Technical Forecast | China Construction Bank (939.HK) had a golden cross yesterday, and the bullish atmosphere is gradually warming up

Yesterday's close, China Construction Bank (939.HK) showed a golden cross signal on the daily MACD indicator, reflecting that short-term funds have begun to become active, and the bullish momentum on the technical front has initially emerged. Recently, the stock price has been oscillating upwards along the 10-day moving average, receiving continuous buying support during the trading session. A MACD golden cross typically indicates a marginal improvement in market trading sentiment, providing theoretical reference for right-side traders to focus on the continuation of the bullish trend.

In conjunction with the macro background, the banking sector has recently received positive statements from the policy level, and the market's perception of the defensive attributes and stable income advantages of bank stocks has been somewhat restored, with capital distribution becoming more rational. At the market level, the implementation of macro-control policies has temporarily stabilized the RMB exchange rate, creating a relatively friendly investment atmosphere for financial blue chips. These external environments and individual stock technical signals form a positive synergy, jointly driving a short-term rebound in stock prices.

From the perspective of key technical levels, it is essential to focus on the support role of the 10-day moving average in the short term, as well as whether the 5-day moving average can continue to provide "protection" for the bulls below the price. If the trading volume increases moderately during the session, the upward breakout space is expected to further open up; if the volume is weak or falls below the short-term moving average, caution should be taken against a pullback or even a return to oscillation.

In the current market environment, it is recommended that investors remain cautious, rationally view short-term fluctuations, and avoid blindly following trends. It is advisable to place a high emphasis on position management and risk control, making prudent decisions based on one's own risk tolerance. It should be noted that technical signals will dynamically adjust with market changes; if macro sentiment weakens or the intraday trend reverses, previously bullish signals may also become invalid. Investors should closely monitor market conditions and policy trends, flexibly responding to potential fluctuations and pullback risks