Morning Trend | YANKUANG ENERGY experiences reduced volume fluctuations, is a key point battle about to break out?

YANKUANG ENERGY (1171.HK) has recently shown a significant contraction in trading volume with oscillations. The daily MACD continues to show a death cross, and the weak pattern remains unchanged, with insufficient momentum for a rebound. The K-line is repeatedly testing the support level, and the current trend is still bearish, with no large-scale capital inflow from the main funds yet. The coal sector is facing dual pressures from policy and demand, and there are currently no signs of a reversal in the supply-demand relationship downstream. Although the periodic fluctuations in international energy prices provide some localized catalysts for the industry, the uplift for YANKUANG ENERGY is limited, with funds primarily engaged in short-term speculation. From a technical analysis perspective, if the support level is breached, it may open up a new round of downward space; conversely, if it can stabilize with reduced volume and gradually increase trading volume, a short-term recovery may be on the horizon. The intraday trading volume and the sustainability of the main buying near key points are worth paying close attention to. Operational advice suggests focusing on bottom defense at present, and it is not advisable to chase high prices. Only consider moderate phased layouts when there are clear signs of increased volume and stabilization, and avoid blind contrarian operations, while closely monitoring changes in policy and the industry's economic cycle