Morning Trend | Badger Meter reduces volume with bullish control, is a major player movement market coming?
Badger Meter (BMI.US) showed significant market fluctuations yesterday, with rapid inflow of rotational funds and a strong presence of short-term bulls during the session. From a technical perspective, all major daily moving averages are trending upwards, and the MACD has accelerated the accumulation of red bars after a golden cross, with the main force steadily pushing up for three consecutive days. The trading volume appears slightly converged compared to previous periods, but prices are steadily reaching new highs at elevated levels, providing traders with expectations. Community hot posts have repeatedly mentioned that "the window for sector leaders' abnormal movements is approaching." On the news front, there are recent signs of accelerated demand for smart water meters and industrial IoT, with long-term funds maintaining a bullish outlook on the industrial logic. The market's expectations for BMI's order growth and profit margin elasticity have strengthened, with a clear willingness for large capital inflow. Time-sharing tracking revealed that the main force's proactive trading volume continued to expand during yesterday's afternoon session, indicating a potential return of short-term chasing funds. It is worth noting that after the market close, some institutional funds made small-scale adjustments, showing unresolved divergences. The most noteworthy aspect of the market is that despite the consecutive upward trend, there has been no panic selling pressure, and the reduced volume at smaller levels has instead concentrated short-term chips further. If an effective breakthrough of the $155 resistance level can be achieved in the next day or two, it will further open up the potential for price increases, significantly raising the probability of short covering. However, if severe divergences occur, with intraday volatility exceeding historical averages, short-term profit-taking may happen. Operational advice: Currently, BMI is still in a bullish control pattern, and right-side funds should follow the main force's layout, but remain vigilant about the risks of volume contraction and increased divergences. It is suitable for T+0 fast-paced trading, flexibly capturing short-term fluctuations through high selling and low buying
Badger Meter (BMI.US) showed significant market fluctuations yesterday, with rapid inflows of rotating funds and a strong presence of short-term bulls during the session. From a technical perspective, all major daily moving averages are trending upward, and the MACD has accelerated the accumulation of red bars after a golden cross, with the main force steadily pushing up for three consecutive days. The trading volume appears slightly convergent compared to previous periods, but prices are steadily reaching new highs at elevated levels, providing traders with expectations. Community hot posts have repeatedly mentioned that "the window for sector leaders' abnormal movements is approaching."
On the news front, there are recent signs of accelerated demand for smart water meters and industrial IoT, with long-term funds maintaining a bullish outlook on the industrial logic. The market's expectations for BMI's order growth and profit margin elasticity have strengthened, with a clear willingness for large capital inflows. Intraday tracking of the order book revealed that the main force's proactive trading volume continued to expand during yesterday's midday session, indicating a potential return of short-term chasing funds. It is worth noting that after the market closed, some institutional funds made small-scale adjustments, showing unresolved divergences.
The most noteworthy aspect of the market is that despite the consecutive upward trend, there has been no panic selling pressure, and the reduced volume at smaller levels has instead concentrated short-term chips further. If an effective breakthrough of the $155 resistance level can be achieved in the next day or two, it will further open up the potential for price increases, significantly raising the probability of short covering. However, if severe divergences occur, with intraday volatility exceeding historical averages, short-term profit-taking may happen quickly.
Operational advice: Currently, BMI is still in a bullish dominant pattern, and right-side funds should follow the main force's layout, but remain vigilant about the risks of volume contraction and increased divergences leading to pullbacks. It is suitable for T+0 fast-paced trading, flexibly capturing short-term fluctuations through high selling and low buying switches
