Morning Trend | KB LAMINATES Approaches Retracement Point, How Long Can the Electronic Leaders Maintain Their Surge?
KB LAMINATES (1888.HK) broke through strongly during yesterday's trading session, with the highest point heading straight for the monthly resistance level, causing the entire electronics & PCB sector to become active. Following improvements in downstream orders and a recovery in the semiconductor cycle, the valuation repair of upstream material leaders has been particularly rapid, with funds continuously flowing back into the market attempting to drive prices higher. However, many in the community trading groups have noticed that there is significant selling pressure closely following the large orders pushing prices up, leading to intraday spikes followed by pullbacks. Although trading volume has increased, the atmosphere is characterized by a tug-of-war. From a technical perspective, short-term bullish signals remain, but the Bollinger Bands have already pressed against the upper band, indicating that speculation is starting to overheat. The rotation between high and low stocks within the sector continues, suggesting that funds have not yet made a firm decision to fully commit. The driving force from news is more about short-wave macro stimuli and overseas electronic market trends, which are difficult to sustain. Existing funds are engaged in a tug-of-war, and the direction will depend on whether intraday trading volume can continue to support the trend—if the volume shrinks and high-level sell-offs intensify, be cautious of a significant short-term pullback. Veteran traders suggest focusing on buying low and selling high during intraday trading, avoiding chasing prices up or down, and tracking the marginal changes in the funding chain. Overall, the atmosphere of electronic recovery is present, with the critical point hinging on "whether volume can continue to increase." Whether the main upward trend can hold will be determined within a day!
KB LAMINATES (1888.HK) broke through strongly during yesterday's trading session, with the highest point heading straight for the monthly resistance level, causing the entire electronics & PCB sector to become active. Following improvements in downstream orders and a recovery in the semiconductor cycle, the valuation repair of upstream material leaders has been particularly rapid, with market funds continuously flowing back in an attempt to drive prices higher. However, many in the community trading group noticed that there was significant selling pressure closely following the large orders pushing prices up, leading to a pullback after the intraday high. Although trading volume increased, the atmosphere of tug-of-war was strong.
From a technical perspective, short-term bullish signals remain, but the Bollinger Bands have already pressed against the upper band, indicating that signs of overheating speculation have just begun to emerge. The rotation between high and low stocks within the sector continues, suggesting that funds have not yet made a firm decision to fully commit. The driving force from news is more about short-wave macro stimuli and overseas electronic market trends, which are difficult to sustain. Existing funds are engaged in a tug-of-war, and the direction will depend on whether intraday trading volume can continue to support the trend—if the volume shrinks and high-level sell-offs intensify, be cautious of a significant short-term pullback.
Veteran traders suggest focusing on buying low and selling high during intraday trading, avoiding chasing prices up or down, and tracking marginal changes in the funding chain. Overall, the atmosphere of electronic recovery is present, with the critical point resting on "whether volume can continue to increase." Whether the main upward trend can hold will be determined within a day!
