Morning Trend | Sinopec Corp. Approaches Resistance Level, Can Bullish Momentum Continue?

On January 15th, after the market closed, Sinopec Corp. (386.HK) attracted significant attention from funds, with a bullish atmosphere continuing to ferment. During the trading session, the stock price gradually climbed, with short-term speculative funds repeatedly pushing it higher, testing previous highs consecutively. The overall capital inflow into the oil and gas sector was significant, with leading stocks being more prominent. Recent fluctuations in international oil prices have provided short-term momentum for energy stocks, and news of Saudi Arabia's voluntary production cuts continues to impact the market, increasing expectations of global supply tightness and enhancing market elasticity. On the news front, the market holds positive expectations for state-owned enterprise dividends and central enterprise reforms, with related policies driving funds back into oil-related assets. Sinopec Corp. has attracted defensive funds due to its high dividends and robust fundamentals. From a technical perspective, the stock price is approaching a short-term resistance area, with a strong buying atmosphere; however, the MACD indicator is operating at a relatively high level, and some funds are under pressure to realize profits. Some traders are operating in line with the trend during the day, but signals of high-low switching are beginning to emerge, and some funds have already flowed out in advance. It is important to note that if international oil prices experience severe fluctuations or domestic policies are frequently adjusted, the overall volatility of the energy sector may intensify. Currently, the bullish structure has basically remained unchanged, but high-level fluctuations and short-term risks are continuously accumulating, making it more difficult to chase prices. In terms of operational advice, it is essential to closely monitor intraday trading volume and news dynamics; if there is a surge followed by a pullback or an increase in trading volume leading to a decline, vigilance should be raised regarding the main funds adjusting positions at high levels