April 2nd [HK Stocks Podcast] Hang Seng Index, Sunny Optical, Geely Auto, Great Wall Motor, HSBC Holdings, Yanzhou Energy

Bullish investors believe that southbound capital is aggressively buying, with support at 25,000, holding bullish certificates overnight and a recovery price at 24,666 points. Bearish investors buy bearish certificates overnight, expecting a retreat after the holidays to fill the gap at 24,800.

The Hang Seng Index currently closed at 25,116.53 points and remains in a weak consolidation phase following a recent sharp decline. Looking at this relatively clear volatility range, the recent high is 28,056.10 points, while the recent low is 24,203.54 points, forming an overall trading range of approximately 3,852.56 points, with a fluctuation of about 15.9%. At its current price, the index is in the lower-middle part of this range, not close to the lowest point but also not back to a position with strong rebound potential. Immediate support can be seen around 25,000 to 24,800 points; this area is not only a psychological threshold but also near the recent tug-of-war zone. If it breaks below that, the next support level will shift down to around 24,666 points, followed by 24,203 points as the recent significant low. On the resistance side, the first level to watch is 25,350 to 25,550 points because this range is close to short-term moving averages and the middle Bollinger Band line. If unable to break through, any rebound would still be considered weak recovery. Beyond that, the 25,800 to 26,000 region represents a more noticeable resistance zone for rebounds.

Regarding technical conditions, the overall moving averages continue to trend downward, with the 5-day, 10-day, 20-day, and longer-period moving averages largely maintaining downward pressure, indicating that the medium- to short-term trend has not yet genuinely reversed. The Relative Strength Index (RSI) is hovering around 50, reflecting a neutral-to-weak condition, showing that the market is not in a state of strong rebound after extreme overselling but rather still oscillating between consolidation and observation. The Bollinger Bands show signs of narrowing, with the current price positioned between the middle and lower bands without clear upward expansion, suggesting that although volatility has somewhat contracted compared to before, the direction remains unclear. For now, it appears more like narrow-range consolidation within weakness rather than confirming a reversal to strength.

For a short-term upward move, there must be a clear trigger condition: the index needs to stabilize above 25,000 points first, then effectively break through the resistance zone of 25,350 to 25,550 points, ideally with consecutive stability instead of spiking during the day and falling back. Only achieving this step will allow the market to confirm that the 25,000-point level is not just temporarily held but forms a solid base for further upward testing toward 25,800 points or even higher levels. If the index merely holds above 25,000 points but fails to break through the short-term moving average pressure above, the entire trend should still be regarded as a rebound that hasn’t taken shape, offering limited betting value.

On the downside risk, the trigger conditions are also clear: if 25,000 points are decisively broken and even 24,800 points are breached, it indicates insufficient short-term support, and the market will re-test 24,666 points or even 24,203 points. It's particularly important to note that 24,666 points are very close to the stop-loss level mentioned by investors for bull contracts, meaning that if the market experiences a rapid post-holiday pullback, the overnight risk for bull contracts is actually quite high, as the margin of safety for these products is extremely limited. In case of a gap-down opening or a fast intraday plunge, there might not be enough time to manage positions, which is exactly the most cautious aspect of overnight deployment.

Regarding the two viewpoints of investors, the belief that southbound capital inflows and the 25,000-point support level is not entirely without merit, as 25,000 points is indeed a very important short-term support level at this stage, and the current price remains above it. However, to directly infer that bullish warrants can be safely held overnight based on this would be overly aggressive, especially since the stop-loss level is set at 24,666 points, which is very close to the 24,800-point gap-filling target area, leaving insufficient buffer in between. On the other hand, those who are bearish believe that the market will fall after the holiday to fill the gap at 24,800 points, and this judgment has more technical basis in terms of trend structure because the overall direction has not yet escaped the downward pressure of the moving averages, and the index has not shown a real breakout signal, meaning filling back to 24,800 points does not deviate much from the current structure.

Overall, the current short-term betting odds remain cautious, and it's not a situation where one can heavily invest based solely on subjective judgment. From a short-term trading perspective, bulls should wait for a breakout above 25,350 to 25,550 before chasing higher; bears, on the other hand, need to wait for a clear breakdown below 25,000 and then see if the level of 24,800 gets filled. This approach is more disciplined than simply betting on pre- or post-holiday sentiment. In other words, '25,000 has support' can be used as an observation base, but it’s insufficient to justify high-risk overnight bullish certificate positions; whereas 'filling the gap at 24,800 after the holiday' aligns better with the current weak consolidation structure and deserves more attention in the short term.

