Morning Trend | BANK OF ZHENGZHOU continues to decline, key support in tug-of-war, is the rebound window still far away?

Zhengzhou Bank (6196.HK) has recently shown weak performance, with its stock price continuing to decline and repeatedly testing key support levels, showing no significant signs of strengthening in the early trading session. The MACD death cross pattern persists, and the momentum histogram is moving downward, indicating that bearish momentum is dominant. In terms of trading volume, the main funds are in a wait-and-see mood, with no obvious bottom-fishing signals, only scattered short-term funds speculating around the key support levels. The financial sector is under pressure, and the market's risk appetite is decreasing, further accelerating the short-term pressure on Zhengzhou Bank. The main support range is concentrated in the HKD 1.70-1.75 range; if it holds today, a technical rebound is expected in the short term; otherwise, there is a risk of further rapid decline if it breaks below. For short-term operations, it is advisable to pay attention to whether the intraday volume warms up and any unusual movements of main funds: if it breaks through HKD 1.80, a light position can be taken for a quick entry; if it falls below HKD 1.70, a quick stop-loss is necessary to manage risks. There are currently no substantial positive news, and the industry continues to face headwinds, resulting in a weak atmosphere for going long. Overall, the rebound window for Zhengzhou Bank has not yet opened; investors are advised to patiently wait for the stabilization of key support levels and volume cooperation, with a phased defensive approach being appropriate, and to avoid blind bottom-fishing