Morning Trend | YUE YUEN IND Approaches Historical Highs, Short-term Pullback Expectations Rise

YUE YUEN IND (551.HK) saw a significant acceleration in trading pace yesterday, with the stock price nearing the integer level of 17.5 yuan, repeatedly challenging historical highs and attracting a large influx of short-term funds. There was a clear divergence in funds during the trading session, with high-level chips circulating rapidly, and buying and selling forces exchanging back and forth, leading to a substantial increase in overall activity. When it touched the upper Bollinger Band, market caution intensified, yet trading volume did not effectively expand, resulting in a more conservative approach from short-term funds. There were no major positive industry news or sudden developments; the apparel and sports shoe supply chain remains dominated by expectations of valuation recovery, with funds continuously speculating on fundamental improvements. Although external data has shown some improvement, the lack of strong new stimuli makes it difficult to ignite a main upward trend. The technical structure continues to show a bullish pattern, but several indicators are approaching overbought levels, prompting some short-term speculative funds to begin realizing profits. Currently, market sentiment fluctuations have become the focus of attention, with 16.48 yuan serving as the main support level, leading to intense intraday battles. Whether trading volume can subsequently expand is crucial; otherwise, the risk of a pullback after a high surge will significantly increase. Investors should pay attention to the rhythm of fund inflows and outflows to prevent sudden concentrated profit-taking. Overall, short-term risks for YUE YUEN IND have emerged, necessitating enhanced risk control to prevent the expansion of technical pullbacks