Pre-market trend | CGN POWER (1816.HK) shows bullish signals on 4/29, can the nuclear power sector continue to gain momentum?

Today, CGN POWER's trading was relatively active, with a transaction volume of approximately HKD 250 million. A bullish signal has initially formed on the daily MACD level, indicating that the short-selling momentum accumulated during the previous adjustment process is gradually being released, and buying power is beginning to recover marginally. From the recent trend, CGN POWER's stock price has reached a balance between bullish and bearish forces after a period of consolidation, and the emergence of this bullish signal is typically interpreted by the market as a precursor to a phase of stabilization. The short-term trend may transition from weak consolidation to a mild rebound. On the news front, the surge in electricity demand from AI has become a core topic in the energy sector recently. According to market research institutions, the electricity demand from AI data centers is expected to triple within five years, putting severe pressure on the capacity of the U.S. power grid, with natural gas and nuclear power seen as the most reliable baseload power options. Against this backdrop, the long-term value logic of nuclear power operators is being re-evaluated. Meanwhile, the Hong Kong Legislative Council recently passed the "2026 Appropriation Bill" in its third reading, with the Hong Kong government planning to raise the borrowing limit for infrastructure bonds to HKD 90 billion, which is expected to benefit clean energy infrastructure. As one of the largest nuclear power operators in China, CGN POWER possesses sustained attention value under the dual logic of increasing electricity demand and energy transition. From a technical perspective, CGN POWER's current stock price is operating near the short-term moving average. Although the transaction volume of HKD 250 million is not considered significant, it has improved compared to the previous shrinking pattern. If it can continue to show mild volume and stabilize above the moving average support, the continuity of the bullish trend will be further strengthened