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Kicking off the year with a bang! Multiple sectors in Hong Kong's stock market are quietly gaining m
港股窩輪Jenny
joined discussion · Jan 5 10:51

[Warrant Perspective] Mixed Bullish and Bearish Signals for Tech Index! Two Low-Premium Warrants Emerge as Balanced Choices

January 2, 2026 $Hang Seng TECH Index (800700.HK)$
The day closed at 5,736.44 points, surging 4.00% in a single day, with a trading volume of 43.962 billion yuan, showing a clear inflow of funds.
Technically, the Technology Index is currently above the MA10 at 5518.41 points and the MA30 at 5556.26 points, but remains pressured by the MA60 at 5779.50 points. Support levels are seen at 5549 points and 5413 points, with resistance at 5943 points and 6060 points.
In terms of indicators, the RSI is at 50, which is neutral. Multiple oscillation indicators also show neutral signals. The Williams %R indicator is in overbought territory but remains neutral, while the CCI indicator issues a buy signal. The MACD indicates a buy, the ADX is neutral, and the Bollinger Bands suggest a sell signal. Overall, the technical picture shows a mixed trend between bulls and bears, with a 55% probability of an upward move.
January 2, 2026 $Hang Seng TECH Index (800700.HK)$ The day closed at 5,736.44 points, surging 4.00% in a single day, with a trading volume of 43.962 billion yuan, showing a clear inflow of funds. Technically, the Tech Index is currently above the MA10 at 5,518.41 points and the MA30 at 5,556.26 points but remains under pressure from the MA60 at 5,779.50 points. Support levels are seen at 5,549 points and 5,413 points, with resistance at 5,943 points and 6,060 points. In terms of indicators, the RSI is at 50, which is neutral. Multiple oscillation indicators also show neutral signals. The Williams %R is in overbought territory but remains neutral. The CCI indicator signals a buy, while the MACD indicates a buy signal. The ADX is neutral, and Bollinger Bands suggest a sell signal. Overall, the technical picture shows a mixed bullish-bearish pattern, with a 55% probability of an upward move. On January 2nd, the Tech Index performed well, driven by sector rotation within the tech industry. Several leading stocks in the sector rose simultaneously, including $BIDU-SW (09888.HK)$ a sharp increase of 9.35%, $NTES-S (09999.HK)$ rising 6.62%, $TENCENT (00700.HK)$ and $BABA-W (09988.HK)$ with gains of 4.01% and 4.34% respectively. Looking closely at individual stock performances, Alibaba’s technical indicators signal a “buy,” although the RSI at 38 remains neutral. The stock price temporarily...
The positive performance of the Technology Index on January 2 was mainly driven by sector rotation within the tech industry, with several leading stocks rising simultaneously. $BIDU-SW (09888.HK)$ One stock surged 9.35%, $NTES-S (09999.HK)$ another rose 6.62%, $TENCENT (00700.HK)$ and $BABA-W (09988.HK)$ with respective increases of 4.01% and 4.34%. Looking closer at individual performances, Alibaba's technical indicators signal a 'buy,' although the RSI at 38 remains neutral, and the share price is temporarily constrained by resistance at 153.8 yuan. $MEITUAN-W (03690.HK)$ The moving averages are in bullish alignment, with short-term support at 100.7 yuan, and technical signals also indicate a buy. However, $JD-SW (09618.HK)$ strong sell signals have appeared for Baidu and NetEase. Notably, Baidu’s RSI is as high as 69, nearing overbought conditions, reflecting that some profit-taking has started. Investors should be cautious of potential pullbacks in the short term.
Overall, the tech sector performed well on the first trading day of 2026, with multiple stocks showing buy signals from technical indicators. However, signs of overbought conditions have emerged in some leading stocks, so investors should be mindful of timing.
