$LENOVO GROUP(00992.HK) surged 7% on heavy volume today, closing at HKD 22.32, directly breaking through the upper resistance level of the 21.3-21.4 range from the past few days and hitting a new stage high. Turnover jumped to HKD 4.3 billion, significantly higher than the previous day. Fundamentally, AI servers have pulled ISG from years of losses to the edge of breakeven, and AI PC penetration is expected to exceed 50% this year. The AI theme is supporting capital inflows. Technically, holding above the 21.4 breakout neckline keeps the uptrend intact. Volume is key; a pullback below the neckline on light volume would signal a false breakout, requiring an exit.
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