Morning Trend | XTEP INT'L consolidates at a low level, will the rebound window for the sports sector arrive?

XTEP INT'L (1368.HK) closed at a low adjustment on January 8, repeatedly testing the resistance line during the day, relying on sporadic buying to support the price. The sports consumption sector has recently lacked catalysts, with earnings downgrades and continuous capital outflows. There are no significant news from the company, and the channel annual meeting is viewed by the market as a routine action without positive momentum. The stock price has gradually declined from its high, with the technical MACD continuing to move lower and the moving averages pressing down, with buying mainly being passive defense. HKD 10.21 serves as a technical support level for this phase. Future momentum in the sector will depend on inventory reduction and new order drives. If there is no obvious capital replenishment or industry turning point, the opportunity for a rebound is temporarily suppressed. To mitigate volatility risk, it is essential to closely monitor the authenticity of liquidity during intraday main force rallies