Morning Trend | Miniso continues to show consecutive bearish candles, will short-term opportunities emerge under pressure in traditional retail?

Miniso (9896.HK) has recently seen its stock price continuously close with bearish candlesticks, showing weak performance in the short term. The MACD daily chart has a clear death cross pattern, with green bars gradually increasing, indicating that bearish sentiment dominates trading. The K-line is moving downward and continues to be suppressed by the 5-day moving average, with bulls failing to mount an effective counterattack, resulting in an overall cautious market atmosphere. The fundamentals of the sector have entered a period of pressure, as traditional retail is affected by consumer scenarios and industry competition, leading to limited recovery slope. Although the company maintains stable performance and global expansion, concerns in the capital market regarding future growth rates have not dissipated, and short-term funds are mainly treated with a speculative mindset. On the technical side, if an effective volume rebound cannot be formed subsequently, the stock price may oscillate at low levels or even experience further declines, necessitating attention to the capital support at phase low points and unusual movements by major players. Strategy suggestion: focus on short-term operations, and strictly set stop-losses when participating on dips. Only increase positions appropriately when there is a clear reversal in volume and bottom structure, to avoid facing trend losses from indiscriminate left-side position increases