Morning Trend | PICC P&C is consolidating with reduced volume, is a big move coming?

PICC P&C (2328.HK) closed on January 20 with smooth fluctuations throughout the day, and the insurance sector overall remained defensive, with capital flow to the main board being inactive. The company's daily K-line is close to the short-term support of 8.35 yuan, with major players holding cash and waiting, and active buying in the market is scarce. Market sentiment has not shown signs of warming up, and the main hotspots have been diverted by leading brokerages and banks. At the beginning of the year, several insurance companies announced adjustments to health insurance rates, and industry insiders generally believe this will put pressure on short-term premium growth and industry profitability. Current market indicators show that the MACD death cross continues, and the arrangement of moving averages remains bearish, with buying volume resting at the bottom of the range. Although some institutions believe that the undervaluation of the sector brings marginal attention opportunities, short-term risks should not be underestimated. If negative news reappears, the stock price could accelerate its decline towards the 8.35 yuan support, and there may even be technical breakdown space. Investors should continue to observe in the short term, paying attention to intraday capital movements and marginal catalysts from relevant policies. Only if industry expectations reverse, capital flows back, and trading volume expands, could a right-side trading window emerge, while caution is advised against the downside risks brought by a continued weak market