Morning Trend | TIMES ELECTRIC tests key support level, can the main force replenish to form?

Times Electric (3898.HK) closed on January 8 under short-selling pressure, with a weak rebound from bulls during the day, primarily oscillating at low levels. This week, the equipment manufacturing sector's main line is loose, with a slowdown in industry order growth and a decline in enthusiasm for new infrastructure, limiting the momentum for capital chasing. The company has not seen any positive catalysts, and the delay in bidding for external railway electrical equipment projects has further shrunk market confidence. Technically, the stock price quickly fell towards the support zone of HKD 37.2, with a MACD death cross, all short-term and medium-term moving averages in a bearish arrangement, and the lower Bollinger band repeatedly tested, with scattered buying distribution and weak proactive attacks. There has been no significant return of main funds in terms of volume. Looking ahead, if the equipment sector does not trigger new positive news or significant fund replenishment, the balanced pattern is difficult to break, and there is still a risk of further declines. From an operational perspective, it is recommended to maintain a light position and observe, being cautious of rapid sell-offs during the day, and waiting for signs of stabilization after the resonance of technology and policy