Pre-market trend | China Tourism Group Duty Free Corporation (1880.HK) stabilized and rebounded on May 7, is the spring of consumer blue chips coming?

Yesterday, China Tourism Group Duty Free Corporation's stock price rose by 2.15%, with a trading volume of approximately HKD 400 million. The trend is stable and steadily recovering, indicating that the upward momentum is gradually accumulating. The MACD daily bullish signal has initially emerged, and the short-term moving averages show signs of a bullish arrangement. The market's preference for consumer blue-chip stocks is gradually strengthening. The market news is relatively positive, as the recent release of important consumption data has boosted confidence in the pace of consumption recovery. With the adjustment of epidemic prevention policies, the return of tourists, and the warming of consumer demand, the outlook for the luxury and duty-free goods market is promising, which supports China Tourism Group's business expansion and profit prospects. Similar consumer stocks such as Haidilao and Chow Tai Fook have also seen varying degrees of increase recently. Technical assessments indicate that the stock price is stabilizing near the 5-day and 10-day moving averages, and the increase in trading volume shows that buying interest is gradually strengthening. If the stock can maintain support above HKD 23 per share in the future, the probability of further upward movement is high. In terms of capital flow, funds based on risk appetite continue to flow into the consumer sector in the short term. The short-term trend is biased towards bullishness, and under the favorable policy backdrop, consumer blue-chip stocks are expected to enter a structural warming cycle. Investors should pay attention to the ongoing trends in the global consumption cycle and domestic demand market to manage holding risks. This article provides only technical analysis and market information for reference and does not constitute any investment advice. The market carries uncertainties, and investors should make independent decisions based on their own circumstances