Morning Trend | CHICMAX consolidates with reduced volume, is the main line about to switch under a wait-and-see atmosphere?

On December 29th, CHICMAX closed at a low level with reduced trading volume, and the stock price recently rose and then fell back, with the main players showing extreme caution during the trading session. The cosmetics sector has overall entered a consumption off-season, making it difficult for second-tier brands to attract capital attention. Under weak technical conditions, multiple moving averages on the daily chart are declining, and the MACD continues to signal caution, yet there has been no significant sell-off, with support around 38 yuan being closely monitored. There are no new positive developments in the industry, and the market theme remains focused on the "channel competition" and its limited contribution to performance. The continuous shrinkage of trading volume during the session has led to a lack of upward momentum. Some believe that the main players are more focused on sector rotation opportunities rather than sticking to individual stocks. If trading volume continues to decline this week, it may help reduce panic, but the rebound potential is limited. Intraday fluctuations and the rotation of key weight lines will be the core of short-term speculation in the future