Morning Trend | CITIC TELECOM breaks through the platform with increased volume, are there emerging opportunities in the tech and communications sector?
CITIC TELECOM (1883.HK) broke through the consolidation platform with increased volume yesterday, and the daily MACD has formed a golden cross, entering a short-term upward rhythm. The technology and communication sector is overall active, with significant inflows of main funds in batches. On the fundamental side, the company's cross-border data and cloud service businesses are experiencing high growth, and performance expectations continue to improve. If the platform can stabilize with increased volume after the breakout, it is expected to open up space for a wave of upward movement. In terms of operations, it is recommended to focus on intraday volume and continuous bullish candlestick patterns. If the sector rotation has not ended, wave funds may continue to follow. Caution is needed against pullbacks after highs and the impact of news disturbances on short-term rhythms
CITIC TELECOM (1883.HK) broke through the consolidation platform with increased volume yesterday, and the daily MACD has formed a golden cross, entering a short-term upward rhythm. The technology and communication sector is overall active, with significant inflows of main funds in batches. On the fundamental side, the company's cross-border data and cloud service businesses are experiencing high growth, and performance expectations continue to improve. If the platform can stabilize with increased volume after the breakout, it is expected to open up space for a wave of upward movement. In terms of operations, it is recommended to focus on intraday volume and continuous bullish candlestick patterns. If the sector rotation has not ended, wave funds may continue to follow. Caution is needed against pullbacks after highs and the impact of news disturbances on short-term rhythms
