Morning Trend | HAO TIAN INTL experiences reduced volume and repeated fluctuations, can it break through the resistance zone?

HAO TIAN INTL (1341.HK) has been consolidating with decreasing volume for several days, and a death cross signal has appeared on the daily chart, with the sector showing lackluster performance. The current K-line combination indicates a clear wait-and-see attitude from the main funds, with short-term volatility decreasing and continued oscillation below the 5-day moving average. The 10-day and 20-day moving averages are forming multiple resistances, reflecting a state of weak rebound. The market lacks confidence in the overall fundamentals of the company. As a typical stock in the construction sector, it is expected to have limited performance release in the first half of 2024 due to high raw material prices, a tightening financing environment, and downward pressure in the real estate industry. From the market feedback, trading volume continues to operate at low levels, with occasional intraday fluctuations that have not led to substantial breakthroughs, and the willingness of both domestic and foreign main funds to participate is weak. Currently, the pressure zone is mainly concentrated near the recent three-month platform highs. If a volume breakout occurs in the future, it will bring a brief technical repair market. However, looking back at past trends, every time a death cross signal appears, the downward space is often gradually released. The bottom chips may be loosening, and once the previous lows are broken, new downward space will be opened. In terms of operations, investors need to pay attention to changes in fund flows near the pressure zone. If there is a timely increase in volume accompanied by favorable policies or performance catalysts, there is a probability of achieving a short-term breakthrough. If trading volume remains sluggish, short-term oscillation within the range may continue or even seek new lows. It is recommended to buy low and sell high, strictly set stop-loss levels, and avoid blindly expecting a reversal in the sector's market