Morning Trend | BJ volume decreases as it tests the bottom, will the main force's buying signal at the 87 level come?
BJs Wholesale Club (BJ.US) fell below 88 yesterday, dipping to the 87 USD mark. The overall trading volume was average, but there was clear pressure from short sellers. The entire U.S. retail sector is affected by seasonal consumption weakness, with mainline funds taking a conservative wait-and-see approach, and some investors simply reallocating to defensive stocks, with no one daring to take action. There are rumors in the community that a group of short-term traders is waiting for capital movements at the 87 mark to see if there are signals of strong buying or large orders entering. From a technical perspective, the price is close to the lower Bollinger Band, and the MACD continues to weaken, having already recorded four consecutive bearish days in just a few days. The main players are reluctant to sell but there isn't much new buying either, with everyone guarding the 87 support line. One of the key changes traders are watching for is "increased volume buying," as any large orders pushing the price up during the day could trigger a wave of short-term sentiment recovery. In terms of operations, it is recommended to continue monitoring the market and refrain from making moves in the range for now. If there is a significant volume change during the day, prioritize short-term follow-up on the short squeeze, focusing on a high-sell low-buy strategy. There are currently no new catalysts from earnings expectations or the industry, and the sector is likely to continue a low-volume consolidation. If 87 is not held, be wary of a second wave of emotional sell-off and maintain a flexible position for quick exit. At this stage, it is mainly a wait-and-see approach, waiting for the main players to give a signal for upward movement; once the buying action starts, it could be a short-term breakout point!
BJs Wholesale Club (BJ.US) fell below 88 yesterday, dipping to the 87 USD mark. Overall trading volume was average, but there was clear pressure from short sellers. The entire U.S. retail sector is affected by seasonal consumption weakness, with mainline funds taking a conservative wait-and-see approach, and some investors simply reallocating to defensive stocks, with no one daring to take action. There are rumors in the community that a group of short-term traders is waiting for capital movements at the 87 mark to see if there are signals of strong buying or large orders entering.
From a technical perspective, the price is close to the lower Bollinger Band, and the MACD continues to weaken, having already recorded four consecutive bearish days in just a few days. The main players are reluctant to sell, but there isn't much incremental buying either, with everyone defending the 87 line. One of the key changes traders are watching for is "increased volume buying," as any large orders pushing the price up during the day could trigger a wave of short-term sentiment recovery.
In terms of operations, it is recommended to continue monitoring the market and not to take action temporarily while moving within the range. If there is a significant volume change during the day, prioritize short-term follow-up on the short squeeze, focusing on a high sell-low buy rhythm. There are currently no new catalysts from earnings expectations or the industry, and the probability of continued volume contraction in the sector is high. If the 87 level is not held, be wary of a second wave of emotional selling and maintain a flexible position for quick withdrawal. At this stage, it is mainly a wait-and-see approach, waiting for the main players to provide a signal for upward movement; once the buying action starts, it could be a short-term breakout point!
