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Morning Trend | BANK OF ZHENGZHOU continues to decline, key support in tug-of-war, is the rebound window still far away?

Zhengzhou Bank (6196.HK) has recently shown weak performance, with the stock price continuing to decline and repeatedly testing key support levels. There has been no significant sign of strength in the early trading session. The MACD death cross pattern persists, and the momentum histogram is moving downward, indicating that bearish momentum is dominant. In terms of trading volume, the main funds are in a wait-and-see mood, with no clear bottom-fishing signals, only scattered short-term funds speculating around the key support area. The financial sector is under pressure, and the market's risk appetite is decreasing, further accelerating the short-term pressure on Zhengzhou Bank. The main support area is concentrated in the HKD 1.70-1.75 range; if it holds today, a technical rebound is expected in the short term; otherwise, there is a risk of a further rapid decline if it breaks down. For short-term operations, it is advisable to pay attention to whether the intraday volume warms up and any unusual movements of main funds: if it breaks through HKD 1.80, a light position can be taken for a quick entry; if it falls below HKD 1.70, swift stop-loss measures should be taken to manage risks. There are currently no substantial positive news, and the industry continues to face headwinds, leading to a weak atmosphere for going long. Overall, the rebound window for Zhengzhou Bank has not yet opened; investors are advised to patiently wait for the stabilization of key support levels and volume cooperation, adopting a defensive stance in the interim, and avoiding blind bottom-fishing

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