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How to view the post-holiday market trend in Hong Kong stocks?
港股窩輪Jenny
joined discussion · Feb 4 10:24

[Warrant Perspective] Xiaomi's moving averages are under comprehensive pressure; a bottom needs to hold the critical level of 34 yuan.

On February 3, $XIAOMI-W (01810.HK)$
The stock closed at 34.6 yuan, with a slight daily decline of 1.31%. The trading volume was 4.925 billion yuan, which was moderate without any significant abnormal expansion or contraction. From a technical indicator perspective, the signals released by various data are relatively clear:
Currently, the stock price is trading below the MA10 (35.58 yuan), MA30 (37.52 yuan), and MA60 (39.37 yuan), placing it in a short-term weak range. The moving average arrangement shows a downward trend, indicating that short-term upward momentum still requires consolidation.
On February 3, $XIAOMI-W (01810.HK)$ The stock closed at 34.6 yuan, with a slight daily decline of 1.31%. The trading volume was 4.925 billion yuan, which was moderate without any significant abnormal expansion or contraction. From a technical indicator perspective, the signals released by various data are relatively clear: Currently, the stock price is trading below the MA10 (35.58 yuan), MA30 (37.52 yuan), and MA60 (39.37 yuan), placing it in a short-term weak range. The moving average arrangement shows a downward trend, indicating that short-term upward momentum still requires consolidation. The RSI indicator is at 31, within the oversold zone but not showing extreme oversold conditions, providing a neutral signal. Similarly, the Williams %R indicator is also within the oversold zone, signaling a buy. The momentum oscillation indicator shows a bottom divergence, giving another buy signal. These combined indicators suggest the possibility of a short-term technical rebound. The MACD indicator gives a sell signal, conflicting somewhat with the oscillation indicators. The Bollinger Bands show a sell signal, while the Ichimoku Cloud remains neutral. Overall, the indicators do not form a single trend, showing noticeable divergence. Yesterday (August 3rd) on our [BOC Guest][Share Link: February 3rd [BOC Guest]: Hang Seng Index, China Mobile, Zijin Mining, Zijin Gold International, Pop Mart, Xiaomi Group]segment, Niki Zhu, Director of BOC International, commented on Xiaomi: the stock price has been falling from around 60 yuan last year, recently breaking through previous lows. The previous low was 34.5 yuan, now reaching as low as 3...
The RSI indicator is at 31, in the oversold zone but without extreme overselling, which is a neutral signal; the Williams %R indicator is also in the oversold range, giving a buy signal; the momentum oscillator shows a bottom divergence, providing another buy signal. These indicators combined suggest the possibility of a short-term technical rebound.
On February 3, $XIAOMI-W (01810.HK)$ The stock closed at 34.6 yuan, with a slight daily decline of 1.31%. The trading volume was 4.925 billion yuan, which was moderate without any significant abnormal expansion or contraction. From a technical indicator perspective, the signals released by various data are relatively clear: Currently, the stock price is trading below the MA10 (35.58 yuan), MA30 (37.52 yuan), and MA60 (39.37 yuan), placing it in a short-term weak range. The moving average arrangement shows a downward trend, indicating that short-term upward momentum still requires consolidation. The RSI indicator is at 31, within the oversold zone but not showing extreme oversold conditions, providing a neutral signal. Similarly, the Williams %R indicator is also within the oversold zone, signaling a buy. The momentum oscillation indicator shows a bottom divergence, giving another buy signal. These combined indicators suggest the possibility of a short-term technical rebound. The MACD indicator gives a sell signal, conflicting somewhat with the oscillation indicators. The Bollinger Bands show a sell signal, while the Ichimoku Cloud remains neutral. Overall, the indicators do not form a single trend, showing noticeable divergence. Yesterday (August 3rd) on our [BOC Guest][Share Link: February 3rd [BOC Guest]: Hang Seng Index, China Mobile, Zijin Mining, Zijin Gold International, Pop Mart, Xiaomi Group]segment, Niki Zhu, Director of BOC International, commented on Xiaomi: the stock price has been falling from around 60 yuan last year, recently breaking through previous lows. The previous low was 34.5 yuan, now reaching as low as 3...
The MACD indicator gives a sell signal, forming some divergence with the oscillators; Bollinger Bands show a sell signal, and Ichimoku Cloud indicates neutrality. Overall, the indicators do not form a single trend, with relatively obvious divergence.
