Morning Trend | TONGCHENGTRAVEL turns positive during trading, is the recovery of the cultural tourism sector resonating with capital games?

On December 1st, TONGCHENGTRAVEL (780.HK) experienced fluctuations during the trading session but managed to close in the green, confirming the market's ongoing speculation about the recovery of the cultural and tourism industry. Recently, various regions have implemented consumption-boosting measures and active cultural tourism policies, coupled with a rebound in travel data during the dual festivals, which has heightened interest in the sector, leading to frequent bottom reversal speculation by short-term funds. The company's business is deeply tied to popular tourist attractions, with a new round of holiday bookings and continuous news of IP collaborations, stimulating funds to attempt bottom fishing and engage in fast-paced speculation during this bottom phase. However, the overall sector's capital flow still lacks sustainability, with profit-taking occurring repeatedly after price surges, resulting in a fluctuating stock price as the main theme. Although trading volume was moderately released during the session, the structure has not completely reversed the weakness. From a technical perspective, while the MACD has shown some recovery, the moving average system remains under pressure; intraday trading mainly relies on short-term volume dominance, with major players focusing on quick reactions and short-term trades. Whether the industry can see sustained active capital driving, popular IP collaborations, and high-frequency ticketing data materializing will be a barometer for subsequent recovery and strengthening. In terms of risks, if the volume fails to increase or the policy enthusiasm cools down, the market is likely to continue in a weak rebound pattern. For right-side operations, it is advisable to pay attention to marginal changes in the volume-price structure and the impact of unexpected industry expectation events on the short-term atmosphere