JIANGXI COPPER (358.HK): Following commodity trends, bulls are making efforts, but short pressure needs to be cautious

Jiangxi Copper has recently performed well, rising in tandem with international copper prices and continuously attracting attention from market funds. During the trading session, the stock price once approached a new high for the period, with the bull market effect in international commodities being significant, and expectations for infrastructure in Europe and the United States driving industry valuation recovery. It is noteworthy that the company has not made any new major announcements, but the influx of funds is evident, indicating strong trend trading behavior within the sector. On the trading front, short-term bulls are actively entering the market, and trading volume is rapidly increasing. Key indicators during this period remain in a bullish arrangement, and the trading atmosphere is relatively positive. Nevertheless, signs of overheating are gradually accumulating, and by the close, related technical overbought indicators have reached high levels, leading many traders to become cautious, with some funds choosing to take profits after the price increase, resulting in greater divergence towards the end of the session and increased market volatility. The mainstream view in the market suggests that the copper sector's future fluctuations may be more influenced by overseas macroeconomic conditions and changes in copper prices. If there is a divergence in price and volume or adverse external news impacts, correction pressure may arise at any time. However, if it coincides with industrial policies or a new wave of global infrastructure catalysis, the bullish trend is still expected to gather momentum quickly. It is not advisable to chase high prices at this time; instead, focus on tracking changes in trading volume and overseas market events. In summary, the rising divergence among major players and the risk of overbought corrections coexist in the short term, with external catalysts or large capital movements remaining key indicators