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港股窩輪Jenny
wrote a column · Mar 31 08:59 ·

Technical signals for the Hang Seng Index indicate a potential bottom formation, with volume confirmation being key to a rebound.

The previous trading day (March 30th) $Hang Seng Index (800000.HK)$
The Hang Seng Index closed at 24,750.79 points, down 0.81% for the day, with a trading volume of 285.435 billion yuan. The trading volume increased slightly, but the overall trend remained weak, failing to break away from the recent volatile and consolidating pattern.
From a technical perspective, the Hang Seng Index remains in a weak region, with the closing price below the MA10 (25,201.31 points), MA30 (25,821.27 points), and MA60 (26,303.34 points). The moving averages are trending downward, and no significant reversal has occurred in the short- to medium-term trend.
On the previous day (March 30th) $Hang Seng Index (800000.HK)$ The index closed at 24,750.79 points, down 0.81% on the day, with a trading volume of 285.435 billion yuan. Volume increased somewhat, but overall movement remained weak, still trapped in the recent range-bound adjustment pattern. From a technical perspective, the Hang Seng Index remains in a weak region, with closing prices below the MA10 (25,201.31 points), MA30 (25,821.27 points), and MA60 (26,303.34 points). The moving averages are trending downward overall, showing no significant reversal in the short- to medium-term trend. In terms of momentum indicators, the RSI is at 38, which places it in a neutral-to-weak zone, close to oversold territory, reflecting that after continuous adjustments, selling pressure has eased and a technical rebound is gathering strength. A summary of technical indicators shows a “Buy” signal (signal strength 8), with multiple oscillators suggesting 'oversold, possible bottoming, buy,' hinting at a potential technical rebound in the near term for the Hang Seng Index. Key support and resistance levels: Immediate support is at 24,205 points, followed by 23,486 points; resistance is first seen at 25,512 points, with further resistance at 26,217 points. The Hang Seng Index is currently oscillating at lower levels, with attention focused on whether the support levels can hold. Despite a slight decline on higher volume the previous day, the Hang Seng Index showed a buy signal, indicating late-stage weakness during this adjustment phase. Close attention should be paid to whether it can stabilize above 24,800 points with strong volume going forward. On March 30th, key blue chips showed a general downtrend, except for China Construction Bank, $CHINA MOBILE (00941.HK)$ which recorded a slight increase. Technically...
Regarding momentum indicators, the RSI is at 38, indicating a neutral-to-weak market condition and nearing the oversold zone. This reflects that after continuous adjustments, selling pressure has eased somewhat, and demand for a technical rebound is accumulating. The overall technical indicator summary signal is “Buy” (signal strength 8). Multiple oscillation indicators suggest “oversold, potential bottoming out, buy,” implying that the Hang Seng Index may soon experience a technical rebound.
On the previous day (March 30th) $Hang Seng Index (800000.HK)$ The index closed at 24,750.79 points, down 0.81% on the day, with a trading volume of 285.435 billion yuan. Volume increased somewhat, but overall movement remained weak, still trapped in the recent range-bound adjustment pattern. From a technical perspective, the Hang Seng Index remains in a weak region, with closing prices below the MA10 (25,201.31 points), MA30 (25,821.27 points), and MA60 (26,303.34 points). The moving averages are trending downward overall, showing no significant reversal in the short- to medium-term trend. In terms of momentum indicators, the RSI is at 38, which places it in a neutral-to-weak zone, close to oversold territory, reflecting that after continuous adjustments, selling pressure has eased and a technical rebound is gathering strength. A summary of technical indicators shows a “Buy” signal (signal strength 8), with multiple oscillators suggesting 'oversold, possible bottoming, buy,' hinting at a potential technical rebound in the near term for the Hang Seng Index. Key support and resistance levels: Immediate support is at 24,205 points, followed by 23,486 points; resistance is first seen at 25,512 points, with further resistance at 26,217 points. The Hang Seng Index is currently oscillating at lower levels, with attention focused on whether the support levels can hold. Despite a slight decline on higher volume the previous day, the Hang Seng Index showed a buy signal, indicating late-stage weakness during this adjustment phase. Close attention should be paid to whether it can stabilize above 24,800 points with strong volume going forward. On March 30th, key blue chips showed a general downtrend, except for China Construction Bank, $CHINA MOBILE (00941.HK)$ which recorded a slight increase. Technically...
Key support and resistance levels: Immediate support is at 24,205 points, with further support at 23,486 points; immediate resistance is at 25,512 points, with further resistance at 26,217 points. Currently, the Hang Seng Index is fluctuating at lower levels, and attention should be focused on whether the support levels can hold.
