Morning Trend | MTR CORPORATION's high-level buying pauses temporarily, is it a consolidation window or a signal for a trend change?

On December 1st, MTR CORPORATION (66.HK) continued its rebound trend, approaching a recent high, with funds both rushing to buy and remaining cautious. The trading volume slightly shrank during the day, and the fluctuations in the upper and lower ranges intensified the market's psychological game. Recently, the infrastructure concept has continued to heat up, with positive news in the railway sector and an increase in dividend expectations, leading blue-chip funds to seize short-term opportunities. However, as the stock price approaches last year's densely trapped area, a large amount of profit-taking has emerged, and the lack of funds has made high-level consolidation more pronounced. From the market perspective, signs of divergence between volume and price have begun to accumulate, with main funds showing some willingness to test breakthroughs while also partially flowing out for hedging. The failure to break through the key resistance zone with increased volume may easily trigger new selling pressure when the defensive sector's linkage effect declines. A sharp drop during the intraday session or a failure of blue-chip linkage will increase the pressure for profit-taking. On the trading front, it is essential to focus on the behavior of main funds during high-level consolidation, as the interaction between volume and price and the intraday structure are important signals for identifying trend changes and continued breakthroughs. As risk signals emerge, the sustainability of hot spots will be key to whether the sector can expand its space. Short-term trading suggestions recommend moderate defense, and caution should be exercised regarding the risk of pullbacks when chasing high prices