Technical Forecast | RA SILK ROAD (274.HK) had a death cross yesterday, continuing the short-term pressure pattern

At yesterday's close, RA SILK ROAD (274.HK) showed a clear death cross signal on the daily MACD indicator, which is typically regarded as a common technical phenomenon indicating a weakening of short-term momentum. Meanwhile, the stock price has been trading below the 5-day and 10-day moving averages for two consecutive trading days, reflecting a cautious market sentiment to some extent. From the candlestick structure, the recent rebound has been relatively limited, failing to effectively return above the short-term moving average system, indicating a clear short-term pressure on the market.

From the market environment perspective, the overall risk appetite for Hong Kong stocks remains low recently, with growth stocks continuously suppressed under high interest rates and liquidity tightening pressures, posing external constraints on targets like RA SILK ROAD. There are no significant positive drivers within the industry, and market funds tend to be defensive or wait-and-see, with cautious capital flow and a lack of motivational sentiment. The macroeconomic suppression and weakening technical indicators resonate, further solidifying the weak market trend.

On the technical side, the short-term 5-day and 10-day moving averages constitute the main pressure zone above. If it cannot return to the 5-day moving average (around the latest high) during the day, there may still be a demand for a downward probe in the short term. Attention can be paid to the previous platform support level below, but if the trading volume continues to expand while the stock price rebounds weakly, an acceleration of the downward trend cannot be ruled out. If it can stand back above the MA10 or if the MACD shows a golden cross, it will be regarded as an initial signal of strengthening.

In the current market environment, investors should remain cautious and rationally view market fluctuations, avoiding blind follow-the-trend operations. It is essential to pay close attention to position management and risk control, making prudent decisions based on one's own risk tolerance. It is advisable to be alert to unexpected large sell-offs or external negative resonance that could lead to unexpected adjustments. Additionally, once favorable policies or stabilization in external markets occur, the technical structure may quickly reverse, so continuous monitoring of changes in trading volume and policy signals is necessary to avoid emotional trading