
Morning Trend | CHINA SUNTIEN aggressively accumulates shares, can the bullish trend break new highs?

China Suntien Green Energy (956.HK) has recently continued to attract significant capital inflows, benefiting from policy dividends, with the new energy sector maintaining high enthusiasm. On January 19th, the stock surged again towards the end of trading, with trading volume reaching a two-week high, as some major funds attempted to enter the bullish camp, leading to lively discussions in the market about breaking through previous highs. The company has recently focused on landing several energy projects, with related signing and industrial cooperation announcements frequently trending in new energy communities. The intraday trading has shown persistent high-level fluctuations, with a prominent bullish pattern, and active buying has been evident, challenging the resistance multiple times. However, it should be noted that as the stock price approaches previous highs, the divergence between bulls and bears intensifies. If high-level funds cash out or the overall market adjusts, the short-term momentum may easily experience repeated fluctuations or even pullbacks. Additionally, the new energy sector faces fluctuations in international raw material prices and changes in macro policy expectations, which can significantly impact short-term trends. It is recommended to closely monitor the direction of major capital flows and changes in policy news. As long as trading volume remains active, after appropriate digestion of high-level divergences, there is hope for continued upward movement. In terms of operations, it is advisable to follow up in reasonable batches, closely watch the overall market and sector linkage signals, and avoid risks associated with chasing highs. If there is a volume-backed pullback or external news disturbances, it is prudent to reduce positions for defense
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

