Morning Trend | READBOY fluctuates at a low level, and the education technology sector awaits policy signal breakthroughs

READBOY (2385.HK) has continued its weak trend recently, hitting a new low again yesterday. The education technology sector is facing dual negative impacts from policy regulation and a recovery in real demand that is below expectations. During the trading session, capital turnover was sluggish, with a lack of buying momentum and extremely limited trading volume. Bulls have basically exited day trading, and overall market sentiment is dominated by a cautious atmosphere. The technical pattern shows that the daily K-line has continuously closed in the red, and the MACD death cross has further strengthened, with rebounds repeatedly failing to gain traction. External policies are temporarily calm, and the market lacks catalytic events in the short term, with more funds choosing to lurk in low positions for short-term gains, but no collective force has formed. Investors are closely watching for signals of policy easing and industry adjustment windows; any sector-specific positive news could become a structural trading hotspot, but overall recovery will take time to accumulate. On the operational level, a defensive mindset should be maintained, prioritizing light positions and management. Bottom-fishing signals need to be confirmed, and it is recommended to observe capital inflow and active measurement as core indicators. Short-term opportunities are scarce, and risk exposure still needs to be taken seriously, waiting for a new round of industry signals