
Standard Chartered Group (2888.HK): After opening high and reaching a new high, it has pulled back; caution is needed for profit-taking at high levels

Standard Chartered Group opened higher yesterday and broke through a new high during the session, driving an overall rise in the banking sector. Benefiting from improved interest margins and a stabilizing global financial regulatory environment, there is an increased preference for leading banking enterprises within the sector. As the market approached the close, the momentum of main funds chasing higher prices weakened, and profit-taking intensified, leading to a slowdown in the net inflow trend throughout the day. Several institutions pointed out that the current policy environment is actively safeguarding financial stability, and the impact of international market risk events has receded, providing certain support to the sector from the external environment. However, the high-level market has led to a surge in profit-taking willingness, and while the technical structure remains bullish, some core indicators have reached overbought territory. The frequent turnover of smart trading funds during this phase of price increase warrants caution regarding the continuity of volume and price. Key points to monitor going forward include the turnover rate of main funds, transaction sustainability, and the impact of external market fluctuations on the banking sector. If the volume is insufficient or market divergences widen, a consolidation phase cannot be ruled out. The divergence between volume and price during this phase is also a major risk point. It is recommended to pay attention to policy dynamics and fund directions, and to avoid high-level traps that entice buying
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

