Morning Trend | TIANGONG INT'L (826.HK) Main Force Active, Overbought Risk Accumulates, Can It Break Through Strongly?
TIANGONG INT'L (826.HK) has recently been favored by major funds, with its stock price showing a trend of fluctuating upward. The daily MACD has recently generated a golden cross, and the momentum bars are gently rising, indicating the establishment of a short-term bullish trend. The current stock price is operating above the 5-day and 10-day moving averages, and the market sentiment for buying is good at this stage. From the perspective of volume-price relationship, the trading volume has gradually increased recently, indicating a rising willingness of active funds to enter the market. However, it should be noted that with the continuous rise, the short-term RSI has entered the overbought zone, and some funds have obvious short-term floating profits. Technically, the risk of overbought conditions is rising, and an increase in market consensus expectations often leads to emotional fluctuations. On the fundamental side, the company benefits from the cyclical recovery of the global manufacturing industry, with stable performance. On the external macro front, the stable recovery of the global economy and the improvement of industry prosperity provide support. However, it is also necessary to guard against the impacts of international trade and policy fluctuations. At this stage, if the trading volume continues to expand, TIANGONG INT'L is expected to launch an attack on the resistance of previous highs. Conversely, if the trading volume weakens, high-level fund divergence may lead to a short-term pullback, and a retest of the 5-day and 10-day moving averages cannot be ruled out. The overall strategy should closely monitor the fund game in the resistance area and moderately control positions. Overall, the bullish trend still dominates, but against the backdrop of overbought conditions, it cannot be ruled out that major funds may take the opportunity to shake out positions, preventing the risk of being trapped by chasing high prices. In terms of operations, one can choose to follow on the right side, closely monitor changes in trading volume and intraday fluctuations, and flexibly adjust strategies in line with the macro rhythm of the market, with a focus on preventing high-level fluctuation risks
TIANGONG INT'L (826.HK) has recently been favored by major funds, with its stock price showing a trend of fluctuating upward. The daily MACD has recently generated a golden cross, and the momentum bars are gently rising, indicating the establishment of a short-term bullish trend. The current stock price is operating above the 5-day and 10-day moving averages, and the market sentiment for buying is good at this stage.
From the perspective of volume and price relationship, the trading volume has gradually increased recently, indicating a rising willingness of active funds to enter the market. However, it should be noted that with the continuous rise, the short-term RSI has entered the overbought range, and some funds have obvious short-term floating profits. Technically, the risk of overbought conditions is rising, and an increase in market consensus expectations often leads to emotional fluctuations.
On the fundamental side, the company benefits from the cyclical recovery of the global manufacturing industry, with stable performance. On the external macro front, the stable recovery of the global economy and the improvement in industry prosperity provide support. However, it is also necessary to guard against the impacts of international trade and policy fluctuations.
At this stage, if the trading volume continues to expand, TIANGONG INT'L is expected to challenge the previous high resistance level. Conversely, if the trading volume weakens, high-level fund divergence may lead to a short-term pullback, and a retest of the 5-day and 10-day moving averages cannot be ruled out. The overall strategy should closely monitor the fund game in the pressure zone and moderately control positions.
Overall, the bullish trend still dominates, but under the background of overbought conditions, it cannot be ruled out that major funds may take the opportunity to shake out positions, preventing the risk of being trapped by chasing high prices. In terms of operations, one can choose to follow on the right side, closely monitor changes in trading volume and intraday fluctuations, and flexibly adjust strategies in conjunction with the macro rhythm of the market, with a focus on preventing high-level fluctuation risks
