SMARTONE TELE (315.HK) is in a sideways consolidation, with industry funds on the sidelines
On January 23rd, SMARTONE TELE maintained a range-bound trend during the trading session, closing near previous highs, with no significant unilateral fluctuations. The communication sector saw a faster rotation of hot topics this week, with active thematic funds in the market. The latest data shows that Hong Kong's 5G penetration rate has increased, coupled with progress made by enterprises in the smart city sector, which prompted some major players to attempt to push prices up during the session. In terms of funds, although buying pressure has increased, it has not formed a sustained concentrated follow-up, and trading volume remains neutral to low. Intraday funds have repeatedly flowed back but quickly encountered selling pressure, with overall market sentiment leaning towards a wait-and-see approach. Technical indicators are horizontally distributed, and short-term momentum relies on major players further increasing their volume. Future focus will be on the landing of new orders in smart cities and their stimulating effect on fund movements. If related news can continuously drive major players to enter the market, the short-term market breakout will be more solid. Currently, the market is still mainly in a range consolidation phase, with unusual movements of major funds and new industry catalysts being key variables for risks and opportunities. The overall recommendation is to remain cautious and pay attention to subsequent catalytic news and major fund movements
Technical Forecast·
