Pre-market trend | HORIZONROBOT-W (9660.HK) weak consolidation on May 6 with shrinking volume, when will the short pressure be released?

Yesterday's closing price for HORIZONROBOT-W fell slightly by 0.57% to HKD 7.01, fluctuating within a narrow range of HKD 6.87 to HKD 7.15 throughout the day, indicating that both bulls and bears have entered a stalemate after a significant decline earlier. The MACD daily chart still shows bearish signals, with short-term moving averages continuing to exert pressure, and the phase of selling pressure has not yet been fully released. The trading volume was approximately HKD 822 million, which, while still among the top in the market, has contracted compared to previous periods of heavy selling, indicating a reduction in panic selling, but buying interest also lacks a clear willingness to enter. Overall, the stock price remains in a consolidation phase of a downward trend, with a short-term bearish pattern unchanged. On the news front, Jim Fan, head of NVIDIA's robotics division, recently stated that robots are replicating the successful path of large language models, predicting that by 2040, robots will pass the physical Turing test, and the medium to long-term prospects for the robotics sector are optimistic. However, as a smart driving chip manufacturer, HORIZON faces core pressure in digesting its market valuation—previously, a significant correction (with a drop of over 56% in the range) after a large cumulative increase has made institutional funds cautious about short-term involvement. The Hong Kong stock market's AI and robotics sector shows significant differentiation, with companies like UBTECH and SenseTime experiencing mixed gains and losses on the same day, indicating a lack of consistent bullish momentum in the sector. From a technical perspective, a short-term concentrated trading area has formed around HKD 7.05 (yesterday's close); if today's stock price can hold above the intraday low support of HKD 6.87 and show moderate volume, there is a possibility of a technical rebound and repair