Sunny Optical (02382.HK): Investors believe the stock will soar after the holiday, breaking through the annual moving average next week with a target range of 68 to 70 yuan, while holding call warrants with an exercise price of 73.93 yuan, though the product isn’t following the underlying stock’s movement.

Sunny Optical currently closed at 59.90 yuan, rebounding repeatedly from its recent low of 51.50 yuan, and the latest price has risen near the resistance zone of 59 to 60 yuan. Based on this clearly volatile range, the recent trading range can be seen as between 51.50 yuan and 67.05 yuan, with an overall volatility of about 30.2%, indicating a stock with relatively high fluctuations. In terms of the current price position, the share price has been noticeably lifted from the lower half of the range to the upper-middle section, improving short-term sentiment, but there is still some distance to the previous high near 67 yuan. For support levels, first look at 58 to 57 yuan, which represents the initial support zone after the recent breakout; below that, 55.40 to 54.50 yuan serves as both the short-term moving average and recent consolidation zone, and a break below here would indicate weakening rebound momentum. For resistance levels, first observe 60.50 yuan as the immediate high; after breaking through, the next target would be the 62 to 63.80 yuan region due to proximity to medium-term moving average resistance; further upward movement could challenge the recent high near 67.05 yuan.

Technically, the moving averages are still pointing downward overall, indicating that the mid-term bearish structure hasn't fully reversed, although short-term rebound momentum has suddenly accelerated, causing the 5-day and 10-day moving averages to start closing in on the share price. The Relative Strength Index (RSI) has moved into a stronger zone, reflecting dominant buying interest in the short term, but also showing that the stock price is no longer starting from a low base, instead entering a somewhat overheated phase. The Bollinger Bands have widened, with the share price nearing the upper band, typically signaling strong momentum, but also implying a rapid short-term rise. Chasing higher prices now requires precise timing, as any failure to stabilize after spiking could lead to quick pullbacks.

For further upward momentum in the short term, the triggering condition is clear: the stock price must first effectively break above 60.50 yuan, then stabilize above 60 yuan consistently—not just with a single-day false breakout. If this happens, the next step would be testing resistance at 62 to 63.80 yuan, and only with further strength could it challenge the area near 67 yuan. If the price fails to hold above 60.50 yuan or quickly retreats below 58 yuan after breaking through, the current rally is more likely a sharp rebound rather than a genuine recovery of mid-term uptrend. As for investors’ view that the stock will surge after the holiday, reaching 68 to 70 yuan next week, this target is not impossible but given the current price of 59.90 yuan, achieving a 13% to 17% gain in a very short time while consecutively breaking through 60.50 yuan, 62 to 63.80 yuan, and near 67 yuan is highly challenging. This cannot be considered a baseline scenario but rather an aggressive projection under very strong conditions.

On the downside risk, the triggering conditions are equally clear. If the stock fails to break through 60.50 yuan and falls below 58 yuan, it indicates that short-term breakout momentum is waning. A further break below 55.40 to 54.50 yuan means the rebound structure is significantly damaged, and the market may retest lows around 53 yuan or even 51.50 yuan. With the RSI already in a stronger zone and the stock price near the upper Bollinger Band, any weakening in buying interest could trigger rapid pullbacks. Therefore, short-term traders should avoid equating a strong price move with unconditional holding after a sharp rise.

Directly addressing the investor viewpoint that the stock will soar and reach 68 to 70 yuan next week, this judgment is overly optimistic. While the current trend has clearly improved and short-term funds are more aggressive, technically, all key resistances have not been broken, and mid-term moving averages remain downward, so we’re not yet in a unilateral uptrend phase. Regarding holding call warrants at 73.93 yuan but seeing the product not follow the underlying stock, this observation is reasonable because when the underlying merely rebounds from lows without entering a major breakout phase, out-of-the-money call warrants often fail to reflect the gains proportionally, leading to perceived non-correlation. Overall, Sunny Optical still offers short-term reward potential, but only in a ‘confirm breakout before aiming higher’ context, not ignoring resistance and assuming 68 to 70 yuan is a guaranteed target. The most rational view at this stage is that the stock has strengthened, but it still needs to surpass 60.50 yuan and 62 to 63.80 yuan before targets can gradually move higher.

