HSBC HOLDINGS (0005.HK): Short-term funds are flowing back, but there is significant pressure at high levels

In the early trading session, HSBC Holdings (0005.HK) showed a significant inflow of funds, especially under the expectation of a relatively loose global central bank policy, leading to a general strengthening of the banking sector and reinforcing risk-averse sentiment. The main force actively pushed the stock price higher in the early session, with trading volume significantly increasing compared to last week, attracting short-term market attention. As noon approached, HSBC's stock price broke through previous highs but failed to stabilize effectively, leading to increased divergence between bulls and bears and intensified market fluctuations. From a technical perspective, multiple indicators such as MACD and RSI are showing overbought signals, with significant short-term upward momentum in funds, but the risk of profit-taking at high levels is also rising. Currently, the stock price is close to last year's resistance zone; although the bulls have an advantage, they urgently need sustained trading volume support. If the volume does not continue to increase, the main force may realize profits at any time, and there is a possibility of a short-term pullback to the support area. On the fundamental side, HSBC continues to benefit from cross-border capital inflows, supported by incremental funds from the northbound trading of the Stock Connect. The company's profitability is stable, with a high dividend payout ratio, possessing both value and risk-averse attributes. However, the stock price has already accumulated a certain increase, and some institutions tend to gradually reduce their holdings at high levels. Overall, it is recommended that investors closely monitor changes in large orders and the relationship between volume and price during trading. Under clear high-level fluctuations, it is advisable to flexibly control positions. If there is a sharp decline or signs of volume exhaustion, timely profit-taking should be executed to prevent risks. Continuous attention should be paid to the direction of financial policies in the UK and globally, as well as the impact of macroeconomic variables on sector sentiment