Morning Trend | CHALIECO shows a strong wait-and-see atmosphere, is the risk of cyclical stocks pulling back increasing?

CHALIECO (2068.HK) has recently seen a strong atmosphere of capital wait-and-see. Although the stock price has briefly surged, it faces significant divergence. The daily MACD golden cross has formed, providing support for the bullish structure. The company is a leader in the cyclical sector, with performance strongly linked to commodity prices, benefiting from multiple positives such as global infrastructure expansion and rising metal prices. The market's capital activity is relatively high, but current trading volume has not significantly increased, and main funds remain primarily in a wait-and-see mode. The cyclical sector as a whole faces pressure for pullbacks after surges; if commodity prices fluctuate or macroeconomic data weakens, cyclical stocks may easily trigger profit-taking. The key is whether the stock price can maintain stability above the 5-day and 10-day moving averages and the previous dense trading area. If there is a significant increase in volume during intraday trading, it may change the wait-and-see pattern. The strategy suggests closely tracking changes in trading volume and external macro signals, paying attention to the strength of support within the pullback area, and being cautious of the risk of pullbacks after surges. Overall, CHALIECO has strong fundamental support, but short-term cyclical fluctuations are large, so it is recommended to focus on high selling and low buying, flexibly responding to sector switches