Morning Trend | CHINA RISUN GP (1907.HK) Death Cross on October 16, Weak Wait-and-See Atmosphere Clearly Observed

CHINA RISUN GP (1907.HK) exhibited significant downward pressure at yesterday's close, with a "death cross" signal appearing on the daily chart, indicating that bearish sentiment is dominant in the short term. This death cross not only provides clearer bearish guidance for the market but also, combined with the stock price breaking below the 30-day moving average, further reinforces the weak technical characteristics. Reviewing the intraday performance, capital primarily flowed out, with buying sentiment remaining cautious, and overall trading volume increased compared to the previous period, indicating that some funds still chose to distribute shares in a weak market, while major institutions leaned towards defensive position adjustments. The divergence between buying and selling has widened, and market sentiment is cautious, with a noticeable decrease in right-side trading willingness during the day, leading to continuous adjustments in individual stocks. It is worth noting that the decline of CHINA RISUN GP is not an isolated event but is influenced by the overall pressure on cyclical industries. Looking back at the recent performance of the energy and chemical sector, affected by fluctuations in raw material prices, downstream demand has yet to show substantial recovery, weakening corporate profit elasticity. Last week, the National Energy Administration issued a notice regarding the resumption of coal mines, which briefly boosted market expectations for improvements in the supply-demand structure, but specific data has not shown a clear turning point in production and demand. Especially in the context of persistently weak macroeconomic data and sluggish end consumption, the overall rebound momentum of the cyclical sector is limited, and the pressure on RISUN's stock price is inevitable. On the technical side, HKD 3.40 has become a focal support level recently. The market is generally paying attention to the capital feedback and trading intensity at this price level