Morning Trend | JIU RONG HOLD rebounds on low volume, is the oversold capital stepping in again?
JIU RONG HOLD (2358.HK) recent performance can be described as "fizzling out." However, this morning, there were subtle signs of a trend reversal: noticeable capital movements at the bottom and a volume-constrained rebound began. There were several large orders that quickly pushed the price up, and although overall trading volume did not significantly increase, the signs of the main force igniting were clear. As a previously oversold target, JIU RONG HOLD has plummeted from its peak, and its market value has significantly returned to a reasonable range. Patient capital continues to observe at the bottom, and recent market rumors have begun to focus on: "Is JIU RONG at another gathering point for oversold funds?" Today, there were frequent occurrences of large orders exceeding 30,000 hands, indicating that short-term speculative funds are testing the waters. The short-term moving averages are narrowing and starting to turn upward, with initial technical signals improving. The market expects that if there is a continuous small upward rebound, it will attract more funds to follow in. The current social atmosphere is relatively optimistic: the risk of a short squeeze is reduced, and whether the main force will initiate the next step still needs to closely monitor today's intraday performance. The biggest point of interest remains: "Is the bottom volume-constrained rebound a confirmation of support or a trap for more buyers?" If there is a strong closing with increased volume at the end of today, the bottom pattern is likely to be established; if the volume-constrained rebound continues without volume, short-term gains may be repeatedly suppressed by profit-taking. Operational advice: Aggressive investors may consider low buying with light positions and quick in-and-out trades, while disciplined and steady investors may wait to gradually increase positions after breaking above HKD 2.40. The atmosphere for JIU RONG HOLD's oversold rebound is gradually intensifying, making it likely to become a new spark for short-term speculative funds, but the sustainability of this round of speculation still depends on the main force's subsequent ignition strength and volume signals
JIU RONG HOLD (2358.HK) recent performance can be described as "fizzling out." However, this morning, there were subtle signs of a trend reversal: noticeable capital movements at the bottom, and a volume-constrained rebound has begun. There were several large orders that quickly pushed the price up during intraday trading; although overall trading volume did not significantly increase, the signs of the main force igniting quickly are clear.
As a previously oversold target, JIU RONG HOLD has plummeted from its peak, and its market value has significantly returned to a reasonable range. Patient capital continues to observe at the bottom, and recent market rumors have begun to focus on: "Is JIU RONG at the point of capital accumulation again?" Today, large orders of over 30,000 lots frequently appeared, indicating that short-term speculative funds are testing the waters.
The short-term moving averages are narrowing and beginning to turn upwards, with initial technical signals improving. The market expects that if there is a continuous small upward rebound, it will attract more funds to follow in. The atmosphere in the instant community is relatively optimistic: the risk of a short squeeze is reduced, and whether the main force will initiate the next step still needs to closely monitor today's intraday performance.
The biggest point of interest remains: "Is the volume-constrained rebound at the bottom a confirmation of support or a trap for the bulls?" If there is a strong closing with increased volume at the end of today, the bottom pattern is likely to be established; if the volume-constrained rebound continues without significant volume, a short-term rise may easily face repeated pressure from profit-taking.
Operational advice: Aggressive investors may consider low-cost buying with light positions and quick in-and-out trades, while disciplined and steady investors may wait to gradually increase their positions after a breakout above HKD 2.40. The atmosphere for a rebound in JIU RONG HOLD is gradually intensifying, making it likely to become a new spark for short-term speculative funds, but the sustainability of this round of speculation still depends on the main force's subsequent ignition strength and volume signals
