Morning Trend | SINOHYTEC continues to surge, is the hydrogen energy sector's main player about to break out?
SINOHYTEC (2402.HK) has seen a resurgence in the hydrogen energy concept market following a recent MACD golden cross, with its stock price achieving consecutive highs. Currently, the hydrogen energy industry is significantly supported by policies and capital from the industrial chain. SINOHYTEC, due to its technological barriers and leading position, has become the focus of attention in this sector. On the daily chart, a bullish pattern has been initially established since the rebound from the previous low, with the 5-day and 10-day moving averages showing a bullish arrangement for three consecutive days. The MACD golden cross, accompanied by a continuously expanding histogram, reflects increased inflow from major players. Recently, national and local governments have been intensively releasing favorable policies for hydrogen energy, and the core components of the industrial chain are accelerating their implementation, providing strong support for SINOHYTEC. Institutional funds continue to flow in, significantly increasing market volatility, with both volume and price rising, boosting market confidence in buying. However, after a short-term consecutive rise, the pressure for profit-taking from floating positions is gradually becoming apparent, leading to increased market fluctuations and divergences. From a technical perspective, it is crucial to closely monitor the pressure zone of previous highs. If there is a significant breakout, it is expected to establish a new medium-term upward pattern; otherwise, if the volume does not effectively follow up, it may pull back to seek support at the 5-day and 10-day moving averages. Investors are advised to focus on controlling their positions and closely combine industry catalysts with the characteristics of intra-day sector rotation. Overall, under the support of the golden cross pattern, medium to short-term opportunities for SINOHYTEC continue to be released, but the divergence of funds and the competition for upward momentum are also intensifying. It is necessary to guard against the risk of pullbacks at high levels and adjust fund allocation dynamically according to the main trend
SINOHYTEC (2402.HK) has seen a resurgence in the hydrogen energy concept market following a recent MACD golden cross, with its stock price achieving consecutive highs. Currently, the hydrogen energy industry is significantly supported by policies and capital from the industrial chain, and SINOHYTEC has become the focus of attention in the sector due to its technological barriers and leading position. On the daily chart, a bullish pattern has been initially established since the rebound from the previous low, with the 5-day and 10-day moving averages showing a bullish arrangement for three consecutive days, while the MACD golden cross is accompanied by a continuously expanding histogram, reflecting increased inflow from major players.
Recently, both national and local governments have been intensively releasing favorable policies for hydrogen energy, and the core components of the industrial chain are accelerating their implementation, providing strong support for SINOHYTEC. Institutional funds continue to flow in, significantly increasing market volatility, with both volume and price rising, boosting market confidence in bullish positions. However, after a short-term consecutive rise, the pressure for profit-taking from floating positions is gradually becoming apparent, leading to increased market fluctuations and divergences.
From a technical perspective, it is crucial to closely monitor the pressure zone of previous highs; if there is a breakout with increased volume, it is expected to establish a new medium-term upward pattern. Otherwise, if the volume does not effectively follow up, it may pull back to seek support at the 5-day and 10-day moving averages. Investors are advised to focus on controlling their positions and closely combine industry catalysts with the characteristics of intra-day sector rotation.
Overall, under the support of the golden cross pattern, short- to medium-term opportunities for SINOHYTEC continue to be released, but the divergence of funds and the competition for upward momentum are also intensifying. It is necessary to guard against the risk of pullbacks at high levels and adjust fund allocation dynamically according to the main trend
