Morning Trend | YNBY INTL price hits bottom, can the sluggish funds ignite the first bullish candle?
Yesterday, YNBY INTL closed extremely dull, with prices continuously declining and funds completely on the sidelines. There were no new catalysts for the company or the industry, and some investors were hoping for new trade procurement news, which has yet to materialize. The daily chemical sector is in a self-repair cycle, with main funds increasingly withdrawing and trading activity extremely light. The technical indicators are under continuous pressure, with no signs of strengthening in MACD and bullish momentum, and the support at the lows is almost breached. Occasionally, there are rumors of new product channel launches, but the company has not disclosed any formal progress, and most positions are defensive, with right-side participants paying attention to intraday fluctuations. Risk warning: If the current support is not maintained, the risk of a sharp decline increases, and any new news catalyst could intensify volatility
Yesterday, YNBY INTL closed extremely dull, with prices continuously declining and funds completely on the sidelines. There were no new catalysts for the company or the industry, and some investors were hoping for new trade procurement news, which has yet to materialize. The daily chemical sector is in a self-repair cycle, with main funds increasingly withdrawing and trading activity extremely light. The technical indicators are under continuous pressure, with no signs of strengthening in MACD and bullish momentum, and the support at the lows is almost breached. Occasionally, there are rumors of new product channel launches, but the company has not disclosed any formal progress, and most positions are defensive, with right-side participants paying attention to intraday fluctuations.
Risk warning: If the current support is not maintained, the risk of a sharp decline increases, and any new news catalyst could exacerbate volatility
