Pre-market trend | Cathay Pacific Airways (0293.HK) surged over 3% on May 21 with increased volume, is the main bullish wave for airlines coming?

Yesterday, Cathay Pacific Airways' stock price surged, recording a 3.34% increase, with a trading volume of HKD 186 million. The trading volume is at a relatively high level in recent transactions, and buying pressure has clearly rebounded. The daily MACD has formed a golden cross signal above the zero axis, indicating that the previous bullish consolidation period has ended, and the momentum for confirming the phase trend is gathering again. From the arrangement of moving averages, the short-term moving averages are clearly trending upwards, with funds pushing the stock price to test new resistance zones. The increase in trading volume indicates that market participants' activity has improved, with bullish forces shifting from a wait-and-see approach to proactive offense. On the news front, the global travel market continues to recover, and Airbnb recently announced a significant expansion of its business scope, launching one-stop services such as hotels and car rentals, reflecting a structural growth trend in global travel demand. As a leading hub airline in the Asia-Pacific region, Cathay Pacific directly benefits from the recovery of cross-border passenger flow. Meanwhile, although the overall market sentiment in Hong Kong stocks has been somewhat differentiated due to the volatility of technology stocks triggered by NVIDIA's earnings report, traditional consumption and travel sectors have instead attracted some capital rotation. The airline sector has shown a strong overall trend recently; although there is upward pressure on fuel costs, the expected passenger load factor approaching the summer peak season is providing support. From a technical perspective, Cathay Pacific has established a golden cross above the zero axis, indicating that the medium-term trend is still operating within a bullish pattern. Currently, attention should be paid to whether the short-term 5-day moving average can continue to rise and maintain a bullish arrangement with the 10-day moving average. In terms of trading volume, if the trading volume in subsequent trading days remains above HKD 100 million, the probability of upward expansion will increase