Morning Trend | SUCCESS DRAGON (1182.HK) Approaches Previous High, Can the Hype of New Energy Continue?
On November 19th, SUCCESS DRAGON (1182.HK) surged amid the recovery of the new energy vehicle sector, showing a strong momentum during the trading session. The buying activity was active throughout the day, with trading volume significantly increasing, and the stock price once approached HKD 0.69, the previous high, reflecting a strong short-term sentiment. The social media discourse also focused on the expectations of new energy policies and the reflection of A-share themes. The company has no new announcements recently, and the positive news has not materialized, with the main line of the market relying on short-term speculative funds. From an intraday perspective, after a peak, the stock faced significant pressure, and some profit-taking investors chose to exit in the short term. In the late trading phase, selling pressure significantly increased, and the reluctance to sell was triggered among investors. The sector shows a strong directional trend, with new energy vehicle themes continuing to form a short-term speculative force in the Hong Kong stock market. The heated speculative funds have increased attention, but as the trading volume weakens in the later stages, the sustainability of growth is in doubt. From the K-line technical pattern, the stock price is approaching the historical high range. If the subsequent trading volume cannot continue to follow up, severe divergences are difficult to alleviate. The market atmosphere is heavily focused on speculation. If it is difficult to effectively break through the previous high during the trading session, the risk of a pullback significantly increases. The main funds and speculative funds frequently switch, compressing the short-term operation cycle. The current market situation has high volatility concerns, and right-side traders generally pay attention to the interaction of volume and price as well as changes in sentiment. Strategy suggestion: Continue to pay attention to the overall heat and policy news of the new energy sector, as the trend of funds and the rhythm of intraday lifting are crucial. When chasing the rise, be cautious with position control and set appropriate profit-taking and stop-loss ranges. If the market struggles to break through, consider timely profit-taking at high levels to guard against the amplification of pullback impacts on positions
On November 19th, SUCCESS DRAGON (1182.HK) surged amid the recovery of the new energy vehicle sector, showing a strong momentum during the trading session. The buying activity was active throughout the day, with trading volume significantly increasing, and the stock price once approached HKD 0.69, reflecting a high short-term sentiment. The social media discourse also focused on the expectations surrounding new energy policies and the reflection of A-share themes.
The company has no new announcements recently, and the positive news has not materialized. The main line of the market relies on short-term speculative trading. From a time-sharing perspective, after a peak during the session, there was significant pressure, and some profit-takers chose to exit in the short term. In the final trading phase, selling pressure rose significantly, and the reluctance to sell among funds was triggered.
The sector shows strong directional trends, with new energy vehicle themes continuing to form a short-term speculative force in the Hong Kong stock market. The heated speculative funds have increased attention, but as the trading volume weakens in the later stages, sustained growth is in doubt. From the K-line technical pattern, the stock price is approaching historical high ranges; if the subsequent trading volume cannot continue to follow, severe divergences are difficult to alleviate.
The market atmosphere is heavily focused on speculation. If it is difficult to effectively break through the previous highs during the session, the risk of a pullback significantly increases. The main forces and speculative funds frequently switch, compressing the short-term operation cycle. The current market conditions pose concerns about high volatility, and right-side traders generally pay attention to the interaction between volume and price as well as changes in sentiment.
Strategy suggestion: Continue to monitor the overall heat of the new energy sector and policy news, as the trend of funds and the rhythm of time-sharing lifting are crucial. When chasing gains, be cautious with position control and set appropriate profit-taking and stop-loss ranges. If the market struggles to break through, consider timely profit-taking at high levels to guard against amplified pullback impacts on positions
