Morning Trend | MEITU's funds shrink and observe, can the AI boom repeatedly ignite new expectations?
MEITU (1357.HK) has recently seen a significant reduction in capital, maintaining a low turnover range for several consecutive days, indicating a rising wait-and-see sentiment among major players. The intraday price movements often show a fluctuating consolidation pattern, lacking substantial upward momentum. Technically, the stock price is below the short-term moving averages, and the death cross signal has not yet been resolved, with indicators like MACD and KDJ showing weakness, indicating a stalemate between bulls and bears. Although industries such as AI and large models have seen repeated catalysts, MEITU's own fundamental drivers are weak, with slow progress in the commercialization of AI-related products, leading to a decline in investor confidence. Against the backdrop of a weakening external technology sector, incremental capital favors targets with higher certainty, impacting MEITU and intensifying the existing competitive landscape. In terms of price structure, around HKD 2.8 serves as a short-term weak support; if it breaks below in the short term, it could trigger a downward cascade towards the HKD 2.5 area. If bulls want to seize control, they need to rely on intraday fluctuations and sector correlations to drive incremental capital back. Currently, there are no strong reversal signs from either news or market signals. Considering the market atmosphere and MEITU's business fundamentals, it is recommended that investors maintain a cautious attitude, focusing on the catalysts in the AI industry chain and the matching of trading volume, with short-term strategies only suitable for defensive positions. A revival in sector sentiment and the alleviation of capital wait-and-see mood are necessary for a potential market reversal; otherwise, it is advisable to remain on the sidelines
MEITU (1357.HK) has recently seen a significant decrease in capital, maintaining a low turnover range for several consecutive days, indicating a rising wait-and-see sentiment among major players. The intraday price movements often show a fluctuating consolidation pattern, lacking substantial upward momentum. Technically, the stock price is below the short-term moving averages, and the death cross signal has not yet been resolved, with indicators such as MACD and KDJ showing weakness, indicating a stalemate between bulls and bears.
Although industries like AI and large models have experienced repeated catalysts, MEITU's own fundamental drivers are weak, with slow progress in the commercialization of AI-related products, leading to a decline in investor confidence. In the context of a weakening external technology sector, incremental funds prefer targets with higher certainty, which has impacted MEITU, intensifying the existing competitive landscape.
In terms of price structure, around HKD 2.8 serves as a short-term weak support level; if it breaks down in the short term, it could trigger a downward rush towards the HKD 2.5 area. If bulls want to seize control, they need to rely on intraday fluctuations and sector correlations to attract incremental capital back. Currently, there are no strong reversal signals from either news or market indicators.
Considering the market atmosphere and MEITU's business fundamentals, it is recommended that investors maintain a cautious attitude, focusing on the catalysts within the AI industry chain and the matching of trading volume, with short-term strategies only suitable for defensive positions. A market reversal is only likely if sector sentiment recovers and the wait-and-see mood of capital dissipates; otherwise, it is advisable to remain on the sidelines
