How to view the post-holiday market trend in Hong Kong stocks?
[Warrant Perspective] Trading volume sees moderate recovery; can Hang Seng Index hold steady above 27,000 points?
On February 9th, our [HK Stocks Report]February 9th [HKEX Podcast] Hang Seng Index, Pop Mart, SMIC, Zijin Mining, Meituan, HSBC HoldingsIn the segment, we reviewed the Hang Seng Index (HSI). From the daily closing performance, it successfully regained the key level of 27,000 points, closing at 27,027. From a technical perspective, the closing price not only returned to this critical psychological level but also stabilized above the middle Bollinger Band on the daily chart, making it a small positive highlight in the technical aspect of the previous day (February 9th). $POP MART (09992.HK)$$SMIC (00981.HK)$$ZIJIN MINING (02899.HK)$$MEITUAN-W (03690.HK)$$HSBC HOLDINGS (00005.HK)$
In terms of trading volume, market turnover showed a slight increase compared to last Friday (February 6th), but remained relatively moderate when compared to earlier active phases, indicating that investor willingness to chase gains has not fully recovered yet and there is no blind following.
Based on the aggregate technical indicators, ‘sell’ signals currently outnumber ‘buy’ signals by 10 to 4, indicating short-term market sentiment is leaning cautious. Specifically, the RSI indicator is at 56, within the neutral range; the MACD signal suggests selling, consistent with the overall trend of technical signals; among several oscillators, the CCI indicator shows a buy signal, while most others remain neutral, creating a slight divergence.
![On February 9th, our [HK Stocks Report][Share Link: February 9th [HKEX Podcast] Hang Seng Index, Pop Mart, SMIC, Zijin Mining, Meituan, HSBC Holdings]In the segment, we reviewed the Hang Seng Index (HSI). From the daily closing performance, it successfully regained the key level of 27,000 points, closing at 27,027. From a technical perspective, the closing price not only returned to this critical psychological level but also stabilized above the middle Bollinger Band on the daily chart, making it a small positive highlight in the technical aspect of the previous day (February 9th). $POP MART (09992.HK)$$SMIC (00981.HK)$$ZIJIN MINING (02899.HK)$$MEITUAN-W (03690.HK)$$HSBC HOLDINGS (00005.HK)$ In terms of trading volume, market turnover showed a slight increase compared to last Friday (February 6th), but remained relatively moderate when compared to earlier active phases, indicating that investor willingness to chase gains has not fully recovered yet and there is no blind following. Summarizing technical indicators, the number of 'Sell' signals currently leads 'Buy' signals with a ratio of 10 to 4, reflecting cautious short-term market sentiment. Specifically, the RSI indicator stands at 56, within the neutral range; the MACD signal indicates 'Sell', consistent with the overall trend of technical signals; among multiple oscillation indicators, the CCI shows a 'Buy' signal, while most others remain neutral, creating mild divergence. In terms of support and resistance, the index's short-term key support zone lies near 26,500 points (Support 1), with the next support reference level at 25...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260210/web-1770685307040-zQ4rKzWqhn.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
In terms of support and resistance, the index's key short-term support zone is near 26,500 points (Support 1), with the next support level at 25,900 points (Support 2); the main resistance lies around 27,500 points (Resistance 1). If it breaks through, upside potential could extend to 28,100 points (Resistance 2). The short-term core trading range is approximately 500 points, which traders can monitor closely.
