Morning Trend | HARMONY AUTO experiences a sharp decline with increased volume, is the sluggish circulation of new energy vehicles causing capital outflow?
HARMONY AUTO (3836.HK) experienced a significant drop in trading volume on November 10, completely erasing previous sporadic rebounds with three consecutive bearish candles. The MACD bearish momentum has strengthened, short-term moving average pressure is significant, and main funds continue to flow out. Affected by the generally disappointing sales data from leading automakers in the industry this week, the new energy vehicle circulation sector has become a heavy area of selling pressure. There is a structural differentiation risk in consumer demand for new energy vehicles by the end of the year, and after the favorable policies are implemented, the market has turned to a wait-and-see approach, with a sharp decrease in short-term bullish participation. During the trading session, there may be attempts by speculative funds to flip the situation, but the support remains insufficient, with significant net outflow pressure. Market focus has shifted to industry policy follow-ups and subsequent order guidance, as well as the impact of changes in international raw materials and subsidy policies on the supply chain. Main funds are conservatively reducing risk exposure, with extreme volatility and unusual movements frequently occurring, triggering short-term arbitrage and high-frequency trading. If there is marginal improvement in the market, it needs to be driven by significant policy easing or new industry breakthroughs; otherwise, the weak market is likely to continue its downward trend. The operational suggestion is to focus on low-position main lines, signals of significant volume changes, and policy catalyst windows, while guarding against chasing highs and misjudging the industry bottom, which could lead to emotional stampedes. Left-side funds should also avoid chasing rebounds and instead hold positions while waiting for clear trend signals
Technical Forecast·
