Morning Trend | COSCO SHIPPING Energy breaks out with increased volume, is a rebound window about to open?
COSCO SHIPPING Energy (1138.HK) rose throughout the day yesterday, with trading volume moderately increasing. During the session, major funds frequently showed unusual movements, significantly warming the short-term bullish sentiment. Since the international oil transportation demand has remained strong, ship rental prices have rapidly increased, boosting the overall shipping sector's activity. OPEC's continuation of the production cut agreement is a favorable factor for the industry, further intensifying the tension in the oil transportation market and creating potential for the company's performance elasticity. Data shows that yesterday, COSCO SHIPPING Energy's stock price continuously broke through the 10-day and 20-day moving averages, with the MACD technical indicator forming a clear golden cross in the past two days, and the volume-price relationship being positive, reinforcing the bullish structure. Under the interaction of news and fundamental capabilities, major funds continued to accumulate, with short-term profit-taking funds being very proactive, leading to a significant increase in liquidity during the session. It is particularly noteworthy that the stock price is currently close to the previous high area, facing certain pressure in the short term. If the market can maintain a high trading volume today and stabilize above the 10-day and 20-day moving averages, the rebound window is expected to open further, challenging previous highs. Conversely, if the market or the shipping sector suddenly faces negative impacts, signs of retreat from high positions may amplify, increasing the volatility. In terms of operational strategy, it is recommended that left-side funds focus on tracking changes in trading volume, paying close attention to the real-time transaction structure, while right-side funds should avoid blindly chasing highs. At the same time, the current round of the shipping sector's market has already reflected a large amount of policy and performance stimuli, and the trading rhythm needs to be flexibly adjusted with market fluctuations, guarding against the high-level retreat pressure brought by the cooling of sector activity
Technical Forecast·
