Morning Trend | MIGAO GROUP continues to rise, with high position adjustment pressure sounding the alarm after sector heat surges

MIGAO GROUP (9879.HK) has recently continued to rise sharply, with the daily K-line MACD golden cross signal remaining strong and upward momentum abundant. The trading volume has been consistently increasing in recent days, with active main forces showing a clear willingness to chase prices, quickly driving up the stock price in the short term and boosting the overall heat of popular industry sectors. After accelerating to high levels, short-term adjustment pressure has quickly accumulated, and intraday volatility has significantly increased. Since the third quarter, MIGAO GROUP has gained favor from large funds due to industry theme catalysts and better-than-expected performance. Short-term market pessimism has temporarily receded, and a seesaw effect has emerged within popular sectors. As a mainstream hot stock, MIGAO GROUP has seen exaggerated increases and trading elasticity. However, after the cumulative increase reaches a new high for the phase, some short-term funds have a stronger willingness to lock in profits, and high-level divergences have intensified simultaneously. From a technical perspective, the MACD golden cross continues to diverge, with red bars expanding and the bullish main line solid. If the intraday trading volume retreats, short-term overbought signals may lead to active profit-taking, triggering short-term adjustments. If the upward trend shows no obvious signs of cooling and the main sectors continue to bring in volume, the structural market is expected to continue. Pay attention to the support areas of the 5-day and 10-day moving averages; if they break below, be wary of the risks of deep pullbacks and high-level fluctuations. In terms of operational strategy, it is not recommended to blindly chase high prices, and one should be cautious of the pullback risks after significant increases. Those who have already positioned in the short term may consider gradually taking profits in batches to reduce overall risk. Conservative investors should focus on grasping the rhythm of the sector and avoid chasing high prices that may lead to losses. Continuously monitor the flow of main funds and industry news catalysts to hedge against potential downward pressure