Morning Trend | QINQIN FOODS falls near support, can the rebound window open after a volume contraction consolidation?
QINQIN FOODS (1583.HK) has recently continued to weaken, approaching the key technical support zone of 0.28 to 0.26 HKD again last Friday. The consumer sector is performing sluggishly, with weak short-term activity in the food and beverage field. From a technical analysis perspective, the MACD death cross continues, with both short-term and medium-term moving averages declining, and the chip structure is loosening. In the context of a volume-consolidating structure, buying power remains weak. Although there are occasional small impulses during the trading session, the sustainability is poor, and the volume follow-up is insufficient. If positive news or industry data recovery occurs subsequently, the process of bottom repair may begin, but the overall trading window still needs to wait for significant signals. For right-side traders, it is currently more suitable to observe the changes in industry leaders and sector activity, and it is recommended to patiently wait for capital to flow back. If short-term support is lost, one still needs to guard against the pressure of inertia decline. Industry data and company fundamentals dynamics become the focus of monitoring
QINQIN FOODS (1583.HK) has recently continued to weaken, once again approaching the key technical support zone of 0.28 to 0.26 HKD last Friday. The consumer sector is performing sluggishly, with weak short-term activity in the food and beverage field.
From a technical analysis perspective, the MACD death cross continues, with both short-term and medium-term moving averages trending downward, and the chip structure is loosening. In the context of a volume-consolidating structure, buying power remains weak. Although there are occasional small impulses during the trading session, the sustainability is poor, and the volume is insufficient. If positive news or industry data improves in the future, the process of bottom repair may begin, but the overall trading window still needs to wait for significant signals.
For right-side traders, it is currently more suitable to observe changes in the activity of industry leaders and sectors, and it is recommended to patiently wait for capital to flow back. If short-term support is lost, it is still necessary to guard against the pressure of inertia downward. Industry data and company fundamentals will become key monitoring points
