MINIMAX-W surged back above 800, short-term sentiment strengthened, but the downtrend structure has not been fully reversed.

The closing price on the previous day (13th) was 818.000, a sharp increase of 18.46% in a single day. It rebounded significantly from the recent low and returned above 800. The rise on that day was quite substantial, reflecting that funds are flowing back into high-volatility AI-related stocks, with market sentiment shifting from cautious to bullish. However, although the daily gain was strong, judging from the overall daily chart structure, the stock price has not completely escaped the downward trend formed after the drop from its previous high of 1330.00. At this stage, it’s more accurate to say that the rapid bounce improved short-term sentiment but hasn't officially confirmed a medium-term reversal.

Technically, MINIMAX-W's closing price on the previous day was 818.000, breaking back above the 10-day line at 761.750 and the 20-day line at 803.600, which is an important signal of short-term strength. The stock price being able to stabilize above the 20-day line indicates that there is now support after previously trading sideways at lower levels, also reducing short-term bearish pressure. However, the 30-day line remains at 864.033, with the upper Bollinger Band at 946.947, meaning that even though the price has returned above 800, it still faces higher resistance. If it fails to break above 864, this could merely be a rebound within a weak trend.

Regarding the Bollinger Bands, the middle band is at 803.600, the upper band at 946.947, and the lower band at 660.253. The price at 818.000 has just risen above the middle band, which is the most important improvement signal. If the price can hold above 803.600 going forward, it means the middle band will become new support, offering the stock a chance to challenge 864.033 or even higher levels. Conversely, if after breaking through, the price quickly falls back below 803.600, yesterday’s sharp rise may turn out to be a false breakout, and the stock could retreat to around 760 or lower for consolidation.

The Relative Strength Index (RSI) is approximately 57.932, which is at a neutral-to-strong level and has not yet entered overbought territory. This creates an interesting contrast with yesterday's large gain: while the price surged sharply, the RSI did not reach extreme levels, indicating that if trading volume and market sentiment continue, there is still room for a short-term rebound. However, due to the stock's inherently high volatility, one cannot ignore the risk of chasing highs simply because the RSI isn’t overheated.

In terms of trading volume, the previous day saw a noticeable increase compared to earlier sessions, supporting the sharp rise in price, suggesting funds have indeed flowed back in. However, for these highly volatile stocks, increased trading volume sometimes signals a breakout, but other times it represents profit-taking at higher levels. If today (14th) the price can remain stable above 800 and gradually move towards 864, the previous day’s trading volume can be considered a positive sign of fund inflows. But if tomorrow sees a high opening followed by a drop or a fall below 803.600, one should be wary of short-term traders exiting after a quick profit.

In terms of investor sentiment, bullish comments have notably increased, focusing on chasing gains, returning to 800, targeting 1000, aiming for 800 tomorrow, and expecting a price surge after shakeout. These comments reflect the market beginning to place MINIMAX-W back on the list of high-elasticity AI speculative stocks. Especially driven by Zhipu's sharp rise, some investors naturally compare similar stocks, believing that MINIMAX-W has room for catch-up gains.

However, the logic behind catching up needs to be handled with caution. MINIMAX-W surged 18.46% on the previous day, with the price rising back to 818, so it’s no longer in a low position waiting to start moving. If entering based on catch-up logic, a clear stop-loss must be set; otherwise, once sentiment shifts, any pullback could be very swift. A reasonable view at this stage is that MINIMAX-W has indeed strengthened, but to truly open up more upside potential, it first needs to stabilize above 803.600 and then break through 864.033.

Bearish comments mainly focus on “exit soon,” “shorting opportunity,” and “weaker than Zhipu.” This reflects that some investors still believe yesterday’s rally was just short-term momentum rather than a genuine reversal. From a technical perspective, such concerns are not entirely unreasonable since the stock price remains below the 30-day line at 864.033 and hasn’t fully reversed the prior downtrend. Compared to Zhipu, although MINIMAX-W surged sharply yesterday, technically it is still in a recovery phase rather than making a fresh breakthrough.

The观望 remarks better reflect the current market sentiment. Some see 777.5 as resistance, some regret stopping loss on the 12th, others have sold prematurely, and some feel that 780 already meets their target. This indicates that MINIMAX-W participants are still mostly short-term traders, with many not holding positions based on stable trends but instead operating around intraday fluctuations, catch-up rallies, and psychological levels. When the market is dominated by short-term trading, stock prices can rise and fall sharply, making position holding more challenging than with regular stocks.

In terms of short-term attractiveness, the current price is neutral to slightly high, but so is the risk. If you already hold positions at lower levels, the breakout above 803.600 yesterday was a positive signal, and we can observe whether it will challenge 864.033 further. If you don’t hold positions yet, buying now requires caution as the stock price has just surged nearly 20%, and the biggest short-term fear is profit-taking at today’s highs. A clearer strategy would be to wait for the price to retest 803.600 while holding steady, then observe the support; or wait for a breakout above 864.033 and stabilization to confirm an upgraded rebound.

Overall, MINIMAX-W's trend strengthened noticeably yesterday, with capital flowing back in and the 800 level being reclaimed. However, true confirmation of a trend reversal still depends on the two key levels: 864.033 and 946.947. The short-term watershed is at 803.600 – if it holds, the rebound may continue; if it fails, yesterday’s gains need to be reassessed. At this stage, respect the strength, but don’t equate a single day’s sharp rise directly with a complete reversal of the mid-term trend.

Reply to some investors' views:

@最愛韮菜湯: 11%, let’s chase it.

MINIMAX-W rebounded strongly yesterday following AI sector sentiment, but the price has now risen back above 800. Be mindful whether 803.600 can hold. If it doesn’t, the risk from chasing higher increases.

@不追高呀: Back to 800?

Yesterday it returned above 800, which is a short-term bullish signal. The next step is to see if it can stabilize above 803.600 and further challenge 864.033.

@Lets rich: I want 1000.

1000 is a more aggressive target. In the short term, it needs to first break through 864.033 and 946.947. Before these two resistances are broken, looking directly at 1000 is premature.

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Reminder: This article does not constitute any investment advice.

This article is for reference only and does not constitute any investment advice. Market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; asset performance should be comprehensively evaluated using other sources of information, and trading decisions should not be made solely based on this article. Please note that past performance is not indicative of future results.

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