Geely Auto (00175.HK): Can it challenge 28 yuan? Investors are holding bullish warrants with a stop-loss level at 14.9 yuan.

Geely Auto currently closed at 23.82 yuan, with a clearly strong short-term trend as the stock price has continuously risen from a recent low of 14.96 yuan, now approaching the recent high of 24.06 yuan. Observing this primary upward wave, the current range can be viewed as between 14.96 yuan and 24.06 yuan, with an overall volatility of approximately 60.8%, representing a highly volatile upward structure. In terms of the current price position, the stock is already near the upper end of the range, meaning that while the uptrend is strong, it is also approaching short-term resistance. For support levels, first consider 23 to 22.20 yuan, which is close to the short-term support area below the closing price and an important retest level after the breakout; below that, 21.60 to 20.80 yuan is near the 5-day and 10-day moving averages, and a break below here would significantly cool the short-term uptrend. For resistance levels, first watch 24.06 yuan as the recent high; if broken, the next target would be 24.80 to 25.50 yuan, and further upward movement would set conditions to advance towards 26.50 to 28 yuan.

From a technical perspective, the overall moving averages are clearly trending upwards. The 5-day, 10-day, and 20-day moving averages have formed a bullish alignment, indicating that the short-to-medium-term trend has strengthened. The Relative Strength Index (RSI) is in a strong zone, even approaching overheated levels, suggesting that buying pressure is highly dominant. However, it also reflects that the stock price has risen significantly in the short term, meaning latecomers will face higher pullback risks. The Bollinger Bands are expanding, with the stock price nearing the upper band, which typically represents upward momentum but also implies that this is not a low-risk starting point, but rather a high-sensitivity area after a sharp rise. If momentum slows, volatility could increase noticeably.

For further upside in the short term, the trigger condition is clear: the stock price must first effectively break above 24.06 yuan, and not just spike for one day, but stabilize above 24 yuan, preferably with continued active trading volume. Only then can we say a new upward phase has truly opened. If the breakout succeeds, short-term targets can initially be set at 24.80 to 25.50 yuan, with gradual upward movement thereafter. However, reaching 28 yuan won't happen automatically from the current price, as a rise from 23.82 yuan to 28 yuan would still require an additional 17.5% gain, during which profit-taking pressures need to be continuously absorbed. Therefore, 28 yuan should be viewed as a more aggressive subsequent target rather than a position that will necessarily be reached within the next few days.

Regarding downside risks, the trigger conditions are equally clear. If the stock price fails to break through 24.06 yuan and instead falls back below 23 yuan, it indicates weakening upward momentum. A further breakdown below 22.20 yuan suggests that the short-term uptrend will transition into consolidation with noticeable profit-taking adjustments. If the support range between 21.60 and 20.80 yuan cannot hold, this round of the uptrend will be disrupted, and the market may no longer push unilaterally upward but could retreat and consolidate before finding direction again. Thus, the biggest risk at present isn't a sudden deterioration in the broader trend but normal yet significant pullbacks following an overly rapid short-term rise.

To directly address investors' questions on whether the stock price has the potential to challenge 28 yuan, the answer is that there is a mid-to-short-term possibility, but it's premature to say the stock is already in a direct trajectory toward 28 yuan. Technically, the stock remains in a strong position, supported by upward-moving averages, a strong RSI, and expanding Bollinger Bands, all of which indicate potential for further testing of higher levels. However, as the current price is near recent highs, the immediate focus is on confirming a breakout above 24.06 yuan, followed by successive resistance tests at 24.80 yuan, 25.50 yuan, or higher, before the 28-yuan target becomes more realistic. As for investors holding bull certificates with a stop-loss at 14.9 yuan, while there appears to be considerable buffer from the current price, this stop-loss level is very close to the recent low of 14.96 yuan. In other words, if the market shifts from a strong uptrend to a mid-term correction, these bull certificates aren’t entirely risk-free, though they may not be immediately threatened in the short term.

Overall, Geely Auto still has short-term betting value, which is obviously better than weaker stocks, but the best risk-reward point is no longer at the lows. Instead, it depends on whether it can break through HK$24.06 and continue its upward momentum. From a short-term trading perspective, this is a stock that can still be viewed positively, but one shouldn’t directly interpret 'potential to challenge HK$28' as 'buying now guarantees reaching HK$28.' A more reasonable assessment is to first confirm whether the breakout above HK$24.06 holds. If it does, the target of HK$28 gradually opens up; if it fails to break out and pulls back instead, the betting odds will quickly decline.

