Morning Trend | FOURTH PARADIGM falls close to previous lows, is risk sentiment in the AI sector heating up again?

After the market closed on November 20, FOURTH PARADIGM (6682.HK) showed a weak decline throughout the day, with the AI and big data sectors generally performing poorly. The stock opened lower and continued to decline, with both bulls and bears mainly observing, and there was no effective rebound throughout the day. The MACD death cross signal remains, and the stock price has approached the previous low multiple times, with the market paying attention to whether there will be funds entering the market to support the price in the short term. Recently, there has been a basic lack of hot topics in the AI sector, with mainstream funds rotating between sectors, favoring some high-growth tech stocks, while funds in the big data and AI sectors remain weak. There are currently no significant announcements from the company, and the impact of AI technology progress on the company's valuation is difficult to realize in the short term, leading to a passive overall logic. The market mainly follows the fluctuations in the overall market sentiment, lacking dominant incremental news. On the technical side, the lower Bollinger Band and previous lows are being tested repeatedly, with thin support and shrinking volume. Right-side trading funds remain defensive, and intraday fluctuations are mostly passive follow-ups, with the rebound window relying heavily on macro or sectoral positive news. Overall risk sentiment is heating up, and it is crucial to pay close attention to volume anomalies and sentiment changes. If negative events are transmitted within the industry or market, the downward trend may easily amplify. For short-term operations, it is recommended to continue observing, focusing on industry policies and event catalysts, and waiting for structural turning signals. Only with an effective rebound in the overall market or large AI-weighted stocks can FOURTH PARADIGM potentially welcome a high-elasticity recovery