Morning Trend | Huaneng Power adjusts with reduced volume, can the weak pattern be broken?

Huaneng Power International (902.HK) showed a sluggish performance on January 30, with trading volume significantly reduced compared to last week. Since the end of last year, the power sector has seen a decline in trading sentiment due to a lack of clear direction and policy drivers. Currently, the policy stance on energy consumption and industry regulation has become more moderate, coupled with the fact that the earnings season for leading stocks has not yet arrived, institutional positions are in a waiting period. Yesterday, the stock price fluctuated around the support level of 5.7 yuan, with low buyer interest and a noticeable narrowing of short-term volatility. From a news perspective, fluctuations in international energy prices and new forecasts from the U.S. Energy Information Administration have caused external disturbances, indirectly affecting the performance of Hong Kong A-share power stocks. The market is not optimistic about the subsequent profit recovery of power companies, with liquidity for small-cap stocks tightening further and limited space for long and short operations. From a technical perspective, the MACD continues to decline, and the daily K-line is under pressure, with any intraday rebounds facing bearish suppression. Trading activity remains sluggish, reinforcing the characteristics of "old hotspots" in the sector, with signs of major players adjusting their positions frequently. Pay attention to the 5.7 yuan support; if there is a sudden surge in volume or positive news stimulus, there may be a chance for a rebound from oversold conditions. However, the overall market rotation remains unclear, and cautious investors should monitor volume, price, and news margins to guard against further weakness and new lows. The investment strategy suggests focusing on dynamic observation, emphasizing technical patterns and unexpected variables