
Morning Trend | AUTO ITALIA consolidates with reduced volume, is a breakout window approaching?

AUTO ITALIA (720.HK) experienced mostly low-volume consolidation during yesterday's trading session, with trading volume continuing to shrink and a strong wait-and-see atmosphere. The stock price has fallen back to the lower end of the range, with major funds being extremely cautious in their positioning, leading to a loosening of the short-term bullish chain. Technical indicators have slightly weakened, and the market trend remains unclear, with sector funds generally waiting for new signals. There have been no new themes or announcements in the industry recently, and fluctuations in external sectors have increased, with local funds tending towards a defensive stance. Market views suggest that it is in a phase of consolidation and accumulation; if there is a subsequent breakout with increased volume, the window for a range rebound may open quickly. However, sluggish trading may suppress the height of the rebound. The current key support level is at the previous low, and funds are highly focused on the safety boundaries of the range. Shrinking volume or sudden adjustments in the sector may lead to a resurgence of short positions. Right-side traders are more focused on bottom movement signals in their stock selection, patiently waiting for new opportunities to arise
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