Morning Trend | CHINA RES BEER's attempt to rebound from the bottom fails, can the consumer sector withstand the pressure?

China Resources Beer (291.HK) has recently faced significant downward pressure, with the daily MACD continuously showing a death cross and weak short-term technical performance. Although there were attempts to rebound during certain periods, the momentum was insufficient, and the stock price has overall remained in a weak oscillation at a phase low, with low trading volume and continued capital outflow. The consumer sector is affected by macroeconomic uncertainties, leading to intensified internal rotation within the sector. As a leading company, China Resources Beer has not yet shown strong counterattack signals. On the industry level, consumer scenarios are gradually recovering post-pandemic, but the recovery speed is limited, coupled with a lack of new growth stimuli in the market, resulting in a dominant wait-and-see sentiment among investors. Technically, the previous low support is weak, and the MACD continues to amplify the green bars. If an effective stabilization pattern cannot be formed in the near term, the stock price may continue to seek a lower bottom. In the medium to long term, it is necessary to wait for catalysts such as better-than-expected performance or cost reductions. In terms of operational strategy, it is recommended to maintain a light position and observe, strictly control positions, and pay attention to capital movements in the support area and marginal changes in industry prosperity. Only with a rebound in trading volume and a K-line breaking through the phase pressure level can we judge that the trend may improve; otherwise, we must be on guard for the risk of new lows at any time