Morning Trend | BEST PACIFIC consolidates at a low level, as liquidity in small-cap stocks plummets, will the main players grit their teeth?

BEST PACIFIC (2111.HK) experienced low-level fluctuations during intraday trading on November 10, with trading volume hitting a new low for the period, as mainstream funds chose to remain on the sidelines. The MACD maintained downward pressure with green bars, and the 5/10/20-day moving averages were all trending downwards, indicating a clear lack of sustained capital inflow in the sector in the short term. The small-cap sector faced systematic capital withdrawal, and the hype around hot topics cooled down, with BEST PACIFIC's multiple intraday rebounds proving unsuccessful, resulting in extremely weak liquidity for the day. Mainstream capital was clearly concentrated in core tracks, while non-core stocks became the first to be neglected. The trading style of technical players and those engaging in speculative buying changed frequently, primarily focusing on repeated signals and intraday main force games. Currently, long and short funds are mainly focused on the left-side divergence area and right-side event-driven expectations, with large intraday orders and sudden market changes becoming the only trading focus. If there is passive rotation, capital inflow, or new catalysts from the policy side in the future, a low-level repair window may open. Operations need to strictly control risks, avoid blindly testing positions against the trend, and closely monitor signals of main force anomalies, waiting for market sentiment to stabilize to avoid being trapped by liquidity issues. It is recommended to focus on event-driven strategies and follow the main line of the market, maintaining high vigilance in a volatile environment