Morning Trend | AVICHINA falls towards previous lows, will the military industry concept change direction with increased volume?
On November 20th, AVICHINA (2357.HK) maintained a weak oscillation throughout the day, with continuous capital outflow after the opening, and no significant rebound during the session. The military industry sector showed lackluster performance. The MACD continued to show a death cross, and the K-line remained close to the lower boundary of the range for an extended period, with concerns in the secondary market continuing to rise. On the news front, there was a lack of industry favorable factors, and the enthusiasm for themes significantly cooled down, with capital flowing out of military themes at high levels, and institutional risk appetite clearly declining. The market generally believes that the sector lacks new growth logic, and incremental capital is on the sidelines. From a technical perspective, the stock price is in a multi-cycle downtrend, repeatedly testing lower support in the short term, with weak willingness to absorb selling pressure, making it difficult for weak rebounds to sustain. If there are no marginal favorable policies released for the military industry in the short term, local capital will struggle to form a concerted effort, making rebounds or corrective trends hard to appear. The current oscillating downward pattern is unlikely to reverse, with mainstream styles tending towards defense and emphasizing risk control. Future attention should be closely paid to policy developments and sudden announcements; only if there are significant movements in heavyweight leading stocks can a repair window be opened; otherwise, the risk of inertia in the market's downward trend should be guarded against. Overall, investment should primarily be cautious, waiting for structural confirmation
On November 20th, AVICHINA (2357.HK) maintained a weak oscillation throughout the day, with continuous capital outflow after the opening, and no significant rebound during the session. The military industry sector showed lackluster performance. The MACD continued to show a death cross, and the K-line remained close to the lower boundary of the range for an extended period, with concerns in the secondary market continuing to escalate.
On the news front, there was an absence of industry favorable factors, and the enthusiasm for themes significantly cooled down, with capital flowing out of military themes at high levels, and institutional risk appetite clearly declining. The market generally believes that the sector lacks new growth logic, leading incremental capital to remain on the sidelines. From a technical perspective, the stock price is on a multi-cycle downtrend, repeatedly testing lower support in the short term, with weak willingness to absorb selling pressure, making it difficult for weak rebounds to sustain.
If there are no marginal favorable policies released for the military industry in the short term, it will be challenging for local capital to form a concerted effort, and rebounds or corrective trends are unlikely to occur. The current pattern of oscillating downward is difficult to reverse, with mainstream styles tending towards defense and emphasizing risk control. Future attention should be closely paid to policy developments and sudden announcements; only if there are significant movements in large orders from heavyweight leaders can a repair window be opened; otherwise, the risk of inertia in the market's downward trend should be guarded against. Overall, investment should primarily focus on waiting and observing for structural confirmation
