Early Morning Trend | HONBRIDGE Group experiences a surge in volume and a sharp decline, is the oversold rebound window approaching?

HONBRIDGE (8137.HK) faced severe selling pressure again at yesterday's close, with a significant volume drop causing the stock price to approach the lower Bollinger Band, indicating an outflow of risk-averse funds. The current sector focus is on high-turnover small-cap stocks, while traditional shell resource concepts are relatively cold. Northbound funds through the Shanghai-Hong Kong Stock Connect have continuously flowed out of technology and low-priced stocks, leading to a general cooling of market sentiment. Although there was a stabilization at lower levels after a sharp drop in volume during the session, the short-term capital's desire for a rebound from oversold conditions has slightly increased. However, due to the fast rotation of sectors, the willingness to chase prices remains cautious. On the technical side, the MACD continues to show a death cross downward, while the RSI and KDJ indicators have reached oversold levels, suggesting a potential short-term rebound. There are no new developments from the company, and capital is inclined towards short-term operations, with a lack of long-term buying interest. HKD 0.46 serves as the main support level, and if another sharp drop occurs, there is a need to guard against a panic sell-off accelerating. Investors need to be flexible and responsive