Morning Trend | SHOUCHENG's volume-price divergence accelerates release, is a high-level plunge window coming?

SHOUCHENG Holdings (697.HK) experienced a significant drop from its high on the 16th, with a sudden increase in trading volume during the day but a continuous decline in stock price, indicating prominent signs of large orders fleeing. There was a noticeable outflow of large funds right at the opening, and the selling pressure continued, with no strong support seen throughout the day. The green infrastructure and environmental protection sectors are feeling the chill at high levels, as the previous policy dividends have already been absorbed. On the industry level, infrastructure investment is progressing slowly, with limited marginal policy increments. Main funds quickly realized profits from previous gains, concentrating profit-taking in the high zone. There are no significant contracts or capital cooperation within the sector to boost morale, and the phenomenon of capital recovery at year-end is common. Technically, the MACD and multiple moving averages are forming downward pressure, with the high support level of HKD 5.15 being tested but unable to stop the decline. The switch between bulls and bears is rapid, and in the short term, the sector will test the willingness of main funds to support and the interconnection of the sector. Overall, high-level drops can easily spread, and caution is needed regarding the inertia of selling pressure that may trigger industry-wide fluctuations. Investors should pay close attention to policy dynamics and changes in the funding situation; only substantial support or sudden positive news can effectively curb downward pressure