YIBIN BANK (2596.HK) Market Analysis

YIBIN BANK opened lower yesterday but rose throughout the day, showing slight fluctuations overall. In the final trading phase, buying activity was strong, with the stock price approaching the resistance level of 2.9 yuan. Recently, the banking sector has been boosted by dividends from state-owned banks, leading to a certain recovery in overall market confidence, with some long and short-term funds participating together. During the trading session, funds actively rotated, and regional bank themes were in high demand. YIBIN BANK's trading volume steadily increased, indicating signs of fund support. The market is highly focused on whether it can achieve a breakout with increased volume. Due to the dense technical chips, short-term technical signals are currently positive. However, there were multiple divergences during the trading session, and fluctuations caused by news have intensified the tug-of-war trend. Investors need to be cautious of repeated tests of resistance levels leading to a tug-of-war, with a focus on closing trading volume and the effectiveness of breakout. Technically, it is important to closely monitor the performance of the 5-day and 10-day moving averages. If the subsequent volume cannot be sustained, it may easily turn into short-term fluctuations. It is recommended to adopt a moderate high-selling and low-buying strategy to reduce the risk of chasing highs. Overall, maintain a cautiously optimistic stance and wait for confirmation of a key breakout