Morning Trend | JD LOGISTICS tests support, can it trigger short-term fluctuations?

JD LOGISTICS (2618.HK) has recently continued to show weak fluctuations in its stock price, maintaining an overall pattern of reduced volume adjustments, primarily consolidating around key support levels. The overall K-line is dominated by bearish candles, with the 5-day and 10-day moving averages in a downward mutual suppression state, and the short-term moving averages displaying a typical death cross structure. The MACD indicator continues to show green bars, indicating a prevailing bearish sentiment in the market. From a fundamental perspective, the company's order growth rate has slowed, and the logistics industry's gross profit margin is under pressure, leading investors to hold conservative expectations for future profit growth. Increased industry competition and emerging supply-demand conflicts, coupled with macroeconomic uncertainties, have intensified the overall capital outflow from the sector. Recent continuous reduced volume performance indicates that both major players and external funds are tending to adopt a wait-and-see approach. In the short term, JD LOGISTICS has now retraced to the support range of HKD 10.5-11.0. If there is a warming of major player momentum during today's trading, accompanied by a moderate increase in trading volume and a rise above HKD 11.5, it may trigger a short-term rebound and open up new upward space. Otherwise, a breach of the support zone will further accelerate the downward process. Investors are advised to focus on risk control, closely monitor intraday volume and price data, and wait for confirmation of capital movement signals. Set stop-loss levels, engage in light positions for quick rebounds, and avoid blindly increasing positions or chasing highs