Morning Trend | MOMENTUM FIN weakly consolidates, is a key support defense battle about to begin?
Momentum Financial Holdings (1152.HK) continued its downward trend yesterday, with the financial sector overall performing poorly and major players almost entirely retreating. The company has not released any new industry or cooperation news, and there are no substantial signs of the sector rotation that the industry has been anticipating. Throughout the day, the stock repeatedly fell below short-term moving averages, showing a consistent downward trend. Market discussions focused on whether the previous low point can be defended, with both bulls and bears repeatedly testing this level. In terms of capital flow, trading was sparse throughout the day, with only sporadic small orders for low absorption, and the turnover rate was sluggish, further indicating a dominant wait-and-see atmosphere. The MACD continues to diverge downward, and technical analysts believe that the downward pressure has not yet eased. The financial sector's news flow was relatively bland during the day; if there are new negative macro policies or a sudden black swan event in the sector, the company's weak consolidation may be breached, and short-term risks should focus on signals of bottoming out. The short-term trend is expected to remain bearish, with a focus on observation
Momentum Financial Holdings (1152.HK) continued its downward trend yesterday, with the financial sector overall performing poorly, and major players almost entirely retreating. There were no new industry or cooperation announcements from the company, and the anticipated sector rotation has not shown any substantial signs of starting. The stock price repeatedly fell below short-term moving averages during the trading session, presenting a pattern of gradual decline. Market discussions focused on whether the previous low point can be defended, with both bulls and bears repeatedly testing this level. In terms of capital flow, trading was sparse throughout the day, with only sporadic small orders for low buying, and the turnover rate was sluggish, further indicating a prevailing wait-and-see atmosphere. The MACD continues to diverge downward, and technical analysts believe that the downward pressure has not yet eased. The financial sector's news flow was relatively bland during the day; if there are any new negative macro policies or unexpected black swan events in the sector, the company's weak consolidation may be breached, and short-term risks should focus on signals of bottoming out. The short-term trend is expected to remain bearish, with a focus on observation
