Morning Trend | JOHNSON ELEC H tests the lower Bollinger Band, will the weak chain be broken?

Johnson Electric Holdings (179.HK) has recently shown a fluctuating daily trend, with a clear downward trend. The MACD has crossed bearish again, and the green bars are expanding, indicating that short-term bearish pressure is continuously accumulating. The stock price has tested the lower Bollinger Band support multiple times but has failed to form an effective rebound. The trading volume during the day remains sluggish, reflecting that the main funds are operating cautiously, and overall market confidence has not yet recovered. Under the current circumstances, Johnson Electric Holdings is at the lower end of the oscillation range, and if it cannot stabilize, the risk of breaking down is significant. Although the company's fundamentals possess industry competitiveness and the gross profit margin is relatively stable, the demand in the end market has not clearly improved, and the short-term profit growth momentum is limited. In addition, the external economic environment and disruptions in the industrial chain have increased the uncertainty of future performance. As a representative company in the mechanical manufacturing field, Johnson Electric Holdings has limited performance recovery elasticity, and the market's preference has shifted towards defensive assets, further suppressing the rebound space of the stock price. Technically, pay attention to the previous low oscillation range and the support level below during the day; if it falls through again, it will open up further downside space. If there is active buying during the day, the stock price may experience a technical rebound in the short term, but the volume must effectively support it; otherwise, the rebound will lack sustainability. Short-term operations are recommended to focus on defense, paying attention to support breaches and changes in intraday volume, avoiding counter-trend increases. In the medium to long term, it is still necessary to wait for the industry to warm up and for order data to improve, as structured opportunities are still difficult to see in the short term