Morning Trend | HAIDILAO shrinks volume and rises close to previous highs, can the Spring Festival market effect continue?

On January 15th, HAIDILAO (6862.HK) attracted attention from major funds in the early trading session, with the stock price briefly rising to near previous highs. The restaurant sector has seen increased activity, with leading companies being the first choice for fund investments. The market generally expects the peak dining season during the Spring Festival to bring performance elasticity to the industry, and the consumption recovery in 2025 has become a key focus for institutional research. Recently, management has anticipated extended store operating hours during the Spring Festival, coupled with easing raw material prices leading to cost improvements, which is beneficial for boosting investor confidence. However, trading volume has continued to shrink during the day, and the cautious sentiment among funds has risen, with significant pressure to unlock positions at high levels. Technically, the Bollinger Bands are narrowing, the K-line shows high-level fluctuations, and the MACD maintains a slightly bullish structure, but major funds have not yet acted decisively. The pressure from existing shares continues to be released above the 15 yuan mark, with multiple instances of short-term selling pressure throughout the day. Overall, ahead of the festival, funds are focused on the actual customer flow during the Spring Festival peak season; if there is no significant increase in trading volume, the momentum for chasing high prices will be limited. If the overall market or industry sector's activity declines, the short-term market elasticity may decrease, and the pressure for profit-taking may increase. The operational suggestion is to pay attention to high-level profit-taking and changes in market volume, and to be wary of rapid adjustment risks