Morning Trend | PRADA fluctuates and consolidates, will the capital inflow window for the consumer sector open?

Prada (1913.HK) showed weak performance during yesterday's trading session, with funds remaining cautious throughout the day, and the stock price fluctuating in a small range near the 20-day moving average. Technically, the short-term bullish momentum has weakened, and several rebounds have not effectively increased trading volume. The market atmosphere is cautious, with the community primarily adopting a wait-and-see approach. News in the high-end consumer sector is lackluster, with exchange rate fluctuations and slow consumption recovery, and external funds lack sustained momentum. The company has not released any positive announcements or cooperation rumors in the past three days, and institutional research indicates that the high-end sector lacks short-term catalysts and has strong defensive characteristics. The overall adjustment of luxury goods in the Hong Kong stock market has put pressure on leading stocks in the sector. With news being tepid and fund rotation slow, the short-term outlook remains cautious. Key support is below the 20-day moving average, and if it is breached, attention should be paid to the intensification of bearish sentiment. When external volatility increases, sector divergences can easily be triggered. Prada's short-term breakthrough still requires accompanying volume and thematic drivers, awaiting the emergence of new thematic catalysts, with main funds continuing to adopt a defensive stance