Morning Trend | H&H International Holdings fluctuates upward, with funds observing and a potential high-low switch to come

H&H International Holdings (1112.HK) has recently shown a trend of fluctuating upward, with funds attempting to switch between high and low positions. It closed slightly higher yesterday, having briefly reached a recent high during the trading session, but was constrained by reduced trading volume, with significant divergence among high-position funds. The company's business structure is diversified, with an increase in market share for infant nutrition and adult health products, driving steady growth in fundamentals. Overseas expansion and acquisition benefits are gradually materializing, and prior research by multiple institutions has enhanced market confidence. However, short-term funds have limited willingness to chase high positions, and technical indicators are gradually entering the overbought zone. From a daily candlestick technical perspective, the 5-day and 10-day moving averages are smoothly rising, and the MACD red bars are shortening, indicating a weakening marginal advantage for bulls. If there is no rapid increase in trading volume subsequently, it may easily enter a consolidation phase. A valid breakout could potentially challenge previous highs; otherwise, the pressure for a high-position pullback will significantly increase. In terms of investment advice, it is currently advisable to short-sell at high points and buy at low points, paying attention to the flow direction of sector rotation funds. Short-term funds should set stop-loss orders and increase positions only after a volume breakout to prevent being blocked by high-position chasing. Future attention should also be paid to changes in industry fundamentals, fluctuations in the RMB exchange rate, dynamics of international market expansion, and whether dividend expectations and policy benefits can continue to catalyze fund inflows