Morning Trend | KUNLUN ENERGY (135.HK) continues to rise with increasing volume, is the market showing signs of overbought?
KUNLUN ENERGY (135.HK) has recently seen a continuous increase in volume, with a daily MACD golden cross signal already appearing, indicating a gradually forming short-term bullish pattern. Yesterday, the bullish main force actively pushed the price up during the trading session, with the stock price running above the 5-day and 10-day moving averages, and the trading volume has remained robust for several days, reflecting a high market participation sentiment. Overall, KUNLUN ENERGY is at the end of an upward channel, with increased enthusiasm for chasing the price, but as it approaches the recent high, some technical indicators have issued overbought warnings. Fundamentally, KUNLUN ENERGY benefits from fluctuations in international energy prices and growing natural gas demand, with performance expectations continuously being revised upward, and the overall sector is active. Recently disclosed financial report data and favorable policy catalysts have led to an influx of main funds, increasing short-term trading enthusiasm. However, after consecutive gains, overbought pressure is beginning to accumulate, and some short-term funds have shown signs of profit-taking. Volatility during the trading session may amplify at any time.
From a technical perspective, after the MACD golden cross was initiated, momentum is currently strengthening, with the 5-day moving average serving as the first support. If it can hold steady today and trading volume continues to increase, KUNLUN ENERGY is expected to challenge new highs. If the volume shrinks, attention should be paid to the intensifying divergence of funds, and the stock price may oscillate back to the 5-day and 10-day moving average area for consolidation. As it approaches important thresholds, phenomena such as large order fluctuations and rapid back-and-forth movements will frequently occur, and investors should pay attention to the changes in the five-level order book and active buy and sell orders.
In terms of operational strategy, it is recommended that short-term investors control their pace, avoid chasing high prices, and moderately reduce positions to lock in profits at high points. Swing holders should pay attention to the gains and losses of support levels, using trend lines as stop-loss criteria, and flexibly adjust their positions
Technical Forecast·