![On February 9th, our [HK Stocks Report][Share Link: February 9th [HKEX Podcast] Hang Seng Index, Pop Mart, SMIC, Zijin Mining, Meituan, HSBC Holdings]In the segment, we reviewed the Hang Seng Index (HSI). From the daily closing performance, it successfully regained the key level of 27,000 points, closing at 27,027. From a technical perspective, the closing price not only returned to this critical psychological level but also stabilized above the middle Bollinger Band on the daily chart, making it a small positive highlight in the technical aspect of the previous day (February 9th). $POP MART (09992.HK)$$SMIC (00981.HK)$$ZIJIN MINING (02899.HK)$$MEITUAN-W (03690.HK)$$HSBC HOLDINGS (00005.HK)$ In terms of trading volume, market turnover showed a slight increase compared to last Friday (February 6th), but remained relatively moderate when compared to earlier active phases, indicating that investor willingness to chase gains has not fully recovered yet and there is no blind following. Summarizing technical indicators, the number of 'Sell' signals currently leads 'Buy' signals with a ratio of 10 to 4, reflecting cautious short-term market sentiment. Specifically, the RSI indicator stands at 56, within the neutral range; the MACD signal indicates 'Sell', consistent with the overall trend of technical signals; among multiple oscillation indicators, the CCI shows a 'Buy' signal, while most others remain neutral, creating mild divergence. In terms of support and resistance, the index's short-term key support zone lies near 26,500 points (Support 1), with the next support reference level at 25...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260210/web-1770685320086-87nw9TO1p6.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
On February 9, several major blue-chip stocks rebounded, particularly financial and tech stocks showing relatively active performance. However, most share prices remained below or near their key moving averages, suggesting that the overall trend has not yet fully strengthened, and the strength of the rebound still requires further observation. A detailed breakdown of individual stocks follows:
1、 $TENCENT (00700.HK)$ : Closing price at 560.00 yuan, up 2.28% for the day, the stock rebounded but remains below the MA10 (585.95 yuan), MA30 (603.83 yuan), and MA60 (609.30 yuan) key moving averages, indicating a weak rebound trend; the RSI is 30, at the edge of being oversold, with multiple technical indicators signaling 'buy,' giving it a strength rating of 11 (neutral-bullish), implying there may be room for continued rebound in the short term.
2、 $BABA-W (09988.HK)$ : Closing price at 157.90 yuan, up 1.87% for the day, the stock gradually approaches MA10 (164.22 yuan) but remains slightly below MA30 (158.54 yuan), still some distance from firmly holding above the moving averages; the RSI is 50, perfectly neutral, with the technical indicators summarizing a 'buy' signal, strength rating 9, reflecting a relatively stable technical outlook.
3、 $MEITUAN-W (03690.HK)$ : Closing price at 91.05 yuan, down 0.38% for the day, underperforming amidst rebounds in many blue chips, the stock is below MA10 (94.72 yuan), MA30 (99.20 yuan), and MA60 (99.68 yuan), placing it in a short-term weak region; the RSI is 31, indicating oversold conditions, with technical indicators summarizing a 'buy' signal, strength rating 9, suggesting there might be demand for a corrective rebound.
4、 $CCB (00939.HK)$ : Closing price at 8.08 yuan, up 1.38% for the day, demonstrating relatively strong performance, the stock is firmly above MA10 (7.94 yuan), MA30 (7.78 yuan), and MA60 (7.84 yuan), showing early signs of a short-term bullish pattern; the RSI is 63, nearing the overbought region, with technical indicators summarizing a 'neutral' signal, strength rating 9, warranting attention to potential minor pullback pressures due to overbought conditions.
5、 $AIA (01299.HK)$ : Closing price at 86.35 yuan, up 3.41% for the day, leading gains, the stock is approaching MA10 (88.41 yuan) and MA30 (85.12 yuan), potentially stabilizing above the moving averages; the RSI is 51, within the neutral range, with technical indicators summarizing a 'neutral' signal, strength rating 8, indicating a strong short-term trend but requiring volume confirmation.
6、 $HKEX (00388.HK)$ : Closing price at 418.60 yuan, up 2.70% for the day, rebounding but still slightly below MA10 (425.30 yuan) and MA30 (425.18 yuan), failing to effectively break through moving average resistance; the RSI is 46, leaning neutral, with technical indicators summarizing a 'sell' signal, strength rating 8, implying limited rebound momentum.
7、 $PING AN (02318.HK)$ : Closing price at 73.00 yuan, surging 4.89% for the day, posting the largest gain, the stock successfully broke through MA10 (71.45 yuan) and MA30 (69.47 yuan), showing clear technical improvement; the RSI is 60, slightly bullish, with technical indicators summarizing a 'sell' signal, strength rating 8, suggesting potential retesting of moving average support in the short term.
