Pre-market trend | CONCH CEMENT (0914.HK) strong rebound continues with increased volume on May 6, has the main upward wave of the building materials leader started?

Recently, CONCH CEMENT has experienced a sharp rebound, with a price increase of over 31%. The MACD daily bullish signal has significantly strengthened, with the fast and slow lines showing a clear upward divergence, indicating that the medium-term buying power is still being released. The trading volume was approximately HKD 191 million, which has significantly increased compared to the previously sluggish volume levels, indicating a recovery in market participation. From the moving average system, the short-term moving averages have formed a bullish arrangement with a steep slope, and the trend confirmation characteristics are evident, leaning towards a positive overall pattern. On the news front, the infrastructure sector has recently seen a flurry of positive developments. Domestic policies to stabilize growth continue to be intensified, and the accelerated issuance of local special bonds is driving expectations for a recovery in cement demand. China Resources Land rose over 6% on the day, while Henderson Land increased nearly 5%, with the real estate and infrastructure chain performing actively, providing supportive linkage for the building materials sector. Meanwhile, as a leader in the building materials industry, CONCH CEMENT's cost control capabilities and market share advantages are more resilient in the early stages of industry recovery, and institutional expectations for its profit recovery are warming up. Recently, the Hong Kong Stock Connect funds have increased their allocation to building materials-related targets. From a technical perspective, after consecutive rebounds, the stock price has moved far away from the short-term moving average support, and the deviation rate between the 5-day moving average and the stock price is relatively large, indicating a technical demand for a pullback to the moving average in the short term. If a mild volume contraction pullback occurs today and stabilizes near the 5-day moving average, it would represent a healthy continuation pattern of the upward trend. Attention should be paid to the pressure levels of the previous dense trading area above, as the ability to break through will determine the continuity of the rebound. Sustained volume expansion is a necessary condition for maintaining the bullish pattern