Morning Trend | LAP KEI ENGRG (1690.HK) Support Test, Can the Engineering Sector's Lackluster Market Be Ignited?
LAP KEI ENGRG (1690.HK) performed weakly on November 19, with no significant events driving the entire engineering infrastructure sector, leading to a lack of market activity. During the trading session, there were multiple tests of the key support zone at 8-9 cents, with low willingness for capital to attack. On the technical side, the intraday flow significantly slowed down, and the main force's adjustment actions were limited, with occasional low absorption but no new main line of the market formed. The sector rotation lagged, and the event-driven aspect faded, with some funds choosing to wait and see. Currently, the market's elasticity is limited, lacking new highlights from the industry or companies, and a sustained rebound requires waiting for external variables. Confidence in medium-term holdings has decreased, and small funds are tentatively participating in the short term. If the overall market or engineering sector declines simultaneously, the support range may be quickly broken. In this context, liquidity dominates the market rhythm, making stop-loss management increasingly critical. Future strategies suggest continuously monitoring volume and price fluctuations, tracking policy variables and external market events, and paying attention to sudden abnormal signals during trading to dynamically adjust positions and risk exposure
LAP KEI ENGRG (1690.HK) performed weakly on November 19, with no significant events driving the entire engineering infrastructure sector, leading to a lack of market activity. Throughout the day, there were multiple tests of the key support zone at 8-9 cents, with low willingness for capital to attack.
On the technical side, the intraday flow has significantly slowed down, with limited adjustments from the main players. There were occasional low-buying attempts, but a new main trend has yet to form. The sector rotation is lagging, and the event-driven aspect has faded, with some funds choosing to wait and see.
At the current juncture, market elasticity is limited, lacking new highlights from the industry or companies, and a sustained rebound requires waiting for external variables. Confidence in medium-term holdings is declining, while short-term small funds are tentatively participating.
If the overall market or the engineering sector declines simultaneously, the range support may be quickly breached. In this context, liquidity will dominate market rhythm, making stop-loss management increasingly critical.
Future strategy recommendations include continuously monitoring volume and price fluctuations, tracking policy variables and external market events, and paying attention to sudden abnormal signals during trading, dynamically adjusting positions and risk exposure
