Pre-market trend | CHINA TOWER (788.HK) steadily increased in volume on 5/13, does the defensive stock hide short-term opportunities?

Yesterday, China Tower's stock price rose moderately, with a total trading volume of HKD 144 million, which is larger than the recent average, indicating increased capital participation. The short-term moving average system is gradually flattening and showing signs of turning upward, with the 5-day moving average effectively supporting the stock price. The MACD daily level has established a bullish signal, suggesting that the previous phase of continuous volume contraction is coming to an end, and the buying power is beginning to recover, indicating an initial short-term bullish trend. The moderate increase in trading volume shows that market attention on the stock is warming up from a low level. On the news front, China Mobile (941.HK) rose slightly by 0.06%, while China Telecom (728.HK) fell slightly by 0.18%, with the telecom operator sector remaining stable overall. As a core asset of communication infrastructure, China Tower benefits from the ongoing construction of 5G base stations and the growing demand for data centers. Recently, driven by FOMO sentiment in technology, there has been a trend of capital spreading from pure tech stocks to technology infrastructure targets. In a high-interest environment, China Tower's stable cash flow and dividend yield have also attracted some defensive capital attention. From a technical perspective, the current stock price is in the upper half of the recent consolidation range, and the upward divergence of the short-term moving averages after gradually converging will be a key signal for trend confirmation. If the trading volume can maintain above HKD 120 million, the bullish pattern is expected to be solidified. Attention should be paid to the performance of China Tower in the A-share market and the rhythm of sector capital rotation. The short-term trend is biased towards bullish but with moderate momentum, suitable for monitoring the sustainability of trading volume