Morning Trend | KINGBOARD HLDG (1888.HK) Approaches Key Resistance Level, Will Intraday Unwinding Bring New Round of Volatility?

KINGBOARD HLDG (1888.HK) has recently seen a continuous rebound in its stock price, with a moderate increase in trading volume yesterday, and the K-line successfully closed above the 5-day and 10-day moving averages. Technically, the daily MACD has formed a golden cross, establishing an initial bullish pattern in the short term. There is a noticeable inflow of bullish funds, and buying enthusiasm is recovering, with the market trend gradually entering a right-side trend. However, it is worth noting that the stock price is approaching the key resistance level of previous highs, and in this sensitive range, there is a strong willingness among historical holders to break even. If selling pressure emerges during the session, it may lead to a new round of volatility. Currently, the overall market risk appetite is stable, and the electronic circuit board sector is gradually becoming active. KINGBOARD HLDG previously benefited from the stabilization of raw material prices and the recovery of downstream demand, with performance expectations attracting some long-term funds to enter. There are no significant negative news pressures, and the short-term trend is expected to continue. However, as the stock price approaches previous highs, a large number of break-even and floating profit shares may be sold at any time, leading the market to face a certain "tug-of-war." In terms of technical indicators, the MACD momentum bars are gradually expanding after the golden cross, and the 5-day moving average plays a key support role. If today's trading volume continues to increase moderately, maintaining stability above the 5-day and 10-day lines, there is a short-term expectation to further challenge the resistance area; conversely, if the volume decreases and the break-even shares are concentratedly released, caution is needed for a pullback to support before entering a high-level consolidation. Investors should closely monitor the intraday fluctuations and pay attention to signals of main force lifting and large sell orders