Morning Trend | GUMING's price and volume both shrink, the wait-and-see atmosphere spreads, can the bottoming pattern be broken?
GUMING (1364.HK) has recently been trapped in a pattern of declining price and volume, with the daily MACD showing a death cross, indicating further weakening risks on the technical front. The stock price is oscillating near new lows, with the 5-day and 10-day moving averages both exerting pressure on the price. Trading volume has significantly decreased, and the market is quiet, with a strong wait-and-see atmosphere among investors. In terms of fundamentals, GUMING, as a chain brand of new-style tea drinks, is facing challenges in business expansion due to differentiated consumer environments and cost pressures at the store level. Currently, the market is focused on the marginal impact of its new round of store expansion and product innovation on performance, but short-term expectations are generally weak, primarily leaning towards defensive positions. In the short term, both bulls and bears are continuously battling in the bottom area, but the volume has not yet seen a significant increase, indicating that major funds have not yet made large-scale positions. If there are recent news or performance catalysts combined with a volume breakout from the downward channel, it may lead to a moderate rebound in the stock price. Otherwise, continued consolidation may occur, posing a risk of new lows. In terms of operational strategy, it is recommended to maintain a light position and wait for synchronized increases in volume and price, as well as stronger technical signals before considering a right-side follow-up. Short-term defensive focus should be on the support at the lower edge of the range, and it is crucial to avoid blindly bottom-fishing. Overall, whether GUMING can break the bottoming pattern depends on the increase in major participation and the emergence of new industry logic
GUMING (1364.HK) has recently been trapped in a pattern of declining price and volume, with the daily MACD showing a death cross, indicating further weakening risks on the technical front. The stock price is oscillating near new lows, with the 5-day and 10-day moving averages both exerting pressure on the price. Trading volume has significantly decreased, and the market is quiet, with investors adopting a wait-and-see attitude.
In terms of fundamentals, GUMING, as a chain brand of new-style tea drinks, is facing challenges from a differentiated consumption environment and cost pressures at the store level during its business expansion. Currently, the market is focused on the marginal impact of its new round of store expansion and product innovation on performance, but short-term expectations are generally weak, primarily leaning towards defensive positions.
In the short term, both bulls and bears are continuously battling in the bottom area, but the volume has not yet expanded, indicating that major funds have not made large-scale positions. If there are recent news or performance catalysts combined with a volume breakout from the downward channel, it may lead to a moderate rebound in the stock price. Otherwise, continued consolidation may occur, with risks of new lows.
In terms of operational strategy, it is recommended to maintain a light position and observe, considering right-side follow-up only after volume and price expand simultaneously and technical signals strengthen. The short-term defensive focus should be on the support at the lower end of the range, avoiding blind bottom-fishing. Overall, whether GUMING can break the bottoming pattern depends on the increase in major participation and the emergence of new industry logic
