Morning Trend | HUA LIEN INT'L reduces volume and grinds the bottom, can the weak market hold the baseline?
HUA LIEN INT'L (969.HK) maintained a platform fluctuation yesterday, with overall trading volume being sluggish and lacking active capital support. Although there was a brief attempt to stabilize after a dip, the rebound intention was weak, indicating that the linkage between the retail and consumer sectors remains fragile. Last week, the consumer sector lacked policy stimulus, and the attention on undervalued targets decreased due to the capital absorption by high-yield blue chips, resulting in the market being generally insensitive to news about HUA LIEN INT'L. Technically, the MACD is flat, the RSI is close to oversold but lacks structural buy orders, and the Bollinger Bands continue to narrow, showing a severe imbalance between supply and demand. Most chips are trapped at high positions, and bottom testing is frequently seen in a weak pattern, with a lack of signals for large-scale capital intervention. Attention should be paid to whether the support at HKD 0.12 can withstand the main force's testing; once it breaks, a weak rebound is likely to turn into a false bullish market. In a weak market state, investment risks need to be strictly controlled
HUA LIEN INT'L (969.HK) maintained a platform fluctuation yesterday, with overall trading volume being sluggish and lacking active capital support. Although there was a brief attempt to stabilize after a dip, the rebound intention was weak, indicating that the linkage between the retail and consumer sectors remains fragile. Last week, the consumer sector lacked policy stimulus, and the attention on low-valued targets decreased due to the capital absorption by high-yield blue chips, resulting in the market being generally insensitive to news about HUA LIEN INT'L. Technically, the MACD is flat, the RSI is close to oversold but lacks structural buy orders, and the Bollinger Bands continue to narrow, showing a severe imbalance between supply and demand. Most chips are trapped at high positions, and bottom testing is frequently seen in a weak pattern, with a lack of signals for large-scale capital intervention. Attention should be paid to whether the support at HKD 0.12 can withstand the main force's testing; if it breaks, a weak rebound is likely to turn into a false bullish market. In a weak market state, investment risks need to be strictly controlled
