Morning Trend | BUD APAC at a critical point of consolidation, who will break the deadlock?

Budweiser APAC (1876.HK) has recently seen its stock price consolidate in the previous low range, hovering at a critical point, with the market anticipating a breakthrough of the deadlock. From a technical perspective, the daily MACD death cross pattern remains, with short-term bullish and bearish divergences intensifying, and the major moving averages entangled in the short term, lacking a clear momentum direction. On the news front, the fundamentals of the beer industry are stable yet concerning, with slow consumption recovery affecting short-term capital participation enthusiasm, and the willingness of major players to engage in speculation weakening. The stock price has repeatedly oscillated around the current price level without significant large orders from major players actively attacking, indicating that the bottom still needs further solidification. If subsequent trading can be accompanied by increased volume and achieve a breakthrough of the consolidation range with a medium bullish candlestick, the market activity is expected to rise. However, if the deadlock remains unbroken, prolonged low-level sideways trading will dampen investor patience and may attract short-term bears to press down again. In terms of operational advice, the main strategy is to remain on the sidelines, closely monitor whether intraday volume continues to increase and whether a technical breakthrough can be achieved. Only with a breakthrough of the consolidation area, accompanied by an influx of volume, can a short-term rebound be confirmed; otherwise, patience is still required for sufficient turnover of chips and clear signals