Morning Trend | JXR's capital withdrawal, is defensive sentiment intensifying under weak fluctuations?

JXR (1951.HK) has recently experienced continuous capital outflow, and the MACD death cross structure indicates a bearish short-term trend. The stock price has been declining and is currently near the previous low support zone. Active buying is weak, and existing funds are mostly reducing positions to manage risks. The intraday price fluctuations have narrowed, and the main force's short-term participation has decreased, with defensive sentiment significantly rising. If there is an influx of incremental capital today, combined with a market sentiment recovery, there may be a tentative rebound; otherwise, the weak oscillation will continue. From a fundamental perspective, short-term growth expectations are average, and the unstable external market environment makes it difficult for capital to perform. Short-term operations should be defensive, focusing on technical rebound signals or market anomalies, and avoid blindly increasing positions against the trend. Considering both fundamentals and technical patterns, it is recommended to remain patient and wait for clearer opportunities