Morning Trend | JF SMARTINVEST faces pressure with reduced volume, is the oversold rebound window coming?

On December 3rd, JF SMARTINVEST (9636.HK) was stuck in a volume contraction adjustment throughout the day, with a strong atmosphere of capital wait-and-see. Technically, the short-term moving averages are turning down, losing the bullish rhythm, and the MACD indicator is also weakening, indicating an overall bearish sentiment in the short term. The buying enthusiasm dropped sharply from high levels, with several attempts to rebound during the day but always lacking strength, as proactive capital continued to choose to stay on the sidelines, and the right-side trading style became cautious. This week, the fintech sector has generally cooled down, with related stocks experiencing widespread pullbacks, and investors' styles shifting to defense. Meanwhile, macroeconomic data is showing a neutral to weak trend, with short-term risk aversion sentiment rising. Last week, JF SMARTINVEST did not have substantial positive drivers, and industry news was silent, with clear signs of loosening among the main chips. Combining the industry direction and capital withdrawal, the sector overall lacks a sense of security, even dragging some leading stocks into pressure. From the market perspective, JF SMARTINVEST's short-term important support is approaching the previous low point area. Traders are closely monitoring changes in volume and intraday capital linkage, with the market generally waiting for clearer stabilization signals. It is necessary to be cautious if subsequent trading continues to shrink and breaks support, as there may be a risk of inertia decline under emotional resonance. At this time, position management remains the focus of discussion among intraday traders, with many funds hoping for a rebound opportunity after a short-term bottom. Technical funds are inclined to observe cautiously in the short term, and defensive operations have become the main line of this phase. In the future, attention should be paid to whether capital can flow back into the sector, as well as whether there are substantial turning signals on the macro and company levels. Once a rebound window appears, it is essential to closely monitor intraday anomalies and whether trading can effectively cooperate