Morning Trend | ZHOU LIU FU approaches the lower end of the range, is it a short-term trap or the final pullback?

ZHOU LIU FU (6168.HK) experienced a sluggish market atmosphere yesterday, with the jewelry sector showing no highlights overall. After the market opened, the pressure of capital outflow increased, causing the stock price to approach the lower end of the range. Technical indicators repeatedly leaned bearish, with the 5-day and 10-day moving averages continuing to decline, and buying interest on the market was sparse, with no signs of active support from major players. The jewelry retail sector was affected by news of a 'slowdown in consumer recovery,' leading to a cooling of expectations and a decrease in risk appetite compared to the previous period. The company currently has no significant positive announcements or promotional events, and brand collaborations and marketing efforts before the Spring Festival are unlikely to ignite enthusiasm. The market is generally focused on terminal sales and fluctuations in gold prices, with buyers primarily adopting a wait-and-see approach. Trading volume has sharply decreased, significantly suppressing the ability to rebound, with only sporadic funds attempting to gamble on oversold conditions, but the sustainability is poor. Technically, without substantial support, the support at the lower end of the platform may not be solid. Any news fluctuations or changes in consumer data could exacerbate volatility risks. It is recommended to closely monitor the trading rhythm and important data releases during the session, and for holders to control their emotions and be cautious of following the trend to sell off. In terms of operations, avoid heavily betting on rebounds and wait for clearer stabilization signals before making adjustments