Morning Trend | CHALIECO Approaches Resistance Level, Is Capital Crowded or a Short-term Inducement?
On October 22, Aluminia International reached a new phase high after slight fluctuations at the close. Within half an hour of the opening, there was a significant inflow of funds, and throughout the day, buying pressure concentrated on the non-ferrous metal sector, with the leading aluminum chain showing particularly strong performance. The momentum during the session was clearly released, especially in the last trading phase where volume slightly increased, leading to a surge in short-term fund sentiment, with the stock price at one point approaching the pressure zone of 2.71 yuan. On the news front, international aluminum prices have recently rebounded, and the price difference between domestic and international markets has narrowed, making the entire non-ferrous metal industry chain "sought after by funds." This dynamic has attracted a lot of cyclical hot money, and the "resource speculation" trend has once again heated up. There were no major announcements from Aluminia International itself this week, but backed by the sector's popularity, the short-term trading atmosphere quickly transmitted to the market. It is worth noting that the stock price has stabilized above multiple moving averages and is approaching the upper Bollinger Band, leading the market to start being cautious about potential pullback pressure. Technically, the momentum is relatively strong, but the RSI shows overbought conditions, and some profit-taking may occur at any time. The divergence among short-term main forces has increased, with right-side trading funds paying more attention to intraday volume changes and adopting a cautious attitude towards high-level fluctuations. From a technical perspective, Aluminia International has recently seen increased volume combined with support from multiple important moving averages, with short-term funds remaining high, but frequent overbought signals may bring intraday fluctuations or slight pullback pressure. If subsequent market funds continue to flow in and lead to a volume breakthrough, the stock price is expected to challenge historical phase highs; otherwise, it may mainly consolidate at high levels within 3-5 days. Anomalous funds are likely to engage in intense competition in the previous resistance zone of 2.65 to 2.71 yuan, and aggressive investors should pay attention to the main force's attitude during intraday selling and when retesting moving averages
On October 22, Aluminia International experienced slight fluctuations before reaching a new phase high at the close. Within the first half hour of trading, there was a significant inflow of funds, with buying concentrated in the non-ferrous metal sector throughout the day, particularly the leading stocks in the aluminum chain showing remarkable performance. The momentum during the trading session was clearly released, especially in the final trading phase where volume slightly increased, leading to a surge in short-term investor sentiment, with the stock price approaching the pressure zone of 2.71 yuan at one point.
On the news front, international aluminum prices have recently rebounded, and the price difference between domestic and international markets has narrowed, leading to a "funds chase" across the entire non-ferrous metal industry chain. This dynamic has attracted a lot of cyclical hot money, reigniting the "resource speculation" trend. There were no major announcements from Aluminia International itself this week, but the enthusiasm for the sector quickly transmitted to the market.
It is noteworthy that the stock price has stabilized above multiple moving averages and is approaching the upper Bollinger Band, prompting the market to be cautious about potential pullback pressure. Technically, the momentum is relatively strong, but the RSI indicates overbought conditions, and some profit-taking may occur at any time. The divergence among short-term main players is increasing, with right-side trading funds paying more attention to intraday volume changes and adopting a cautious attitude towards high-level fluctuations.
From a technical perspective, Aluminia International has recently seen increased volume combined with support from several important moving averages, with short-term funds remaining high. However, frequent overbought signals may lead to intraday fluctuations or slight pullback pressure. If subsequent market funds continue to flow in and drive a breakout with increased volume, the stock price is expected to challenge historical phase highs; otherwise, it may primarily consolidate at high levels within 3-5 days. Anomalous funds are likely to engage in concentrated battles in the previous resistance zone of 2.65 to 2.71 yuan, and aggressive investors should pay attention to intraday selling pressure and the main players' attitudes during pullbacks to moving averages.
Overall, Aluminia International has limited short-term space, but the thematic enthusiasm still has some warmth. If external metal prices further drive momentum, it may trigger a new round of upward movement. By combining the fund flows, market anomalies, and current events over the past five days, risk should be dynamically managed from top to bottom to avoid blindly chasing high prices
