Morning Trend | ART GROUP HOLD tests the year's low again, can the key support hold?

ART GROUP HOLD (565.HK) tested the year's low again during intraday trading on January 15, with the stock price slowly declining. The main funds remained largely inactive, and the market atmosphere was characterized by strong fluctuations. The real estate sector continued to be under pressure, with tightening financing and ongoing negative news, leading to a heightened overall bearish sentiment and increased market risk aversion. ART GROUP HOLD has seen a continuous shrinkage in trading volume over several days, with most trading activity occurring during the downward period, indicating that active selling is the main driving force. On the regulatory front, there have been no new easing policies implemented in the real estate industry this week, with funds continuing to flow out and no fundamental reversal in sight. The market generally believes that short-term investments are more focused on liquidity and systemic risks in the industry, resulting in a dominant wait-and-see sentiment. There have been no significant breakthroughs in the company's fundamentals, and there are no new updates on projects and collaborations, leading to a small divergence between bulls and bears in the market, with investment behavior becoming cautious. From the market observation, the support zone at HKD 1.32 has become the core of the bull-bear game. If the volume subsequently breaks below this level, the potential for a pullback will be passively enlarged. Technical indicators such as MACD continue to show a bearish bias, and the death cross pattern has not been digested, with the trend of fund outflow not stopping. Sector news and changes in trading volume are expected to dominate short-term fluctuations in the market. It is recommended to closely monitor the dynamics of the capital chain during this phase, continuing to prioritize risk control and flexibility