Morning Trend | CIFI HOLD GP's decline continues, is the risk of a stampede in real estate funding rising?

CIFI HOLD GP (884.HK) has recently faced extreme pressure, closing again near a new low in the range yesterday. The real estate sector is under short-term weakness due to tightened financing and pressure on liquidity. The funds in the market remain defensive, with scarce active buying, and overall trading volume has moderately decreased, further highlighting a strong wait-and-see attitude in the market. The daily K-line has repeatedly pierced key technical support levels, and the MACD remains in a continuous death cross state, with rebounds repeatedly hindered, showing no signs of repairing the weak structure. Additionally, the lack of substantial positive measures from the policy side has led to a rapid cooling of risk appetite in the sector, worsening the willingness of funds to flow into individual stocks. The new policy window has become the only focus of the market, with expectations for policy implementation dominating short-term fund flows. In terms of operations, it is advised to maintain a high level of vigilance to prevent the weakening of market signals from exacerbating the stampede effect. In extreme local situations, abnormal movements in individual stocks can easily amplify into sector linkage, and the reduction in trading volume further highlights the risk. Observing the easing of funds and the release of policies is the only key to grasping structural rebounds, with cautious left-side position increases, focusing on defense and dynamic stop-loss. Waiting for significant policy adjustments and signals of low-level construction is a better choice