Reviewing the recent performance of popular Technology Index-related warrants and bull contracts, several products selected on December 30, 2025, recorded significant gains within two days, fully demonstrating the high elasticity characteristic of derivatives. $SG#HSTECRC2604B.C (59189.HK)$ The two-day increase reached 42%, $BPHSTEC@EC2603A.C (20383.HK)$ with a rise of 38%, $SGHSTEC@EC2603B.C (22188.HK)$ a rise of 36%, $UB#HSTECRC2604A.C (54795.HK)$ and a rise of 29%. In contrast, the tech index only rose by 2.83% during the same period. This demonstrates how small fluctuations in the underlying stock can be amplified through the leverage effect of derivatives, reflecting the high sensitivity of these products to the movement of the underlying stock.
January 2, 2026 $Hang Seng TECH Index (800700.HK)$ The day closed at 5,736.44 points, surging 4.00% in a single day, with a trading volume of 43.962 billion yuan, showing a clear inflow of funds. Technically, the Tech Index is currently above the MA10 at 5,518.41 points and the MA30 at 5,556.26 points but remains under pressure from the MA60 at 5,779.50 points. Support levels are seen at 5,549 points and 5,413 points, with resistance at 5,943 points and 6,060 points. In terms of indicators, the RSI is at 50, which is neutral. Multiple oscillation indicators also show neutral signals. The Williams %R is in overbought territory but remains neutral. The CCI indicator signals a buy, while the MACD indicates a buy signal. The ADX is neutral, and Bollinger Bands suggest a sell signal. Overall, the technical picture shows a mixed bullish-bearish pattern, with a 55% probability of an upward move. On January 2nd, the Tech Index performed well, driven by sector rotation within the tech industry. Several leading stocks in the sector rose simultaneously, including $BIDU-SW (09888.HK)$ a sharp increase of 9.35%, $NTES-S (09999.HK)$ rising 6.62%, $TENCENT (00700.HK)$ and $BABA-W (09988.HK)$ with gains of 4.01% and 4.34% respectively. Looking closely at individual stock performances, Alibaba’s technical indicators signal a “buy,” although the RSI at 38 remains neutral. The stock price temporarily...
Based on the current trend of the tech index and the characteristics of warrant products, we have selected two high cost-effective targets for reference.
The first is $SG#HSTECRC2604B.C (59189.HK)$ This product has the lowest premium, with relatively high actual leverage, which ensures some room for flexibility while reducing cost pressure. Additionally, its corresponding recovery price is at 5,300 points, which is a certain distance from the current level of the tech index, indicating a lower short-term risk of forced redemption. It is suitable for investors who are optimistic about the continuation of the tech index rebound to deploy.
The second is $CT#HSTECRP2812B.P (55289.HK)$ Its premium is also the lowest among similar products, with an actual leverage of 9.9 times, providing sufficient flexibility. The exercise price is set at 6,350 points, corresponding to the resistance level above the tech index. If the tech index fails to break through this resistance and experiences a pullback, this product could yield good returns. It is suitable for investors who are cautious about the short-term trend to use as a hedge or speculative deployment.
Risk Warning:It should be noted that some short-term warrant and bull/bear certificate products currently have relatively high leverage. For example, $JPHSTEC@EP2603A.P (21179.HK)$ leverage reaches 6.2 times, $UBHSTEC@EC2603A.C (21014.HK)$ leverage reaches 11.6 times. Although high leverage can amplify gains, it can also exacerbate losses, especially against a backdrop of technical divergence between bulls and bears. Increased stock price volatility may cause significant fluctuations in product prices. Moreover, some products have strike or recovery prices close to the current level of the tech index. For instance, bearish products mostly correspond to recovery prices ranging from 6,288 to 6,350 points. If the tech index continues to rise in the short term and approaches this range, it might trigger forced redemption. Investors need to closely monitor the breakthrough of the tech index's resistance levels and adjust their positions accordingly. Additionally, it's not advisable to blindly chase high-premium tech stocks’ warrants that show signs of being overbought, to avoid losses due to pullbacks in the underlying stocks.
