Hong Kong Exchange (388) is currently trading near the high of 417, with resistance at 423.928 gradually approaching.

The short-term trend of Hong Kong Exchange remains relatively stable. The stock price has continued to recover after rebounding from the low of 379.00 and is now above the 5-day line at 413.04, the 10-day line at 410.88, the 20-day line at 402.09, and the 30-day line at 402.65, reflecting an overall improvement in structure. Capital has not fully withdrawn yet. From the trend perspective, Hong Kong Exchange has been notably more stable than Hang Seng Index recently, leading to various market opinions suggesting 'resistance to decline' or being 'propped up,' showing that retail investors still have significant divergence in assessing the strength of this stock at this stage.

However, the current price of 412.4 is already close to the short-term high of 417.00, and resistance at 423.92 is gradually approaching, indicating that although the stock remains in a strong pattern, upward movement is no longer without obstacles. The Relative Strength Index (RSI) stands at 67.368, showing that short-term momentum is strong but also beginning to approach overheated levels. Coupled with market concerns over reduced trading volume, many holding positions are starting to consider whether to lock in profits first.

In the short term, the most important level remains the pivot point at 413.04. If the stock price can stabilize above it and effectively break through 417.00, the uptrend may continue, targeting 423.92. However, if it fails to break through 417.00, or even falls below 413.04, one should be cautious about the slowing uptrend, testing support at 410.88, with further downside potentially reaching near 402.09. The current trend has not weakened, but the position is not considered low. Strategically, it is better to wait for confirmation of a breakout or observe buying power on pullbacks.

Reply to market investor viewpoints:

@Bull Market, Short Bear Mayor@牛市短熊市長The current price is already near the resistance level of 417.00. If it doesn't break out, it's a consolidation zone at the highs. You can look for a clear breakout around 417. If it doesn't break and you're holding with profits, it might be safer to lock in gains incrementally.

@Brother Yang Hong Kong & US Stocks@杨哥港美股: Judging from the trend, it has indeed been more resilient recently, which might lead to speculation about foreign capital control in the market. Technically, the most practical focus is whether it can hold above 413.04 and break through 417.00.

@Supporting others is supporting yourself@支持別人就是支持自己: There’s definitely a feeling that funds are being manipulated back and forth in the short term, so at this stage, it's not advisable to chase prices emotionally. The key remains whether there will be a breakthrough or not.

@Leonid, the Utterly Brilliant@聪明绝顶的列奥尼德: If there is only a minor loss, the key point is whether it can still hold above 413.04; if it holds, further observation is possible, but if it fails, caution should be exercised instead of blindly holding on.

Hong Kong Exchange (00388) Key Strategy: Current price at 416.60 yuan is still above 413.04 yuan, with a relatively stable short-term trend. If 413.04 yuan is held firmly, one can continue following the rebound pattern for deployment. A breakout above 417.00 yuan may lead to testing 423.92 yuan; if 413.04 yuan is breached, watch for a retest of 410.88 yuan, and then support near 402.09 yuan.

Strategy One | A steady upward move while holding above 413.04 yuan

26034 | Strike Price 419.08 yuan | Actual Leverage 4.6x | Near-the-money with longer duration, time decay is relatively slower, suitable for a strategy to slowly follow the uptrend after securing support at the key level.

23367 | Strike Price 419.08 yuan | Actual Leverage 4.8x | Also a near-the-money option, slightly more flexible, suitable for increasing return efficiency after securing the support level.

23961 | Strike Price 419 yuan | Actual Leverage 4.7x | A balanced choice, suitable for those optimistic about continued upside but wanting to avoid excessive leverage, serving as a more stable holding tool.

$UB-HKEX@EC2706A.C (26034.HK)$$HS-HKEX@EC2706A.C (23367.HK)$$BP-HKEX@EC2706A.C (23961.HK)$

Strategy Two | Deployment to chase the uptrend after breaking through 417.00 yuan

27123 | Strike price 457.19 yuan | Actual leverage 9.6x | Balanced leverage and out-of-the-money range, suitable for chasing the trend after confirming a breakout, providing both explosive power and holding capacity

27608 | Strike price 457.19 yuan | Actual leverage 11.0x | A more aggressive momentum-chasing choice, suitable for amplifying return on upward movement after a breakout, but better suited for short-term quick trades

27363 | Strike price 457.19 yuan | Actual leverage 9.9x | More straightforward flexibility, suitable for acceleration deployment after breaking through 417.000 yuan, aiming for the stock price to surge towards 423.928 yuan

$UB-HKEX@EC2609B.C (27123.HK)$$HU-HKEX@EC2609B.C (27608.HK)$$GJ-HKEX@EC2609B.C (27363.HK)$

Strategy Three | Aggressive deployment after breaking through and retesting 423.92 yuan

27920 | Strike price 480.2 yuan | Actual leverage 9.4x | A mid-range out-of-the-money deployment, suitable for betting on further upside after confirming strengthening, allowing room for post-breakout price action to develop

28021 | Strike price 480.2 yuan | Actual leverage 10.0x | Higher leverage, suitable for quick attacks after clear strengthening, targeting explosive power during short-term pushes towards 423.928 yuan

27948 | Strike price 479.99 yuan | Actual leverage 10.1x | An aggressive momentum-chasing tool, more suitable for use after the continuation of a breakout, not recommended to enter too early

$UB-HKEX@EC2609C.C (27920.HK)$$CT-HKEX@EC2609A.C (28021.HK)$$MS-HKEX@EC2609B.C (27948.HK)$

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 combine other data and should not solely rely on this article to make trading decisions. Please note that past performance is not indicative of future results. Follow Jenny's insights on Hong Kong stock warrants for more professional analysis.

$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$

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