4. Great Wall Motor (02333.HK): Is this a structural rebound or stabilization? In the warrants market, investors hold call warrants at HK$16.9.

Great Wall Motor is currently trading at 13.45 yuan, rebounding from a recent low of 11.78 yuan and has now moved back above 13 yuan. Based on this relatively clear range of movement, the main fluctuation range can initially be seen between 11.78 yuan to 14.50 yuan, with an overall volatility of approximately 23.1%, indicating a somewhat elastic range-bound movement. In terms of the current price position, the share price has recovered from the lower half of the range to the upper middle part, reflecting a noticeable improvement in short-term sentiment, but it hasn't truly reclaimed the previous high of 14.50 yuan. Therefore, at this stage, it's closer to challenging resistance after a rebound rather than having fully confirmed a return to a one-sided uptrend. On the support side, look first at 13 yuan to 12.90 yuan, which is the initial support area after the recent rise; next, look at 12.60 yuan to 12.30 yuan, near the recent consolidation zone and the intersection of short-term moving averages. A breakdown here would indicate that the rebound structure will weaken again. On the resistance side, look at 13.50 yuan to 13.80 yuan, as the current price is approaching this range; if it breaks through, the next level to watch would be the more obvious previous top resistance zone of 14.20 yuan to 14.50 yuan.

In terms of technical status, the moving averages are still entangled, indicating that although there has been a rebound in the stock price, the medium-short term structure has not yet developed into a clear and clean upward trend. The relative strength index has returned to the stronger zone, reflecting that short-term buying has regained dominance, but it hasn't reached an extremely overheated one-sided surge state. The Bollinger Bands show narrowing followed by expansion, and the stock price is also close to the upper band, which usually indicates an increase in short-term momentum, but it also suggests that the current price is no longer in a low-risk area. If the uptrend cannot continue, profit-taking pressure will emerge quickly.

To determine whether the stock price transitions from a structural rebound to stabilization, the key trigger condition is clear: it must first effectively break through 13.50 yuan to 13.80 yuan and then stabilize above it, preferably advancing towards 14.20 yuan to 14.50 yuan continuously instead of relying on a single-day spike. If this is achieved, the market can say that it's no longer just a technical rebound from the lows but starting to establish a clearer stabilization structure. Conversely, if the stock price rebounds but remains constrained below 13.50 yuan to 13.80 yuan, even pulling back upon touching it, it should still be considered a rebound within the range rather than a true trend reversal.

On the downside risk, the trigger conditions are equally straightforward. If the stock price falls back below 13 yuan, it indicates that short-term support is weakening; if it further breaks down below 12.60 yuan to 12.30 yuan, it means this round of rebound rhythm is disrupted, and the market will likely retest the 12 yuan area or even move closer to the recent low of 11.78 yuan. Since the current stock price is near the upper Bollinger Band, insufficient follow-up buying power could easily lead to profit-taking, causing the trend to revert to range-bound fluctuations. Thus, it cannot be assumed that the stock has fully stabilized just because of a one-day surge.

To directly address investors' questions, the current situation is better described as 'attempting to stabilize after a rebound,' rather than having fully confirmed stability. The reason is that although the stock price has returned above 13 yuan and technical indicators have improved, the moving averages are still entangled. The resistance levels between 13.50 yuan to 13.80 yuan and 14.20 yuan to 14.50 yuan remain two key obstacles to overcome. As for investors holding call warrants with an exercise price of 16.9 yuan, this level remains significantly out-of-the-money compared to the current price of 13.45 yuan. While the underlying stock is still in the rebound phase and hasn't entered a real breakout acceleration stage, these deep out-of-the-money call warrants may not fully track the stock’s upward movement due to low sensitivity to short-term price changes, while also facing time decay.

Overall, Great Wall Motor's short-term attractiveness has improved, but it is still in a 'wait-and-see for confirmation of a breakout' pattern, and cannot yet be viewed as being in a stable upward trend. If the stock can effectively stabilize above 13.80 yuan, its short-term attractiveness will increase further; if it fails to break through and falls back, this round is more likely just a structural rebound. In other words, if investors ask whether this is a rebound or stabilization, the most accurate answer is: the stock is currently at a critical juncture transitioning from rebound to stabilization, but it has not been officially confirmed yet.