8、 $ICBC (01398.HK)$ Closing price at 6.52 yuan, a slight increase of 0.46% in a single day with relatively stable movement; the stock price stabilized above MA10 (6.48 yuan) and MA30 (6.32 yuan), showing relatively solid support. RSI is at 65, indicating potential overbought conditions. The technical indicators summarize to a 'Sell' signal with a strength rating of 8; caution against a minor pullback is advised.
9、 $BYD COMPANY (01211.HK)$ Closing price at 93.55 yuan, a rise of 1.35% in a single day. The stock price is slightly below MA10 (94.88 yuan) but higher than MA30 (96.68 yuan), with some divergence in moving averages. RSI is at 47, in the neutral zone. Technical indicators suggest a 'Buy' signal with a strength rating of 8, implying relatively balanced short-term trends.
10、 $XIAOMI-W (01810.HK)$ Closing price at 35.20 yuan, nearly flat for the day. The stock price is almost level with MA10 (35.29 yuan), but still lower than MA30 (36.87 yuan) and MA60 (38.84 yuan), indicating a short-term consolidation phase. RSI is at 42, leaning towards weakness within the neutral range. Technical indicators suggest a 'Buy' signal with a strength rating of 10, reflecting a relatively optimistic technical outlook.
Review of Bull/Bear Warrants & Featured Products:
(I) Review of previous Warrant Bull/Bear performance:
Reviewing the two Hang Seng Index Bull Certificates recommended on February 5th, both showed strong short-term performance with the following data: $BI#HSI RC2808Z.C (64765.HK)$ A two-day increase of 14%, $BI#HSI RC28087.C (64010.HK)$ A two-day increase of 13%. In contrast, the Hang Seng Index rose by only 0.53% during the same period, demonstrating significant leverage effects of Warrants. Here we remind everyone that Warrants are derivatives, and while leverage brings opportunities, it also comes with risks. Investors should remain rational and act according to their capacity regardless of market fluctuations.
![On February 9th, our [HK Stocks Report][Share Link: February 9th [HKEX Podcast] Hang Seng Index, Pop Mart, SMIC, Zijin Mining, Meituan, HSBC Holdings]In the segment, we reviewed the Hang Seng Index (HSI). From the daily closing performance, it successfully regained the key level of 27,000 points, closing at 27,027. From a technical perspective, the closing price not only returned to this critical psychological level but also stabilized above the middle Bollinger Band on the daily chart, making it a small positive highlight in the technical aspect of the previous day (February 9th). $POP MART (09992.HK)$$SMIC (00981.HK)$$ZIJIN MINING (02899.HK)$$MEITUAN-W (03690.HK)$$HSBC HOLDINGS (00005.HK)$ In terms of trading volume, market turnover showed a slight increase compared to last Friday (February 6th), but remained relatively moderate when compared to earlier active phases, indicating that investor willingness to chase gains has not fully recovered yet and there is no blind following. Summarizing technical indicators, the number of 'Sell' signals currently leads 'Buy' signals with a ratio of 10 to 4, reflecting cautious short-term market sentiment. Specifically, the RSI indicator stands at 56, within the neutral range; the MACD signal indicates 'Sell', consistent with the overall trend of technical signals; among multiple oscillation indicators, the CCI shows a 'Buy' signal, while most others remain neutral, creating mild divergence. In terms of support and resistance, the index's short-term key support zone lies near 26,500 points (Support 1), with the next support reference level at 25...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260210/web-1770685599879-kJN8mB1Jca.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
(II) Selected Warrants and Bull/Bear Contracts:
Based on the Hang Seng Index's trend and technical signals, two Warrant products have been selected to align with bullish and bearish strategies, providing reference for investors:
1、 $BI-HSI @EC2609A.C (23798.HK)$ : Leverage of 7.1x, exercise price at 28,600 points. The product’s key feature is that it has the highest leverage among currently recommended products, with the lowest premium and implied volatility, offering relatively good value. It is suitable for investors who are optimistic about the Hang Seng Index breaking through resistance levels and are willing to take corresponding risks.
2、 $BI#HSI RC2809W.C (61570.HK)$ : Leverage of 25.5x, recovery price at 26,050 points. The product’s core feature is its relatively high leverage, matching the current rebound trend of the Hang Seng Index. It is ideal for investors who are short-term bullish on the Hang Seng Index holding support and seeking high-leverage returns. Close attention should be paid to the support near the recovery price.
