Morning Trend | KUNLUN ENERGY (135.HK) continues to rise with increasing volume, is the market showing signs of overbought?

KUNLUN ENERGY (135.HK) has recently seen a continuous increase in volume, with a daily MACD golden cross signal already appearing, indicating a gradually forming short-term bullish pattern. Yesterday, the bullish main force actively pushed the price up during the session, with the stock trading above the 5-day and 10-day moving averages, and the trading volume has remained robust for several days, reflecting a high market participation sentiment. From an overall rhythm perspective, KUNLUN ENERGY is at the end of an upward channel, with increased enthusiasm for chasing prices, but as it approaches the recent high point, some technical indicators have issued overbought warnings. Fundamentally, KUNLUN ENERGY benefits from fluctuations in international energy prices and growing natural gas demand, with performance expectations continuously being revised upward, and the sector as a whole is active. Recently disclosed financial report data and favorable policy catalysts have led to inflows of main funds, increasing short-term trading enthusiasm. However, after a continuous upward movement, overbought pressure is beginning to accumulate, and some short-term funds have shown signs of profit-taking. Intraday volatility may amplify at any time. On the technical side, after the MACD golden cross was initiated, momentum continues to strengthen at this stage, with the 5-day moving average serving as the first support. If it can hold steady today and trading volume continues to expand, KUNLUN ENERGY is expected to challenge new highs. If the volume shrinks, attention should be paid to the intensifying divergence of funds, and the stock price may oscillate back to the 5-day and 10-day moving average areas for consolidation. As it approaches important thresholds, phenomena such as large order fluctuations and rapid back-and-forth movements will frequently occur, and investors need to pay attention to the changes in the five-level order book and active buy and sell orders. In terms of operational strategy, it is recommended that short-term investors control their pace, avoid chasing high prices, and moderately reduce positions to lock in profits when prices rise. Swing holders should pay attention to the gains and losses of support levels, using trend lines as stop-loss criteria, and flexibly adjust their positions