Morning Trend | HAICHANG HLDG approaches new lows, is there a chance for a rebound under oversold pressure?

On December 5th, HAICHANG HLDG (2255.HK) closed near the lower Bollinger Band, with market risk aversion continuing to rise. Intraday capital outflows intensified, and short-term selling pressure was particularly evident, resulting in an overall weak market atmosphere. The MACD daily trend has significantly deteriorated, with weak signals reflected in both KDJ and RSI, which have fallen into the oversold zone, and the willingness of funds to chase gains has dropped to a freezing point. The cultural tourism sector has shown overall sluggish performance, with recent macro reports frequently highlighting a cooling in offline consumption scenarios. The recovery expectations for the Spring Festival traffic are only reflected in leading companies, while second-tier cultural tourism stocks have generally not benefited, causing HAICHANG to continuously test key support levels. On the news front, there have been no new stimuli from the policy side recently, and joint industry data generally show disappointing box office results for cultural tourism scenarios, leading to a noticeable shake in investor confidence. External funds see a lack of catalysts and are more inclined to withdraw or remain on the sidelines. Since the beginning of this week, trading volume for HAICHANG HLDG has mostly been driven by panic selling. Technically, the short-term 5-day and 10-day moving averages have repeatedly suppressed rebounds, with bearish factors continuing to accumulate. Overall, if there are marginal positive developments or large orders entering the market, some right-side funds may attempt to establish bottom positions; otherwise, the intraday rebound window is unlikely to open. During the trading session, attention should be paid to extreme fluctuations and changes in trading activity, as the weak bottoming pattern may intensify at any time, necessitating close monitoring of capital movements under sector linkage. It is recommended that investors maintain risk prevention in the short term and wait for clear stabilization signals or marginal improvements in the industry before considering participation