Morning Trend | Tsingtao Brewery Co., Ltd. (168.HK) fluctuates upward, approaching new highs as short-term divergences intensify?

Tsingtao Brewery Co., Ltd. (168.HK) has recently seen its stock price oscillating around high levels, with the daily MACD showing a golden cross that continues to gain momentum, gradually strengthening the bullish structure. The K-line is operating above multiple short-term moving averages, with main funds steadily pushing up and buying activity being active. In terms of trading volume, there has been a moderate increase recently, with market-following funds continuously flowing in. However, as it approaches the previous historical high, the divergence of chips at high levels has intensified, leading to some short-term profit-taking. From a fundamental perspective, the company's performance is steadily climbing, with new product layouts and regional expansion strategies being implemented smoothly. In terms of market sentiment, consumption upgrades are driving the overall upward trend in the beer industry, and the enhancement of brand barriers is increasing institutional allocation willingness. However, fluctuations in external economic policies and industry cost pressures are also risk points that cannot be ignored. Technical analysis suggests that if trading volume continues to expand and the pressure zone is broken, the stock price is expected to open up new upward space. If there is divergence in main funds or a decrease in volume, it may consolidate after fluctuations before seeking a breakthrough opportunity. In terms of operations, it is recommended to closely monitor trading volume and intraday turnover, focusing on buying low and being cautious about chasing high in pressure zones. For the medium term, attention can be paid to valuation recovery opportunities brought by new product introductions, while in the short term, vigilance is needed against the risk of intensified fluctuations and divergence