Morning Trend | China Nonferrous Mining Main Force Frequently Rises, Is a Volatility Window Approaching?
China Nonferrous Mining (1258.HK) performed actively in the early trading session today, with major funds frequently lifting prices. Under the conditions of rising volume and price, the short-term volatility window may be accelerating. From a technical perspective, the daily MACD has clearly formed a golden cross, with volume continuing to expand. The 5-day moving average below has formed solid support, reinforcing the bullish arrangement structure. Driven by fundamentals, the recent heat in the non-ferrous metal sector has increased, with prices of copper, zinc, and lead rebounding, leading to a valuation recovery in the sector.
In the market, several rounds of price increases in the early session were accompanied by large orders from major funds, with a temporary increase in turnover rate, and active participation from retail and quantitative funds. The trading activity has increased, with rapid price fluctuations mainly driven by sector rotation and capital games. The funding side reflects a rise in market divergence, with some profit-taking funds exiting, while medium- to long-term funds are taking advantage of the adjustments to buy at lower prices, resulting in a significant increase in short-term volatility.
The industry logic is mainly influenced by upstream resource prices and the recovery of global demand. China Nonferrous Mining has gained major attention due to its stable production capacity and low-cost advantages, but the short-term market is greatly affected by macro fluctuations, requiring observation of industry news dynamics to gauge future directions. Additionally, recent fluctuations in the US dollar index and abnormal commodity prices have also impacted the inflow and outflow of funds in this sector.
In terms of operations, it is recommended to closely monitor intraday anomalies and changes in major holdings. After a short-term lift by major funds, it is not advisable to blindly chase high prices. If intraday volume and market activity remain active, it may be appropriate to follow, but if a sudden pullback occurs, stop-loss measures should be set
Technical Forecast·
