Morning Trend | JST GROUP pulls back to support, new moves in the TMT sector are coming?
After the market closed yesterday, JST GROUP remained clouded, with main funds continuing to flee, and the short-term atmosphere turned to wait-and-see. The entire TMT software sector has been fluctuating at high levels recently, lacking favorable catalysts within the industry, and the news front is relatively cold. The 5-day and 10-day short-term moving averages have been breached again, causing market sentiment to plummet. Notably, there were reports last weekend that a domestic e-commerce giant plans to further open its e-commerce ecosystem interfaces, leading the market to originally have recovery expectations for SaaS services and platform integration companies. However, JST GROUP did not receive any capital response this week, indicating that the market is cautious about the implementation of industry benefits. This lukewarm reaction reflects a defensive stance of funds, with no obvious rotation of TMT-related concepts. Technically, the MACD's downward trend continues to amplify the bearish advantage, with trading volume moderately increasing but showing no signs of bottom-fishing, and the structure remains weak. The market is closely watching whether the 20-day moving average can be maintained; if it fails, there may be a risk of accelerated bottom-seeking. Overall, JST GROUP still faces short-term pressure, and if there are no volume-driven signals for a new round of momentum, opportunities will only appear, and risk exposure should not be underestimated. In the short term, industry news-driven events are scarce, and the overall market maintains a wait-and-see attitude towards the TMT sector. Even if there is a slight rebound, the continuity may be relatively limited. Currently, more funds are cautiously waiting, and JST GROUP may continue its current weak pattern in the short term, with structural opportunities still requiring patience to wait for signs of market stabilization. Investors should closely monitor the overall market environment and sector trends, while also analyzing trading volume data to discern the behavior of main funds. Only if there is a subsequent increase in both volume and price or significant industry benefits are realized can there be hope for a sector rebound
After the market closed yesterday, JST GROUP remained clouded, with main funds continuing to flee, and the short-term atmosphere turned to wait-and-see. The entire TMT software sector has recently been fluctuating at high levels, lacking positive catalysts within the industry, and the news front is relatively cold. The 5-day and 10-day short-term moving averages have been breached again, causing market sentiment to plummet. Notably, there were reports last weekend that a domestic e-commerce giant plans to further open its e-commerce ecosystem interfaces, which initially raised market expectations for SaaS services and platform integration companies. However, JST GROUP did not receive any capital response this week, indicating that the market is cautious about the implementation of industry benefits. This lukewarm reaction reflects a defensive stance from funds, with no significant rotation in TMT-related concepts.
From a technical perspective, the MACD's downward trend continues to amplify the bearish advantage, with trading volume moderately increasing but showing no signs of bottom-fishing, and the structure remains weak. The market is closely watching whether the 20-day moving average can be maintained; if it fails, there may be a risk of accelerated bottom-seeking. Overall, JST GROUP still faces short-term pressure, and without volume support for a new round of driving signals, opportunities may arise, but the risk exposure should not be underestimated. In the short term, industry news-driven catalysts are scarce, and the overall market maintains a wait-and-see attitude towards the TMT sector. Even if there is a slight rebound, the sustainability may be relatively limited. Currently, more funds are cautiously waiting, and JST GROUP may continue its current weak pattern, with structural opportunities requiring patience for signs of market stabilization.
Investors should closely monitor the overall market environment and sector trends, while also analyzing trading volume data to discern the behavior of main funds. Only if there is a subsequent increase in both volume and price or significant industry benefits are realized can a rebound in the sector be expected. Currently, main funds are continuously flowing out of JST GROUP, and the MACD structure is bearish, with no signs of a turning point in the technical and capital fronts. It is advisable to maintain a wait-and-see approach in operations and avoid rash bottom-fishing
