Morning Trend | FUYAO GLASS Key Level Under Pressure, Can the Short-Term Rebound Window Open?
Fuyao Glass (3606.HK) has recently faced significant pressure at the HKD 20.00 level, with the stock price's central tendency continuously declining. The technical indicators in the early session continued to show a death cross pattern, with clear divergence between bulls and bears. Market data indicates that the 5-day and 10-day moving averages exert significant pressure on the stock price, and the MACD death cross has not shown significant convergence during the period, with momentum still leaning bearish. In the past few days, the inflow of main funds has been weak, with bottom-fishing mainly characterized by short-term quick entries and exits, showing insufficient rebound willingness. From the market environment perspective, the automotive and manufacturing sectors are experiencing fluctuations, dragging down overall risk appetite. Some funds are attempting to buy low near the key support of HKD 20.00, but if this level is breached, it could trigger further declines. Short-term analysis suggests that if the HKD 20.00 support holds today and the trading volume shows a moderate recovery, a structural rebound may occur. However, the rebound window depends on whether the pressure zone at HKD 23.00 can be broken. If the pressure zone continues to be blocked, the existing game of stock will persist with back-and-forth struggles between bulls and bears. Caution is advised for "false breakouts" in the early stages of the rebound and unusual movements of short-term funds. Investors should pay attention to intraday volume, holding confidence, and industry news. If new negative catalysts arise, quick avoidance is necessary. Overall, Fuyao Glass's current technical chart appears weak, making rebounds challenging. It is recommended to be cautious in positioning, closely monitor key volume levels and K-line performance, and reasonably control positions and risk exposure. Only structural positives or sustained fund inflows will truly open the rebound window, with operations primarily defensive, balancing offense and defense, and adjusting flexibly
Fuyao Glass (3606.HK) has recently faced significant pressure at the HKD 20.00 level, with the stock price's central tendency continuously declining. The technical indicators in the early trading session continue to show a death cross pattern, with clear divergence between bulls and bears. Market data indicates that the 5-day and 10-day moving averages exert significant pressure on the stock price, and the MACD death cross has not shown significant convergence during the period, with momentum still leaning bearish. In the past few days, the inflow of main funds has been weak, with bottom-fishing mainly characterized by short-term quick entries and exits, showing insufficient rebound willingness. From the market environment perspective, the automotive and manufacturing sectors are experiencing volatility, dragging down overall risk appetite. Some funds are attempting to buy low near the key support level of HKD 20.00, but if this level is breached, it may trigger further declines.
Short-term analysis suggests that if the HKD 20.00 support holds today and the trading volume shows a moderate recovery, there may be a chance for a structural rebound. However, the rebound window depends on whether the pressure zone at HKD 23.00 can be broken. If the pressure zone continues to be blocked, the existing game of stock trading and the back-and-forth struggle between bulls and bears will persist. Caution is advised for "false breakouts" in the early stages of the rebound and any unusual movements in short-term funds. Investors should pay attention to intraday trading volume, holding confidence, and industry news. If new negative catalysts arise, quick avoidance is necessary. Overall, Fuyao Glass's current technical chart appears weak, making rebounds challenging. It is recommended to be cautious in positioning, closely monitor key volume levels and K-line performance, and reasonably control positions and risk exposure. Only structural positives or sustained fund inflows will truly open the rebound window, with operations primarily defensive, balancing offense and defense, and adjusting flexibly
