Morning Trend | Midea at a critical point of fluctuation, is a volume breakdown coming?

Before the market close on January 14, the leading home appliance company MIDEA GROUP (300.HK) faced pressure throughout the day, with a weak market atmosphere. The trading volume increased, but the dominant forces were profit-taking and defensive capital rotation, with active buying clearly subdued. Currently, there have been no significant positive developments in the home appliance industry recently, leading to a decline in overall sector enthusiasm and a spread of wait-and-see sentiment. In the absence of catalysts, mainstream funds are hesitant to increase positions, and short-term speculative funds are more cautious. From a technical perspective, the MACD continues to show a bearish trend, with the 5-day and 10-day moving averages rapidly declining, suppressing the rebound pace. Indicators such as KDJ and RSI are weakening in unison, indicating low capital sentiment. The market is focused on the key support level of HKD 84.05, which was tested yesterday afternoon but did not break down on increased volume, maintaining a weak oscillation pattern for now. If there is another breakdown with increased volume during the session, it will trigger a short-term inertia decline and amplify risks. It is recommended to continuously monitor extreme sentiment changes in the market and the home appliance sector, as sudden policy shifts or capital inflow dynamics are worth being vigilant about. Overall, the judgment is that the short-term strategy should remain defensive, as breaking the support may lead to further downward space. Investors are advised to closely watch the market, avoid chasing highs, and dynamically adjust positions to guard against downside risks. If the industry shows signs of policy-driven momentum or major players replenishing positions, attention may be paid to the timing of potential rebound windows. Overall, there are currently no obvious signs of reversal