Morning Trend | CRRC is in a tug-of-war consolidation, will the support range see increased volume?
On December 17th, CRRC (1766.HK) opened lower throughout the day and fluctuated around HKD 4.72, with both bulls and bears cautiously confronting each other. Market funds mainly adopted a wait-and-see approach, with insufficient willingness to adjust positions, and there was no significant flow of main funds during the session. The Bollinger Bands narrowed, and the moving average system exerted downward pressure, with insufficient technical warming signals. In terms of the industry, the rail transit industry policy has become more moderate, and next year's investment budget remains undecided, with the absence of order dynamics from industry leaders, leading to suppressed market sentiment. Although there were rumors of state-owned enterprise acquisitions this week, the actual impact is limited, and the willingness of funds to participate in the short term is low, with insufficient momentum for sector rotation. The core focus is on whether there are unusual changes in intraday trading volume and whether policy stimulus keeps pace. Before seeing sustained warming in trading volume, short-term rebound momentum is insufficient. Investors need to closely track the movements of core enterprises in the sector and the stabilization signals of main fund anomalies, and it is advisable to maintain a wait-and-see stance without significant external catalysts. Patience is required to wait for the repair of sector confidence and the right-side entry opportunity after large orders return
Technical Forecast·
