Morning Trend | HAICHANG HLDG funds continue to observe, is the intraday stop-loss signal coming?

As of the close on December 4th, HAICHANG HLDG (2255.HK) has continued to decline, with major funds choosing to remain on the sidelines, and short-term pressure is evident. The holiday effect has faded, coupled with a nationwide drop in temperatures, leading to a general cooling of traffic in the cultural and tourism sector, making it difficult for related companies to see significant catalysts. The willingness of on-site funds to chase prices is low; although there were occasional buying opportunities during yesterday's trading, selling pressure still suppressed the market at the close, reflecting a weakening of short-term bullish and bearish forces. Trading volume has moderately decreased, and technically, the 5-day and 10-day moving averages have become substantial resistance levels, with bulls needing to patiently wait for signs of stabilization in intraday trading. On the news front, the cultural and tourism industry has recently lacked large-scale consumer promotion policies. The market is concerned about the short-term impact of the flu season on tourism traffic, with some institutions estimating a significant month-on-month decline in offline theme park visitor numbers in December. If there are new winter promotions or local consumption subsidies in the future, it is expected to drive funds back into the sector, but currently, the dominant market style is suppressing the rebound process, with intraday moving averages continuing to exert pressure on fund flows. From a technical perspective, the MACD death cross continues, and the 5-day and 10-day moving averages have turned into a downward channel, indicating that the bullish main line has not effectively emerged, with a bearish pattern dominating. The market is currently in an emotion-driven phase, with insufficient volume and a more cautious attitude from major players. Coupled with the lack of significant catalysts in the news, the market is expected to maintain a low-level oscillation, with funds needing to wait for policy changes or sudden positive developments. It is worth noting that if there are any unusual fund movements in the sector or a rebound in tourism industry traffic data in the short term, signs of stabilization may first manifest in intraday trading