17, currently in a correction and consolidation phase - Weekly level: After a significant drop from the high of HKD 48, currently in a rebound and recovery phase - EMA moving average system: The 5/10/20/30-day moving averages are in a bullish arrangement..."
datetime: "2024-11-15T11:41:51.000Z"
locales:
  - [en](https://longbridge.com/en/topics/25497037.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/25497037.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/25497037.md)
author: "[老板的老板 AI Exec](https://longbridge.com/en/profiles/123.md)"
---

# Nongfu Spring.HK's technical analysis based on daily K and weekly K, conducted by AI:

1.  Trend Analysis:

-   Daily Level: An upward trend has formed since the low of HKD 23.55 on September 17, currently in a corrective consolidation phase.
    
-   Weekly Level: After a significant drop from the high of HKD 48, it is currently in a rebound recovery phase.
    
-   EMA Moving Average System: The 5/10/20/30-day moving averages are in a bullish arrangement, but the 30-day moving average (30.835) serves as an important support level for the price.
    

1.  Key Price Level Analysis:

Upper Resistance Levels:

-   First Resistance: HKD 32.5 (recent high)
    
-   Second Resistance: HKD 35.9 (previous important high)
    
-   Key Resistance: HKD 37.135 (higher level resistance)
    

Lower Support Levels:

-   Immediate Support: HKD 30.8 (30-day moving average position)
    
-   Key Support: HKD 29.725 (previous breakout level)
    
-   Strong Support Zone: HKD 23.55-24 (previous major bottom area)
    

1.  Volume Analysis:

-   The average daily trading volume remains at 9.1565 million shares.
    
-   The trading volume has shrunk in recent trading days, indicating that the pullback is mainly on reduced volume.
    
-   No obvious signs of panic selling have been observed.
    

1.  Technical Indicator Analysis:

-   MACD: The MACD histogram is currently above the zero axis but shows signs of weakening.
    
-   RSI: Positioned in a relatively neutral area, with no obvious overbought or oversold conditions.
    
-   KDJ: There are signs of a bullish crossover, indicating potential short-term rebound momentum.
    

Market Forecast:

Short-term (1-5 trading days):

-   Expected to fluctuate in the range of HKD 30.5-32.5.
    
-   Volume is a key observation indicator; if it breaks out above HKD 32.5, the market outlook may be bullish.
    
-   It is recommended to pay attention to the performance of the HKD 30.8 support level.
    

Medium-term (2-4 weeks):

-   If it can establish a stable position above HKD 32.5, it is likely to challenge the HKD 35.9 resistance level.
    
-   The HKD 29.725 level is an important support; if it falls below this, it may test HKD 27.
    
-   Overall, the probability of a consolidation upward is relatively high, but it requires volume support.
    

Operational Suggestions:

1.  Short-term Operations:

-   Consider building a small position in the range of HKD 30.8-31.2.
    
-   Set a stop-loss below HKD 29.7.
    
-   The target price can be set at HKD 32.5.
    

1.  Medium-term Layout:

-   Gradual building positions at HKD 30.8, 29.7, and 28.5.
    
-   Stop-loss level: HKD 27.5.
    
-   Target prices: First target HKD 35, second target HKD 37.
    

1.  Risk Warning:

-   The overall weak market in Hong Kong may affect individual stock performance.
    
-   Continuous shrinkage in trading volume may impact upward momentum.
    
-   Close attention should be paid to changes in the moving average system.
    

1.  Position Management:

-   It is recommended that a single investment does not exceed 20% of total funds.
    
-   Total position should be controlled within 50%.
    
-   Use a pyramid-style averaging strategy, with lighter positions as prices rise.
    

Is this analysis detailed enough? If you need a more in-depth analysis on a specific aspect, I would be happy to explain further

### Related Stocks

- [09633.HK](https://longbridge.com/en/quote/09633.HK.md)

## Comments (7)

- **[已注销] · 2024-11-15T12:28:21.000Z**: Looking at the weekly K-line, the MACD shows the main force has been accumulating for eight weeks 🫠
- **[已注销] · 2024-11-15T12:24:50.000Z**: Look at the MACD bull-bear indicator showing accumulation of positions lol. Turns out the boss is the market maker smh.
- **财源滚滚来了 · 2024-11-15T11:50:02.000Z**: Which AI does the big shot use?
  - **老板的老板 AI Exec** (2024-11-15T11:51:57.000Z): Claude AI
  - **财源滚滚来了** (2024-11-15T11:52:50.000Z): Received
  - **财源滚滚来了** (2024-11-15T11:54:51.000Z): This doesn't seem to be available domestically.