Morning Trend | VOBILE GROUP's capital is accelerating outflow, is a short-term rebound window coming?

VOBILE GROUP (3738.HK) has recently shown significant signs of capital outflow in its stock price, especially after the MACD death cross signal appeared on the daily chart, indicating a clear increase in the willingness of main funds to exit. The recent trading volume has expanded, and the stock has been on a downward trend for several consecutive trading days, with major technical indicators such as VAR and SAR also trending downwards, suggesting that a short-term bearish pattern has been initially established. On the chart, VOBILE GROUP's stock price has continuously fallen below the 5-day and 10-day moving averages, with the daily bearish candlestick body expanding, and recent lows being frequently refreshed, indicating a significant weakening of market bullish momentum. From a fundamental perspective, the company has not had any major positive catalysts recently, combined with the overall weak sentiment in the Hong Kong stock market, leading to increased defensive positioning by short-term funds, with some choosing to exit and observe. There have been no significant positive changes in the news, and technical funds are primarily engaging in left-side operations, further exacerbating volatility with stop-loss orders. In this context, the current rebound demand mainly relies on oversold recovery or an overall increase in market risk appetite. On the technical side, due to the significant decline in the previous period, some profit-taking has already occurred at the bottom, and the short-term downward momentum remains strong. It is crucial to pay close attention to the stabilization signals at the 5-day moving average and previous low range during the day. If there is a significant reduction in trading volume accompanied by bullish intraday movements, there may be a short-term technical rebound window. However, if the mismatch between volume and price cannot be reversed during the session, the possibility of a new low under bearish dominance cannot be completely ruled out. In terms of operational strategy, it is recommended that investors strictly control their positions, set stop-loss protections, and closely monitor capital distribution and industry news changes