Morning Trend | HANG LUNG GROUP challenges previous highs, will the sector's recovery continue or face resistance and pull back?
HANG LUNG GROUP (10.HK) has formed a MACD golden cross, becoming one of the representatives of traditional blue-chip stabilization. The company mainly engages in property and integrated business, benefiting from the recovery of the real estate and consumer markets. On the daily technical front, the 5-day and 10-day moving averages have been continuously rising, highlighting a bullish atmosphere. On the fundamental side, HANG LUNG GROUP's property assets are solid, and cash flow is abundant. The stabilization of the external environment and favorable policies resonate, prompting major funds to reallocate into traditional blue chips. The expectation of sector recovery is strong, but some funds have chosen to take short-term profits at previous highs, leading to frequent intraday fluctuations. With the MACD golden cross and the combination of volume and price, if today's trading volume can continue to expand, there is hope for a breakthrough in the resistance zone of previous highs; otherwise, it may need to pull back to the 5-day and 10-day moving averages to build momentum. Technical pressure and capital divergence coexist, so it is recommended to pay attention to key intraday support and major fund movements. Currently, HANG LUNG GROUP serves as a defensive variety, with position management and sector linkage becoming the focus of operations. Based on a comprehensive assessment of technical and capital aspects, there is still room for a phase rebound, but high-level risks need to be controlled, and opportunities for buying on dips should be seized
HANG LUNG GROUP (10.HK) has formed a MACD golden cross, becoming one of the representatives of traditional blue-chip stabilization. The company mainly engages in property and comprehensive businesses, benefiting from the recovery of the real estate and consumer markets. On the daily technical front, the 5-day and 10-day moving averages continue to rise, highlighting a bullish atmosphere.
On the fundamental side, HANG LUNG GROUP's property assets are solid, and cash flow is abundant. The stabilization of the external environment and favorable policies resonate, prompting main funds to reallocate towards traditional blue chips. The expectation of sector recovery is strong, but some funds choose to take short-term profits when facing previous highs, leading to frequent fluctuations during trading.
With the MACD golden cross and the combination of volume and price, if today's trading volume can continue to expand, there is a chance to break through the resistance zone of previous highs; otherwise, it may need to retrace to the 5-day and 10-day moving averages to build momentum. Technical pressure and funding divergence coexist, so it is recommended to pay attention to key intraday support and main fund movements.
Currently, HANG LUNG GROUP serves as a defensive variety, with position management and sector linkage becoming the focus of operations. Based on a comprehensive assessment of technical and funding aspects, there is still room for a phase rebound, but high-position risks need to be controlled, and opportunities for low absorption during pullbacks should be seized
