Morning Trend | MING YUAN CLOUD consolidates while searching for a bottom, is the sentiment in the real estate cloud sector under continued pressure?
MING YUAN CLOUD (0909.HK) has been consolidating at a low level recently, with weak sentiment in the real estate cloud sector. Short-term trading volume continues to shrink, and institutional trading willingness has significantly weakened. Observing the daily chart, the death cross structure remains, with MACD and KDJ both weakening, and the technical resistance level approaching HKD 3. The fundamentals of the real estate industry have not shown any fundamental turnaround, and the overall boost from cloud service business is limited. There is insufficient confidence in MING YUAN CLOUD's profitability and future growth potential, with no significant right-side signals observed. The current support range is between HKD 2.7 and 2.8. If the weak consolidation continues, bulls can only passively accumulate positions. The strategy should be to add positions after confirming right-side signals, with an overall defensive and wait-and-see approach
MING YUAN CLOUD (0909.HK) has been continuously consolidating at the bottom recently, with weak sentiment in the real estate cloud sector. Short-term trading volume continues to shrink, and institutional trading willingness has significantly weakened. Observing the daily chart, the death cross structure remains, with MACD and KDJ both weakening, and the technical resistance level is approaching HKD 3.
The fundamentals of the real estate industry have not shown any fundamental turnaround, and the overall boost from cloud service business is limited. There is insufficient confidence in MING YUAN CLOUD's profitability and future growth potential, with no significant right-side signals observed.
Currently, the support range is between HKD 2.7 and HKD 2.8. If the weak consolidation continues, bulls can only passively accumulate positions at lower levels. The strategy should be to increase positions after confirming right-side signals, with an overall defensive and wait-and-see approach