5. HSBC Holdings (00005.HK): Investors are asking whether the short-term trend will fall back to HK$125 or challenge HK$135, which scenario is more likely? Investors are paying attention to put warrants.

HSBC Holdings closed at 130.00 yuan, with its short-term trend gradually shifting from the previous pullback to sideways consolidation before attempting higher levels. Looking at the recent clearer trading range, the significant high is 144.48 yuan, and the recent low is 118.50 yuan, resulting in an overall volatility of about 21.9%. However, focusing on short-term trading, the market's attention has narrowed down to the tug-of-war zone between 125 yuan, 132 yuan, and 135 yuan. On the support side, the first level to watch is 127.50 yuan to 126.20 yuan, near the short-term moving average cluster and recent recovery zone. Below that is the psychologically important 125 yuan level, which is also a key short-term inflection point. On the resistance side, the immediate focus is 131.30 yuan to 132 yuan, given that this represents the intraday high and a recent pressure area. A breakout above this could lead to a test of 135 yuan, which is the key target mentioned by investors.

From a technical perspective, the moving averages are currently tangled, indicating that while there are signs of stabilization in the stock price, a clear one-sided uptrend has not yet formed in the medium to short term. The Relative Strength Index (RSI) is in a relatively strong zone, suggesting that short-term buying pressure has a slight edge, though it is not overly overheated, meaning there is still room for further upward movement, albeit without very strong momentum. The Bollinger Bands are showing signs of narrowing, with the stock price close to the upper band, typically signaling that the stock is preparing to choose a direction. The bias is slightly upward, but if a breakout doesn’t occur, a pullback from near the upper band remains possible.

If the stock is to challenge 135 yuan, the trigger condition is clear: the price must first effectively break through the resistance zone at 131.30 yuan to 132 yuan, and this shouldn’t be just a single-day spike—it needs to stabilize and stay above 130 yuan consistently. Only then would the market have grounds to push the target towards 135 yuan. If the price merely spikes intraday but closes back below 130 yuan, it indicates that selling pressure above remains strong, and 135 yuan would remain a resistance target rather than an imminent price.

On the downside risk, the trigger conditions are equally clear. If the stock fails to break through 132 yuan and falls back below the support zone of 127.50 yuan to 126.20 yuan, it would signal weakening stabilization momentum. A further breakdown below 125 yuan would likely confirm a failed short-term rebound, potentially leading to a retest of 123 yuan or even lower levels. In other words, 125 yuan is not just a psychological round number—it’s a crucial dividing line between bullish and bearish forces. A breakdown below this level would significantly worsen short-term sentiment.

To directly respond to investors’ questions about whether the stock will fall back to 125 yuan or rise to challenge 135 yuan in the short term, I believe there’s a slightly higher probability of testing 132 yuan and possibly moving closer to 135 yuan, though the advantage isn’t overwhelming. The reason is that the current price of 130 yuan is already above the short-term moving averages, and the RSI is relatively strong, with the price near the upper Bollinger Band, suggesting a bias toward testing resistance rather than immediately weakening. However, since the moving averages are still entangled, this is not a very clear strong trend. Thus, while the likelihood of testing 135 yuan is somewhat higher, the possibility of a pullback to 125 yuan upon a failed breakout cannot be ignored.

Regarding investors considering Put warrants, this direction isn’t entirely unreasonable, but from the current short-term rhythm, it isn’t the most advantageous position. The market is still biased toward testing resistance, so deploying a bearish strategy too early could result in the stock first pushing toward 132 yuan or higher, putting short-term pressure on Put warrants. A more reasonable approach is to treat the 132 yuan to 135 yuan range as the key observation zone. If the stock tests this range and clearly faces resistance, followed by a drop below 127.50 yuan to 126.20 yuan, that would clarify the value of bearish positioning. Overall, the current short-term outlook is not definitively bearish, and is closer to a 'testing resistance first, then seeing if a breakout occurs' pattern.

6. Yanzhou Energy (01171.HK): Investors are asking if HK$14 is the bottom? If it holds without falling, can it return to HK$17? Holding call warrants at HK$17.72.