![On February 9th, our [HK Stocks Report][Share Link: February 9th [HKEX Podcast] Hang Seng Index, Pop Mart, SMIC, Zijin Mining, Meituan, HSBC Holdings]In the segment, we reviewed the Hang Seng Index (HSI). From the daily closing performance, it successfully regained the key level of 27,000 points, closing at 27,027. From a technical perspective, the closing price not only returned to this critical psychological level but also stabilized above the middle Bollinger Band on the daily chart, making it a small positive highlight in the technical aspect of the previous day (February 9th). $POP MART (09992.HK)$$SMIC (00981.HK)$$ZIJIN MINING (02899.HK)$$MEITUAN-W (03690.HK)$$HSBC HOLDINGS (00005.HK)$ In terms of trading volume, market turnover showed a slight increase compared to last Friday (February 6th), but remained relatively moderate when compared to earlier active phases, indicating that investor willingness to chase gains has not fully recovered yet and there is no blind following. Summarizing technical indicators, the number of 'Sell' signals currently leads 'Buy' signals with a ratio of 10 to 4, reflecting cautious short-term market sentiment. Specifically, the RSI indicator stands at 56, within the neutral range; the MACD signal indicates 'Sell', consistent with the overall trend of technical signals; among multiple oscillation indicators, the CCI shows a 'Buy' signal, while most others remain neutral, creating mild divergence. In terms of support and resistance, the index's short-term key support zone lies near 26,500 points (Support 1), with the next support reference level at 25...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260210/web-1770685587434-krtj85DnK5.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
![On February 9th, our [HK Stocks Report][Share Link: February 9th [HKEX Podcast] Hang Seng Index, Pop Mart, SMIC, Zijin Mining, Meituan, HSBC Holdings]In the segment, we reviewed the Hang Seng Index (HSI). From the daily closing performance, it successfully regained the key level of 27,000 points, closing at 27,027. From a technical perspective, the closing price not only returned to this critical psychological level but also stabilized above the middle Bollinger Band on the daily chart, making it a small positive highlight in the technical aspect of the previous day (February 9th). $POP MART (09992.HK)$$SMIC (00981.HK)$$ZIJIN MINING (02899.HK)$$MEITUAN-W (03690.HK)$$HSBC HOLDINGS (00005.HK)$ In terms of trading volume, market turnover showed a slight increase compared to last Friday (February 6th), but remained relatively moderate when compared to earlier active phases, indicating that investor willingness to chase gains has not fully recovered yet and there is no blind following. Summarizing technical indicators, the number of 'Sell' signals currently leads 'Buy' signals with a ratio of 10 to 4, reflecting cautious short-term market sentiment. Specifically, the RSI indicator stands at 56, within the neutral range; the MACD signal indicates 'Sell', consistent with the overall trend of technical signals; among multiple oscillation indicators, the CCI shows a 'Buy' signal, while most others remain neutral, creating mild divergence. In terms of support and resistance, the index's short-term key support zone lies near 26,500 points (Support 1), with the next support reference level at 25...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260210/web-1770685587439-3j8lk9ivMp.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Friendly reminder:Warrants and callable bull/bear contracts are high-risk derivatives. Implied volatility, premium, and strike prices can all affect product performance. Investors should choose based on their own risk tolerance and avoid blindly following others.
The Hang Seng Index has recovered above 27,000 points. Do you think the market can hold this level going forward? A: Hold. B: Not hold.
Come to the comment section and share your thoughts. Want to see more analysis?
Remember 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 are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive assessment of asset performance should be conducted using additional data. Decisions to trade should not be based solely on this article. Please note that past performance is not indicative of future results.
#HongKongStocks #HangSengIndex #RealTimeAnalysis #WarrantsSelection #WarrantsStrategy #DerivativesHedging #HongKongWarrantsJenny #KeyBlueChips #HongKongBlueChips #TechnicalAnalysis #HangSengIndexTechnicalBreakdown
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
Comment (1)
to post a comment
5