Morning Trend | CITYCHAMP (256.HK) short-term activity, can the sector's speculative funds push it higher?

Technical Forecast
2026.01.29 01:00
portai
I'm PortAI, I can summarize articles.

CITYCHAMP (256.HK) experienced another wave of short-term surges after yesterday's close, returning to active visibility. Benefiting from the international gold price hitting new highs this week, the heat of Hong Kong's jewelry and watch stocks has rapidly increased. During the trading session, multiple funds took turns testing the waters, with the main force accelerating turnover, and the stock price returning above the 5-day moving average, establishing a preliminary bullish structure. On the news front, the performance forecast announcement from leading companies effectively stimulated the speculative atmosphere in the sector. In the morning session, capital games intensified, with an operational style characterized by "quick in and out," and the market is hotly debating whether short-term opportunities can continue, with emotions of chasing highs and arbitrage intertwined. The MACD daily chart shows a clear golden cross, with preliminary bullish signals established, but there are still significant long and short divergences within the sector. The capital performance is marked by frequent anomalies during the session, with profit-taking strategies of high selling and low buying, and some wave funds choosing "quick in and out," leading to a continuous increase in intraday turnover rate. After a period of consolidation at low levels, the stock price rebounded, with main force chips gradually settling, but the trading volume has not significantly increased, raising the risk of localized surges. Overall, the jewelry sector is highly sensitive to gold prices and global macro conditions. If leading stocks drive emotional outbreaks, intraday funds may show anomalies, requiring dynamic adjustments of strategies in conjunction with changes in international gold prices and macro risks. Blindly chasing highs is not advisable; it is recommended to pay attention to market volume and news catalysts. In wave operations, dynamically manage risk exposure to avoid being "stuck" by extreme differentiated market conditions