Morning Trend | AKESO (9926.HK) Retraces to Support, Is a Rebound Window Coming?

As of the close on March 4th, the stock price continued to hover near the lower edge, with several attempts to test buying interest during the day but lacking sufficient strength, resulting in a weak rhythm. The funding situation appears more cautious, with not many proactive sell orders, but the buying support is also average, leading the market to choose to "wait and see." In the short term, it remains below the key level, with frequent actions to test support, and while there was a momentary rebound in intraday trading, its sustainability was insufficient. Technically, the price is not far from the lower edge, which is commonly viewed as a phase for testing support. If there is a rapid rebound in the morning session, it could easily trigger emotional fluctuations. Right-side trading pays more attention to the continuity of signals, as a single upward movement is unlikely to change the weak tone. A unique observation is that last week, the overseas biomedical index experienced an overall pullback, and rising interest rate expectations led to valuation compression, which spilled over into the Hong Kong innovative drug sector. This external shock, combined with a local news vacuum, has caused funds within the sector to lean towards more stable cash flow varieties, amplifying the volatility of AKESO. On the market front, sub-sectors within pharmaceuticals that have stronger defensive attributes have shown relative resilience, while buying interest in innovative drug targets is more selective regarding price levels, showing a rhythm of "low-point testing and upward probing." From a technical assistance perspective, the densely traded area at the near end still constitutes short-term pressure, and breaking above and stabilizing is usually interpreted by the market as a signal for rhythm switching. If the trading volume warms up in the morning session and the 5/10-day moving averages form a turning point and complete a price reversal, the quality of the rebound is expected to improve; conversely, if volume and price do not align, it may continue to hover near the lower edge, prolonging the bottoming process. It is important to be cautious that if there is another drop in the morning session that breaks through the support zone, the weakness may continue, and existing funds may further reduce risk exposure, shifting the trading focus downward