Morning Trend | SJM HOLDINGS shows strong capital risk aversion, is the key support game escalating?

SJM HOLDINGS (880.HK) has recently come under pressure again, with the gaming sector adjusting in tandem and bullish funds remaining sluggish. The lack of positive news in the sector, combined with slow recovery progress, has led main funds to focus more on range arbitrage rather than trend trading. Observing the market, the 20-day moving average and the 30-day moving average are important resistance levels, with bulls and bears repeatedly clashing here, showing no signs of a breakthrough. In a weak market environment, there are occasional instances of funds engaging in oversold speculation, but overall trading volume remains insufficient, with short-term arbitrage being the main focus. The support at HKD 2.60 has been repeatedly tested, with each dip attracting funds to step in and support, but the upward momentum has been very limited. The market is alert to sudden changes in trading volume and external risk news that could drive market fluctuations. Overall, the current strategy focuses on risk control, waiting for clearer signs of recovery in the gaming industry or collective catalytic signals to emerge. It is recommended to adopt a defensive right-side operation, remain vigilant against significant sell-offs, and pay attention to unusual market movements and new trends in news