Morning Trend | SMOORE falls to a low volatility zone, can new funds activate a rebound?
SMOORE INTL (6969.HK) hit a new phase low on January 14, with trading sentiment remaining persistently low. The company is constrained by expectations of tightened regulation and an overall bearish atmosphere in the global market, lacking new buying momentum recently. There are currently no marginally positive policies in the industry, and major funds within the sector continue to test lower support levels, leading to a heavy wait-and-see sentiment among new funds, resulting in narrow and persistently low daily fluctuations. In terms of technical trends, the MACD remains in negative territory, and the bullish arrangement of the moving average system has not yet formed, with daily K-line momentum weak and significant short-term downward pressure. There are occasional low-level rebounds during the trading session, but the volume is difficult to sustain each time. The market is highly focused on the support level of HKD 11.18, with buying from speculative players each time it is reached, but the elasticity is limited and frequently fluctuates. If no positive factors emerge in the news, the stock is expected to likely maintain a low-level oscillation stalemate. If there is a substantial warming of industry policies, a short-term rebound window may arise, but caution is needed regarding the strength and sustainability of the rebound. Overall, the operational suggestion emphasizes risk prevention, with conservative investors advised to wait and pay attention to the pace of gradual accumulation; aggressive investors should closely track changes in sector fund flows and significant marginal policy news to seize sudden reversal opportunities
Technical Forecast·
