Morning Trend | New World Development (17.HK) Approaches Support, Will Real Estate Make a Comeback?
New World Development (17.HK) continued to perform poorly yesterday, with funds on the sidelines during the session, actively selling off, and the stock price testing previous lows. There is no significant easing in real estate policies, and the implementation of policies such as the "three arrows of financing" is slow. The company has no substantial positive news, and the overall industry sentiment is low, dominated by a pessimistic atmosphere. The MACD has just crossed bearish, and the moving average pressure continues. The sector is in a risk release period, with right-side trading tending to be cautious, waiting for clear marginal signals. Pay attention to whether key levels are maintained during the session and any unusual fund movements. If these levels are breached, it may trigger further sell-offs, making it difficult to judge a strong counterattack in the short term
New World Development (17.HK) continued to perform poorly yesterday, with funds on the sidelines during the session, actively selling off, and the stock price testing previous lows. There is no significant easing in real estate policies, and the implementation of policies such as the "three arrows of financing" is slow. The company has no substantial positive news, and the overall industry sentiment is low, dominated by a pessimistic atmosphere. The MACD has just crossed bearish, and the moving average pressure continues. The sector is in a risk release period, with right-side trading tending to be cautious, waiting for clear marginal signals. Pay attention to whether key points during the session are held and any unusual fund movements; if they are lost, it may trigger further sell-offs, making it difficult to judge a strong counterattack in the short term
