Morning Trend | SUNNY OPTICAL Approaches Key Support, Is a Rebound Window Coming?
As of the market close on January 21, Sunny Optical (2382.HK) continued to face pressure during the trading session, with its stock price fluctuating near the lower Bollinger Band, reflecting overall market sentiment that was subdued. Funds maintained a cautious wait-and-see attitude, with relatively thin buying interest, and bullish forces in the market had yet to show significant accumulation. The current stock price is just a step away from the key support level of 63.15 yuan, becoming a short-term focus for all parties.
Fundamentally, the consumer electronics sector has experienced significant volatility recently, with weakening external export order data, and Sunny Optical, as a leading player in the segment, is at the forefront of this impact. There have been no major new orders or collaborations announced this week, and the company's news flow has been relatively weak, resulting in a lack of supportive bullish sentiment in the market. Additionally, the Hong Kong stock market's technology sector is lacking incremental funds, with ETFs continuing to see net outflows, further enhancing the bearish pressure through negative feedback effects.
From a technical perspective, the MACD daily chart shows a clear death cross, with green bars continuing to extend. The 5-day and 10-day moving averages exert significant pressure, and while there have been occasional signs of short-term rebounds, the sector's trading volume has not effectively increased. If the 63.15 yuan support is breached, it may trigger programmed stop-losses and concentrated short-term selling pressure, thereby exacerbating the downside risk. Conversely, if this level is effectively defended, and there is occasional participation from rebound-seeking funds along with an increase in trading volume, there may be opportunities for a slight stabilization and rebound around this key level.
From a broader perspective, current right-side trading users need to closely observe changes in trading volume during the session and whether there are any policy or performance catalysts for the consumer electronics sector. Without substantial positive news, it will still be challenging to resume upward momentum
Technical Forecast·
