Morning Trend | POWER ASSETS continues to rise, can the sector maintain its main upward momentum?

On January 22, at the close, POWER ASSETS (6.HK) showed a clear bullish atmosphere throughout the trading day, with moderate volume supporting the stock price to oscillate upward along the moving averages, and the activity of swing funds showing a further upward trend. This week, the energy sector has continuously attracted incremental funds due to its defensive attributes, and POWER ASSETS, with its solid fundamentals and strong earnings predictability, has historically been the preferred allocation target for large institutional funds' stable accounts. Although the pace of capital inflow has not significantly increased, the buying power has shown strong resilience, with good volume-price coordination, solidifying the bullish structure and steadily breaking through short-term resistance levels multiple times. The mainstream view in the market believes that the recent rise of POWER ASSETS is mainly due to increased industry allocation demand at the beginning of the year, with institutional funds gradually increasing their basic positions, while short-term funds primarily focus on tentative upward movements, with trend-following trading and swing operations being actively synchronized. In terms of industry and news, there have been no significant positive or negative announcements, and the public utility sector continues to recover overall, with a stable supply-demand pattern. The external market is also relatively calm, with the overall rebound of Hong Kong stocks providing additional momentum for the sector. Defensive heavyweight stocks benefit from risk aversion and incremental allocation demand, with funds exhibiting a collective clustering characteristic. It is worth noting that after a sustained rise, some high-position varieties have experienced significant fluctuations; although the main funds remain steadfast, there are also instances of local profit-taking at high levels, increasing market divergence on whether the main upward trend can continue. Technically, the daily trend remains robustly upward, with MACD momentum being strong, red bars continuously expanding, and KDJ operating at high levels indicating that short-term active funds are still in play, but overbought signals are gradually strengthening