Morning Trend | DiDi experiences short-term fluctuations, is a rebound window for platform stocks about to open?
DiDi (DIDIY.US) showed active movement in pre-market trading last night, opening with a slight gap up, and its short-term performance was significantly stronger than the average of platform-weighted stocks. Discussions in the trading community about the recovery of platform stocks have heated up again, with some funds betting that the previous excessive declines have reached their limit, and whether the rebound window is about to open? Looking closely at the market, DiDi has been oscillating in a range recently, with each tentative pullback accompanied by bottom-fishing support. After a high opening last night, it continued to rise with reduced volume, indicating a strong willingness of the main force to control the shares, but the overall trading volume has not fully exploded yet. If there is a surge in volume today, leading to a resonance in the sector, a short-term rally may be expected. Currently, the market is generally conservative towards the Chinese concept platform sector, but DiDi has consistently held the $4.1-$4.2 level, suggesting that a phase bottom may have been tentatively established. Traders are advised to pay attention to the tug-of-war at the $4.3 level; if it can stabilize above this level with increased volume, the short-term target may point to $4.5-$4.6; however, if it fails to break through or is strongly sold off, one should be wary of increased pressure to cash out. The position suggestion is to accumulate in batches, focusing on quick in-and-out trades, as heavily chasing the rise carries significant risks, while waiting for clearer directional signals from the platform. Overall, DiDi's intraday movement indicates that capital speculation is heating up, and the rebound window for platform stocks is beginning to show signs, but the direction remains uncertain, and trading needs to be flexible
DiDi (DIDIY.US) showed active movement in pre-market trading last night, opening with a slight gap up, and its short-term performance was significantly stronger than the average of platform-weighted stocks. Discussions in the trading community about the recovery of platform stocks have heated up again, with some funds betting that the previous excessive declines have reached their limit, and whether a rebound window is about to open?
Looking closely at the order book, DiDi has recently experienced repeated fluctuations within a range, with each tentative pullback accompanied by bottom-fishing support. After a high opening last night, it continued to rise with decreasing volume, indicating a strong willingness of the main force to control the shares, but the overall trading volume has not fully exploded yet. If there is a surge in volume today, leading to a resonance in the sector, a short-term rally may follow.
Currently, the market is generally conservative towards the Chinese concept platform sector, but DiDi has consistently held the $4.1-$4.2 level, suggesting that a phase bottom may have been tentatively established. Traders suggest paying attention to the tug-of-war at the $4.3 level; if it can stabilize above this level with increased volume, the short-term target may point to $4.5-$4.6; however, if it fails to break through or is strongly sold off, one should be wary of increased pressure to cash out.
The position suggestion is to accumulate in batches, focusing on quick in-and-out trades, as heavily chasing the rise carries significant risks, and it is advisable to wait for clearer directional signals from the platform.
Overall, DiDi's intraday movement indicates that capital speculation is heating up, and the rebound window for platform stocks is beginning to show signs, but the direction remains uncertain, and trading needs to be flexible in response
