Morning Trend | CHINA XLX FERT sees high volume at elevated levels, is short-term capital active with increased volatility?

On December 29th, CHINA XLX FERT (1866.HK) maintained a high-level fluctuation in its stock price, driven by news of new orders landing for the upcoming year, significantly enhancing market activity. Main funds continued to increase their positions, and retail participation rose, leading to an expanded trading volume throughout the day and the formation of a short-term rebound pattern. The market generally expects the company to benefit from the recovery of domestic spring plowing demand and favorable raw material prices, achieving rapid performance recovery. The market performance showed a rapid price surge, breaking through multiple short-term moving average pressures, with the short-term trend continuing to rise. Technical indicators performed well, with clear wave patterns, but some funds have reduced their positions in the high-level intraday charts, and there is a cautious attitude among chasing funds. Although the volume-price relationship supports the rise, pressure increases as the stock price approaches previous highs, leading some main funds to choose to lock in profits. In terms of news, the company has reached new shipping contracts with large agricultural groups, stabilizing order replenishment expectations, coupled with the industry entering a critical period for spring plowing preparations, creating an optimistic industry atmosphere. Main funds are leading the upward movement, but the market generally warns that overly heated short-term sentiment can lead to severe fluctuations. Operators should pay attention to intraday anomalies, high-level pullbacks, and the impact of sudden news on market rhythm. Overall, while there is sufficient elasticity driven by funds, the sentiment of chasing highs and cutting losses is evident, and the risk of pullbacks is increasing. Operators should closely monitor intraday fund changes and order news progress to guard against sharp declines caused by sentiment reversals