Morning Trend | NOVOSENSE's trading volume gently expands, can the technology growth stocks main line withstand the overbought pullback?

NOVOSENSE (2676.HK) has recently shown a bullish structure in the market, with the MACD golden cross pattern initially emerging, and bullish momentum continuing to increase. The trading volume in the early session has moderately expanded, and the stock price has consistently stabilized above the 5-day and 10-day moving averages, indicating that technical traders and major players still have a strong willingness to buy. The short-term performance of technology growth stocks remains robust. However, caution is advised regarding the potential risk of short-term overbought pullbacks after consecutive rises. In terms of sector style, the overall hotspots in the technology sector still exist, benefiting from the global industrial chain bottoming out and the domestic substitution cycle. NOVOSENSE, relying on core sensors and emerging technology market demand, has gained favor from investors. Recently, major funds have continued to flow south with a net inflow, but the overall market rhythm needs to pay attention to the short-term fluctuations caused by internal sector rotation and style switching. From a technical analysis perspective, after the MACD golden cross, the red bars are gradually pushing up, and the bullish arrangement is moving upward in a stepped manner. If the early session volume continues to expand, the main upward wave is expected to accelerate, with the target price likely to challenge the upper pressure ahead of schedule. If there is a concentrated profit-taking during the session, or if the sector's heat cools down, it is necessary to guard against a pullback to the 10-day line and the consolidation process of the daily K-line. Operational suggestions: The main line of technology remains unchanged, and short-term investors should closely monitor the intraday fund flow and sector-specific changes, avoiding chasing high when the volume significantly shrinks. Medium-term investors can pay attention to low-buy opportunities after adjustments, and subsequently focus on tracking the company's new product launches and performance realization, being cautious of the industry’s cyclical fluctuations leading to unmet expectations. Conservative investors are advised to gradually realize some profits at highs to reduce the risk of pullbacks