Morning Trend | PERSISTENCE RES falls close to previous lows, is a bottoming rebound about to occur?

PERSISTENCE RES (2489.HK) continued to weaken during yesterday's trading session, hitting new lows throughout the day, becoming a notable laggard in the resource sector. Mainstream funds have almost entirely withdrawn, with trading volume significantly shrinking, and high-level funds have all chosen to remain on the sidelines. The market is extremely sensitive to fluctuations in resource prices, and the overall industry chain is quiet, with short-term active funds also opting to wait on the sidelines. From a fundamental perspective, the company has no new announcements recently, and there are no short-term favorable catalysts in the industry, resulting in low fundamental performance. The MACD shows a clear bearish trend, with the price center continuously moving downward, and the market is completely controlled by defensive funds. Some stocks in the same sector have also experienced similar sharp declines, as resource-related funds tend to avoid risks in the absence of performance highlights. Key attention should be paid to fund movements and volume changes in the previous low area in the intraday structure. If there are signs of bottoming out and capital inflow, it will provide a warning window for right-side traders. If the volume continues to shrink, it may lead to accelerated bottom-seeking risks, falling into a vicious cycle of selling pressure. If there is a volume rebound and intraday support signals at the bottom, it will present a speculative opportunity that needs to resonate with the overall trend. Short-term strategy suggests focusing on wave operations, with gradual low buying or taking profits on highs. In the absence of incremental stories, do not blindly bottom-fish; resource stocks are highly volatile with significant risks of sharp declines, so operations should be flexible, with a strong emphasis on defensive strategies. Continuously monitor intraday volume and industry information, waiting for a marginal shift catalyzed by emotional repair