Morning Trend | MEITU tests the critical point, is a short-term weak rebound coming?
MEITU (1357.HK) has recently seen its stock price approaching a key technical level during a continuous decline, with early trading showing signs of stabilization. The market is generally focused on whether a weak rebound is brewing in the short term. During yesterday's trading, the MACD indicator was in a death cross structure, with the momentum bars gradually shortening, indicating initial signs of short-term overselling, but the divergence between bulls and bears remains quite evident. Currently, the 5-day and 10-day moving averages are still diverging downwards, which constrains any potential rebound. Most major players chose to remain on the sidelines, and trading volume has not shown significant expansion. Looking back at the recent market performance, since the high point, the stock price has continuously broken down, with market risk appetite cooling. Some funds are buying on dips, but the willingness to rebound is not strong. In short-term analysis, if today's trading volume continues to remain sluggish, the stock price may still oscillate around the current support level, with the rebound window potentially opening later. Key reference points are the 5-day moving average and around HKD 13.50; if it can effectively stay above these levels with accompanying volume, a weak rebound window may temporarily open, with attention on the resistance level around HKD 14.00. It is important to note that if the current support is lost during a downward probe, the market may face a new round of inertia selling. Investors are advised to strictly control their positions and wait for clearer technical signals. The current market environment for MEITU is relatively weak, with low risk appetite among funds. If external negative news or industry headwinds arise, a further search for a bottom in the short term cannot be ruled out. Therefore, although a weak rebound is possible, participation should focus on light positions for testing and defense, waiting for a structural strengthening before making further moves
MEITU (1357.HK) has recently seen its stock price approaching a key technical level during a continuous decline, with early trading showing signs of stabilization. The market is generally focused on whether a weak rebound is brewing in the short term. During yesterday's trading, the MACD indicator was in a death cross structure, with the momentum bars gradually shortening, indicating initial signs of short-term overselling, but the divergence between bulls and bears remains quite evident. Currently, the 5-day and 10-day moving averages are still diverging downwards, which constrains any potential rebound. Most major players chose to remain on the sidelines, and trading volume has not shown significant expansion. Looking back at the recent market performance, since the high point, the stock price has continuously broken down, with market risk appetite cooling. Some funds are buying on dips, but the willingness to rebound is not strong. In short-term analysis, if today's trading volume continues to remain sluggish, the stock price may still oscillate around the current support level, with the rebound window potentially opening later. The key reference points are the 5-day moving average and around HKD 13.50. If it can effectively stay above these levels with corresponding volume, a weak rebound window may temporarily open, with attention on the resistance level at HKD 14.00. It is important to note that if the current support is lost during a downward probe, the market may face a new round of inertia selling. Investors are advised to strictly control their positions and wait for clearer technical signals. Currently, MEITU is in a weak market environment, with low risk appetite for funds. If external negative news or industry headwinds arise, further short-term declines cannot be ruled out. Therefore, although a weak rebound is possible, participation should primarily focus on light positions for testing and defense, waiting for a structural strengthening before making further moves. Overall, caution is advised regarding the short-term rebound window for MEITU, with close attention to volume release and key technical performance to respond to potential volatility risks