Yanzhou Energy is currently trading at HK$14.57. After a short-term pullback from the high of HK$17.42, it has tested near the HK$14 range, with the latest price sitting in a relatively critical support zone. If we look at the recent more pronounced trading range, the stock can be viewed as fluctuating between HK$10.77 and HK$17.42, with an overall volatility of approximately 61.7%, making it a relatively volatile stock. Focusing on the nearer short-term trend, the area around HK$14 is indeed the most important short-term watershed at this stage. In terms of support levels, first consider the range of HK$14.05 to HK$14.00, as the stock price is already close to this area, and the lower Bollinger Band is also nearby; if it breaks below that, the next support level would be the HK$13.34 to HK$13 region, which is near the mid-term moving averages and the previous uptrend’s support zone. As for resistance levels, first look at HK$15.40 to HK$15.65, which is near the 10-day and 20-day moving averages; if it can break through further, then there will be potential to target HK$16.70 to HK$17.42.

From a technical perspective, the short-term moving averages have started to weaken, with the 5-day line crossing below the 10-day line, and the share price falling back below several short-term moving averages, reflecting a noticeable cooling in short-term momentum. The 20-day line remains above, while the 30-day line and longer-period moving averages continue to rise, indicating that the foundation of the medium-term uptrend is not completely broken, but the stock is certainly in an adjustment phase in the short term. The Relative Strength Index (RSI) has retreated to a weaker zone, showing a significant weakening of buying momentum, and there are no strong rebound signals visible in the market yet. Regarding the Bollinger Bands, the stock price is now close to the lower band, which typically indicates that short-term selling pressure has been significantly released, but at the same time, it means that if the lower band is breached, the trend could accelerate downward rather than naturally stabilize.

To determine whether HK$14 is truly forming a bottom, the key is not just about "holding once," but the stock must stabilize above HK$14, then regain a foothold above HK$15.40 to HK$15.65 to signal a convincing shift toward strength. If it merely consolidates near HK$14 but fails to reclaim resistance from short-term moving averages above HK$15, then the current situation likely represents only a temporary pause after a deep correction, rather than confirmation of a true bottom. If it can effectively break through HK$15.65 and subsequently surpass HK$16.70, the market will then have the conditions to push toward HK$17. In other words, returning to HK$17 is not impossible, but the premise is that it must first recover the upper resistance levels one by one, rather than simply assuming that holding HK$14 will naturally lead back to HK$17.

In terms of downside risks, the triggering conditions are equally clear. If HK$14 is decisively breached, particularly with a close below the HK$14.00 to HK$14.05 support zone, it would indicate that the so-called bottom zone has failed to hold, and the stock could test the HK$13.34 to HK$13 region. If even this range cannot hold, then the entire mid-term uptrend built from the previous low would suffer more significant damage, and the market would no longer be in a phase of "adjusting before rising again" but would evolve into a deeper correction. The biggest issue at this stage is not whether the long-term trend is over, but that there is still no sufficiently clear reversal signal for the short-term downtrend.

To directly address investors' questions, HK$14 is currently only an important support level and cannot yet be definitively characterized as a confirmed bottom. It has the potential to become a bottom, but only if it holds firm and bounces back convincingly; otherwise, it is just a temporary pause in the decline. As for whether it can return to HK$17, technically there is room for such a move, but in the short term, it is not the most immediate possibility, as the stock is still constrained by short-term moving averages and momentum remains weak. It must first overcome HK$15.40 to HK$15.65, then aim for HK$16.70, before targeting the HK$17 range. In other words, returning to HK$17 is a subsequent goal, not something that can be immediately assumed after holding HK$14.

As for investors holding call warrants with a strike price of HK$17.72, this exercise price is considerably higher than the current price of HK$14.57, making them deep out-of-the-money. With the underlying stock still searching for support near HK$14 and weak short-term momentum, these call warrants are unlikely to perform well, as the underlying stock needs not only to stabilize but also to embark on a substantial upward movement for the product to benefit meaningfully. If the stock merely consolidates or rebounds weakly, these deep out-of-the-money call warrants are more prone to time decay, resulting in a weaker holding experience compared to the underlying stock itself.

Overall, Yankuang Energy's short-term investment attractiveness is currently in a phase of observing whether support holds, rather than having clearly turned stronger. There is some technical support around 14 yuan, but it’s not enough to definitively conclude a bottom has been reached; a return to 17 yuan is possible, but only if it first reclaims 15.65 yuan and 16.70 yuan. For short-term traders, the key issue at this stage isn’t assuming that 17 yuan will return, but rather determining whether 14 yuan can truly hold, and subsequently, whether the rebound can regain a position above the short-term moving average.

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.

89K Views