On March 30th, despite higher trading volumes, the Hang Seng Index recorded a slight decline but showed a buy signal, indicating it might be in the late stage of a consolidation within a weak market. Attention should be paid to whether it can stabilize above 24,800 points with increased volume in subsequent sessions.
On March 30th, key blue-chip stocks generally declined, except for China Construction Bank, $CHINA MOBILE (00941.HK)$ which recorded a slight increase. Technical signals were mixed, with several individual stocks nearing oversold conditions and showing buy signals. Key stocks are analyzed as follows:
1、 $TENCENT (00700.HK)$ Meituan: Closed at 481.6 yuan (down 2.39%), below all major moving averages, with an RSI of 30 (close to oversold). Signal: Buy (strength 11), indicating strong demand for a technical rebound.
2、 $BABA-W (09988.HK)$ Tencent: Closed at 120.5 yuan (down 1.71%), below all major moving averages, with an RSI of 32 (close to oversold). Signal: Buy (strength 9), suggesting accumulated conditions for a rebound.
3、 $CCB (00939.HK)$ Closing at HKD 8.24 (up 1.85%), above all major moving averages (maintaining a bullish alignment), RSI at 51 (neutral), buy signal (strength 7); however, technical divergence exists, and caution is advised for potential short-term pullback.
4、 $PING AN (02318.HK)$ Closing at HKD 58.9 (down 0.67%), below all major moving averages, RSI at 35 (approaching oversold), buy signal (strength 9), rebound potential remains promising.
5、 $XIAOMI-W (01810.HK)$ Closing at HKD 32.38 (down 1.88%), below all major moving averages, RSI at 43 (neutral), buy signal (strength 9), conditions for a technical rebound are in place.
6、 $MEITUAN-W (03690.HK)$ Closing at HKD 84.2 (down 1.98%), above MA10 and MA30 but below MA60, RSI at 55 (slightly bullish), neutral signal (strength 8), short-term trend is unclear.
Overall observation: Buy signals have appeared for Tencent, Alibaba, $HKEX (00388.HK)$ , Ping An Insurance, Xiaomi, and most are nearing oversold levels; expectations for a rebound are rising. China Construction Bank has risen independently but shows technical divergence. Meituan, $AIA (01299.HK)$ 、 $HSBC HOLDINGS (00005.HK)$ , and China Mobile show neutral signals. The market is in a state of mixed expectations for a rebound and short-term risks.
Review and Selection of Warrants: Hang Seng Index-related products offer potential rebound opportunities.
First, let’s review the performance of the Hang Seng Index-related warrants and bull/bear products recommended earlier. The put warrants and bear contracts recommended on March 24 achieved significant gains, with $UB#HSI RP28125.P (60799.HK)$ 、$BI#HSI RP2804L.P (61183.HK)$ the increase reached 21% after 2 days, $JP-HSI @EP2605A.P (22976.HK)$ 、 $BI-HSI @EP2606B.P (24183.HK)$ increases reaching 16% and 12%, respectively, aligning perfectly with the recent adjustment in the Hang Seng Index.
On the previous day (March 30th) $Hang Seng Index (800000.HK)$ The index closed at 24,750.79 points, down 0.81% on the day, with a trading volume of 285.435 billion yuan. Volume increased somewhat, but overall movement remained weak, still trapped in the recent range-bound adjustment pattern. From a technical perspective, the Hang Seng Index remains in a weak region, with closing prices below the MA10 (25,201.31 points), MA30 (25,821.27 points), and MA60 (26,303.34 points). The moving averages are trending downward overall, showing no significant reversal in the short- to medium-term trend. In terms of momentum indicators, the RSI is at 38, which places it in a neutral-to-weak zone, close to oversold territory, reflecting that after continuous adjustments, selling pressure has eased and a technical rebound is gathering strength. A summary of technical indicators shows a “Buy” signal (signal strength 8), with multiple oscillators suggesting 'oversold, possible bottoming, buy,' hinting at a potential technical rebound in the near term for the Hang Seng Index. Key support and resistance levels: Immediate support is at 24,205 points, followed by 23,486 points; resistance is first seen at 25,512 points, with further resistance at 26,217 points. The Hang Seng Index is currently oscillating at lower levels, with attention focused on whether the support levels can hold. Despite a slight decline on higher volume the previous day, the Hang Seng Index showed a buy signal, indicating late-stage weakness during this adjustment phase. Close attention should be paid to whether it can stabilize above 24,800 points with strong volume going forward. On March 30th, key blue chips showed a general downtrend, except for China Construction Bank, $CHINA MOBILE (00941.HK)$ which recorded a slight increase. Technically...
