Morning Trend | Agricultural Bank of China trades sideways with reduced volume, is the bottom rebound window approaching?

As of the market close on January 20, Agricultural Bank of China (1288.HK) showed a relatively sluggish atmosphere, with the large bank sector overall turning downward. Market risk-averse funds quickly flowed out, and enthusiasm for financial weight allocation sharply declined. This round of adjustment has covered nearly all mainstream bank stocks, with investors focusing on the support area around 3.10 yuan, and short-term funds showing increasingly obvious wait-and-see sentiment. During the trading session, Agricultural Bank of China tested the rebound several times but did not see significant buying action, indicating a clear lack of active funds. It is worth mentioning that regulators recently issued documents requiring banks to strictly control credit issuance and capital adequacy ratio supervision, putting certain pressure on the market. Many institutional investors are concerned that industry profitability will be further pressured. From a technical perspective, the daily MACD continues to weaken, and short-term moving averages (5-day, 10-day) are collectively pressing down, reflecting that bullish buying has not yet sustained. Overall trading volume remains low, with prominent signs of capital outflow. In terms of the macro environment, the banking sector is influenced by both policy and fundamentals, compounded by the recent rise in discussions about real estate and local government bonds, which suppresses risk appetite. Investors are continuously paying attention to signals of policy shifts. If the stock price can gradually stabilize around 3.10 yuan and successfully increase in volume, it is expected to become a new focus of attention. Conversely, if trading volume and sector performance continue to weaken, the possibility of further testing lower points cannot be ruled out. From an operational perspective, it is recommended to closely monitor the intraday capital flow and marginal changes in news, as the subsequent reactions of the main funds and technical repair signals are the prerequisites for a rebound window