Morning Trend | TRANSTHERA-B faces pressure and rebounds again, will there be opportunities after short-term divergence?

TRANSTHERA-B (2617.HK) has recently encountered some pressure at high levels after a continuous rebound. Observing from the daily chart, the stock price has approached previous highs multiple times but has failed to break through effectively, followed by a pullback. However, the recent MACD indicator has formed a golden cross, and the trading volume has not significantly shrunk, indicating a strong willingness of the main funds to support. The short-term decline is more of an adjustment due to the digestion of previous gains and the loosening of high-level chips. In the early trading session, the stock price received support after pulling back to the 5-day moving average and rebounded slightly, showing that some funds are taking action at critical positions. Currently, there is a significant divergence between bulls and bears, but signs of bottom funds protecting the price are quite evident. If the subsequent pullback on reduced volume does not break below the 10-day moving average and is accompanied by an increase in trading volume, the market is expected to challenge the high-pressure zone again. Conversely, if there is a weak rebound on reduced volume and the divergence between volume and price intensifies, caution should be exercised regarding the risk of a pullback due to short-term overbought pressure. Overall, although TRANSTHERA-B is currently in a bullish trend, whether it can break through still requires attention to changes in trading volume and the movements of main funds after the divergence. It is recommended to pay attention to intraday fluctuations and the gains and losses of key support levels, and to manage positions and stop-losses effectively