Morning Trend | CHINA TAIPING platform fluctuates, with strong wait-and-see sentiment among long and short main forces

China Taiping (966.HK) closed steady yesterday, with the stock price continuing to hover between the upper and lower bounds of the range, showing no effective breakout with increased volume. The insurance sector benefited from risk aversion sentiment, operating strongly overall, but the leading stocks exhibited a relatively low-key and stable performance, with main funds showing a strong wait-and-see attitude during the session. Trading volume remained at a moderate level, and short-term signals for chasing gains were not significant. There are currently no substantial stimulus or regulatory measures from the policy side, and the industry's fundamental structure remains relatively stable. The market is mostly waiting for clear signals, leading to a focus on range trading with limited motivation for active position building. From a technical analysis perspective, there is strong support below the 20-day moving average, but the lack of incremental funds to drive a breakout suggests that the oscillating pattern is likely to continue. In terms of operations, main funds are still focusing on range fluctuations, while right-side funds pay more attention to trading anomalies. If trading volume decreases or key support lines are breached, short-term pullback pressure may rise rapidly. Therefore, for China Taiping, closely monitoring the volume-price relationship and sector correlation will be the core points for future participation