Morning Trend | HONBRIDGE weak consolidation, is the support test coming?

Honbridge Group (8137.HK) continued to be sluggish during yesterday's trading session, with funds clearly withdrawing and almost no significant buying support throughout the day, reflecting a sharp decline in market risk appetite. In the absence of standout news, the company's performance weakened in tandem with second and third-tier Hong Kong stocks, resulting in a lackluster atmosphere in the entire entrepreneurial sector. Recently, the market's focus on Honbridge Group has mainly been on whether it can maintain the previous support zone, with the long-short battle gradually intensifying. From the transaction structure, most funds have adopted a defensive strategy, and the rebound in the market lacks volume support, with bottom buying being extremely cautious. Technically, the MACD continues to weaken, and the short-term resistance level has not been effectively broken, maintaining a weak consolidation pattern. Overall, market sentiment remains cautious, with scarce hotspots causing marginal funds to prioritize mainstream sectors. It is essential to closely monitor the effectiveness of the lower support; once it is breached, short-term risks may be rapidly amplified. For short-term traders, unless there is a sudden positive development accompanied by increased volume, participation is not strong, and it is recommended to continue observing the situation regarding low-level support