Morning Trend | SOUNDWILL HOLD is consolidating at a high level, and the risk of divergence between volume and price is worth noting

SOUNDWILL HOLD (878.HK) showed a strong performance yesterday, with high-level fluctuations during the session, and trading volume began to decline, indicating a significant reduction in buying interest. The real estate sector is experiencing differentiation as the year-end approaches, and the company lacks major news drivers, causing its stock price to follow the rotation of industry hotspots. The session was mainly characterized by sustained high-level operations, but the participation of some major funds was not high. Although the daily chart maintains a bullish pattern and short-term moving averages have not been breached, the divergence between volume and price is quite pronounced, with some funds reducing positions at the recent highs, which creates pressure for further upward movement. Cautious sentiment dominates the industry, with risk appetite in the real estate sector declining. If the trading volume in both markets fails to expand simultaneously, the pressure at high levels may lead to a rapid adjustment during the session. Investors are advised to pay close attention to intraday volatility signals and industry policy news, gradually reducing positions on rallies, and waiting for volume recovery or substantial positive signals before re-entering. Be wary of a secondary decline caused by the outflow of major funds after high-level consolidation