January 2, 2026 $Hang Seng TECH Index (800700.HK)$ The day closed at 5,736.44 points, surging 4.00% in a single day, with a trading volume of 43.962 billion yuan, showing a clear inflow of funds. Technically, the Tech Index is currently above the MA10 at 5,518.41 points and the MA30 at 5,556.26 points but remains under pressure from the MA60 at 5,779.50 points. Support levels are seen at 5,549 points and 5,413 points, with resistance at 5,943 points and 6,060 points. In terms of indicators, the RSI is at 50, which is neutral. Multiple oscillation indicators also show neutral signals. The Williams %R is in overbought territory but remains neutral. The CCI indicator signals a buy, while the MACD indicates a buy signal. The ADX is neutral, and Bollinger Bands suggest a sell signal. Overall, the technical picture shows a mixed bullish-bearish pattern, with a 55% probability of an upward move. On January 2nd, the Tech Index performed well, driven by sector rotation within the tech industry. Several leading stocks in the sector rose simultaneously, including $BIDU-SW (09888.HK)$ a sharp increase of 9.35%, $NTES-S (09999.HK)$ rising 6.62%, $TENCENT (00700.HK)$ and $BABA-W (09988.HK)$ with gains of 4.01% and 4.34% respectively. Looking closely at individual stock performances, Alibaba’s technical indicators signal a “buy,” although the RSI at 38 remains neutral. The stock price temporarily...
January 2, 2026 $Hang Seng TECH Index (800700.HK)$ The day closed at 5,736.44 points, surging 4.00% in a single day, with a trading volume of 43.962 billion yuan, showing a clear inflow of funds. Technically, the Tech Index is currently above the MA10 at 5,518.41 points and the MA30 at 5,556.26 points but remains under pressure from the MA60 at 5,779.50 points. Support levels are seen at 5,549 points and 5,413 points, with resistance at 5,943 points and 6,060 points. In terms of indicators, the RSI is at 50, which is neutral. Multiple oscillation indicators also show neutral signals. The Williams %R is in overbought territory but remains neutral. The CCI indicator signals a buy, while the MACD indicates a buy signal. The ADX is neutral, and Bollinger Bands suggest a sell signal. Overall, the technical picture shows a mixed bullish-bearish pattern, with a 55% probability of an upward move. On January 2nd, the Tech Index performed well, driven by sector rotation within the tech industry. Several leading stocks in the sector rose simultaneously, including $BIDU-SW (09888.HK)$ a sharp increase of 9.35%, $NTES-S (09999.HK)$ rising 6.62%, $TENCENT (00700.HK)$ and $BABA-W (09988.HK)$ with gains of 4.01% and 4.34% respectively. Looking closely at individual stock performances, Alibaba’s technical indicators signal a “buy,” although the RSI at 38 remains neutral. The stock price temporarily...
The technology index rebounded with volume, but there are still divergences on the technical side; some leading tech stocks are showing signs of being overbought. Would you choose high-leverage bull certificates to capitalize on potential rebounds, or low-premium bear certificates to hedge against pullback risks?Feel free to leave your thoughts in the comment section! Want more analysis? Don’t forget to follow ‘HK Stock Warrants Jenny’ for daily updates!
Disclaimer: This article does not constitute any investment advice.
This article is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We shall not be liable for any loss or damage arising from reliance on the information in this article. Technical analysis merely indicates whether certain technical conditions are met; a comprehensive evaluation of asset performance should incorporate additional data. Trading decisions should not be based solely on the content of this article. Please note that past performance is not indicative of future results.
#Tech Index #Hong Kong Stocks #Real-time Analysis #Warrants Selection #Warrants Strategy #Derivatives Hedging #Hong Kong Stock Warrants Jenny #Tech Stocks #Tech Index Derivatives #Technical Analysis
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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