Here are two selected Hang Seng Index-related warrant products for your reference:
First one: $BP-HSI @EC2605A.C (23939.HK)$ Leverage 18.9, strike price 26,600, with the lowest premium and implied volatility, suitable for investors optimistic about a short-term technical rebound in Hang Seng Index.
The second one: J.P. Morgan put warrant (22976), leverage 12, strike price 23,400, with the lowest premium and relatively higher leverage, suitable for investors concerned that Hang Seng Index may not hold the support level and continue to adjust.
On the previous day (March 30th) $Hang Seng Index (800000.HK)$ The index closed at 24,750.79 points, down 0.81% on the day, with a trading volume of 285.435 billion yuan. Volume increased somewhat, but overall movement remained weak, still trapped in the recent range-bound adjustment pattern. From a technical perspective, the Hang Seng Index remains in a weak region, with closing prices below the MA10 (25,201.31 points), MA30 (25,821.27 points), and MA60 (26,303.34 points). The moving averages are trending downward overall, showing no significant reversal in the short- to medium-term trend. In terms of momentum indicators, the RSI is at 38, which places it in a neutral-to-weak zone, close to oversold territory, reflecting that after continuous adjustments, selling pressure has eased and a technical rebound is gathering strength. A summary of technical indicators shows a “Buy” signal (signal strength 8), with multiple oscillators suggesting 'oversold, possible bottoming, buy,' hinting at a potential technical rebound in the near term for the Hang Seng Index. Key support and resistance levels: Immediate support is at 24,205 points, followed by 23,486 points; resistance is first seen at 25,512 points, with further resistance at 26,217 points. The Hang Seng Index is currently oscillating at lower levels, with attention focused on whether the support levels can hold. Despite a slight decline on higher volume the previous day, the Hang Seng Index showed a buy signal, indicating late-stage weakness during this adjustment phase. Close attention should be paid to whether it can stabilize above 24,800 points with strong volume going forward. On March 30th, key blue chips showed a general downtrend, except for China Construction Bank, $CHINA MOBILE (00941.HK)$ which recorded a slight increase. Technically...
On the previous day (March 30th) $Hang Seng Index (800000.HK)$ The index closed at 24,750.79 points, down 0.81% on the day, with a trading volume of 285.435 billion yuan. Volume increased somewhat, but overall movement remained weak, still trapped in the recent range-bound adjustment pattern. From a technical perspective, the Hang Seng Index remains in a weak region, with closing prices below the MA10 (25,201.31 points), MA30 (25,821.27 points), and MA60 (26,303.34 points). The moving averages are trending downward overall, showing no significant reversal in the short- to medium-term trend. In terms of momentum indicators, the RSI is at 38, which places it in a neutral-to-weak zone, close to oversold territory, reflecting that after continuous adjustments, selling pressure has eased and a technical rebound is gathering strength. A summary of technical indicators shows a “Buy” signal (signal strength 8), with multiple oscillators suggesting 'oversold, possible bottoming, buy,' hinting at a potential technical rebound in the near term for the Hang Seng Index. Key support and resistance levels: Immediate support is at 24,205 points, followed by 23,486 points; resistance is first seen at 25,512 points, with further resistance at 26,217 points. The Hang Seng Index is currently oscillating at lower levels, with attention focused on whether the support levels can hold. Despite a slight decline on higher volume the previous day, the Hang Seng Index showed a buy signal, indicating late-stage weakness during this adjustment phase. Close attention should be paid to whether it can stabilize above 24,800 points with strong volume going forward. On March 30th, key blue chips showed a general downtrend, except for China Construction Bank, $CHINA MOBILE (00941.HK)$ which recorded a slight increase. Technically...
Risk Warning: Hang Seng Index is currently in low-level fluctuations, with dense buy signals but no confirmed rebound; warrants trading requires extra caution. Whether buying calls or puts, reasonable stop-loss should be set, and act within your means.
Hang Seng Index shows signs of bottoming out, but the downtrend remains unchanged. What will you do:
A. Bet on a rebound, buy call warrant 23939 at the current price.
B. Expect a breakdown, buy put warrant 22976 at the current price.
C. Wait for a breakout above 25,512 before chasing.
D. Liquidate and exit, no more playing.
Feel free to share your insights in the comment section. For more market analysis, please continue following ‘Hong Kong Stock Warrants Jenny’ for daily updates!
Reminder: 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.
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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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