In yesterday’s (3rd) [BOC Guest] session,February 3rd [BOC Guest]: Hang Seng Index, China Mobile, Zijin Mining, Zijin Gold International, Pop Mart, Xiaomi GroupNiki Zhu, Director of BOC International, commented on Xiaomi: The share price has been falling from around 60 yuan last year, recently breaking below the previous low. The previous low was 34.5 yuan, and now it has dropped to around 34.36 yuan. In fact, some auto peers have released last month's sales data, showing that different brands are encountering an issue — January sales have fallen compared to the same period last year. Therefore, the market is paying close attention to the industry situation, questioning whether competition has intensified or whether consumer enthusiasm for new product purchases and sales performance is not particularly ideal. This has also impacted market sentiment towards Xiaomi to some extent. $Hang Seng Index (800000.HK)$$CHINA MOBILE (00941.HK)$$ZIJIN MINING (02899.HK)$$ZIJIN GOLD INTL (02259.HK)$$POP MART (09992.HK)$
On February 3, the performance of similar technology hardware stocks diverged, not following Xiaomi's weakening trend. Let’s review the performance of several key stocks:
1、 $SUNNY OPTICAL (02382.HK)$ : Closed at 60.45 yuan, up 0.75% for the day. Although the stock price remains below MA10 and MA30, the overall technical signal is 'Strong Buy,' with strength as high as 13. The oversold signal is more pronounced than Xiaomi's, indicating a stronger rebound intention.
2、 $LENOVO GROUP (00992.HK)$ : Closed at 9.18 yuan, up 1.55% for the day, with the share price holding firmly above MA10, showing relative strength; RSI is at 48, a neutral level, with an overall neutral signal, no oversold condition, and the trend appears relatively independent.
3、 $AAC TECH (02018.HK)$ : Closed at 37.20 yuan, up 1.81% for the day, with the share price nearing MA10; RSI is at 45, within a healthy range, with an overall buy signal, showing steady upward momentum in the short term and no signs of being oversold.
As of 10:01 AM today (4th), Xiaomi's latest price is 33.98 yuan. Short-term support levels can be watched at 33.8 yuan and 32.1 yuan, with resistance levels at 36.4 yuan and 39 yuan. The focus going forward will be whether the stock can stabilize and form a bottom near 34 yuan.
Review and Selection of Warrants and Bull/Bear Products:
Let's first review the performance of the Xiaomi-related warrant and bull/bear products recommended earlier, providing everyone with a reference:
The four Xiaomi-related products recommended on January 28, 2026, all achieved positive returns two days later: $HSXIAMI@EP2604A.P (22196.HK)$ A 16% increase, $MS#XIAMIRP2812B.P (68998.HK)$ A 15% increase, $UBXIAMI@EP2604A.P (22136.HK)$ An 11% increase, $UB#XIAMIRP2812A.P (69732.HK)$ A 15% increase. During the same period, Xiaomi’s stock price fell by 2.26%, and the product performance met expectations.
On February 3, $XIAOMI-W (01810.HK)$ The stock closed at 34.6 yuan, with a slight daily decline of 1.31%. The trading volume was 4.925 billion yuan, which was moderate without any significant abnormal expansion or contraction. From a technical indicator perspective, the signals released by various data are relatively clear: Currently, the stock price is trading below the MA10 (35.58 yuan), MA30 (37.52 yuan), and MA60 (39.37 yuan), placing it in a short-term weak range. The moving average arrangement shows a downward trend, indicating that short-term upward momentum still requires consolidation. The RSI indicator is at 31, within the oversold zone but not showing extreme oversold conditions, providing a neutral signal. Similarly, the Williams %R indicator is also within the oversold zone, signaling a buy. The momentum oscillation indicator shows a bottom divergence, giving another buy signal. These combined indicators suggest the possibility of a short-term technical rebound. The MACD indicator gives a sell signal, conflicting somewhat with the oscillation indicators. The Bollinger Bands show a sell signal, while the Ichimoku Cloud remains neutral. Overall, the indicators do not form a single trend, showing noticeable divergence. Yesterday (August 3rd) on our [BOC Guest][Share Link: February 3rd [BOC Guest]: Hang Seng Index, China Mobile, Zijin Mining, Zijin Gold International, Pop Mart, Xiaomi Group]segment, Niki Zhu, Director of BOC International, commented on Xiaomi: the stock price has been falling from around 60 yuan last year, recently breaking through previous lows. The previous low was 34.5 yuan, now reaching as low as 3...
Reminder: Warrant and bull/bear products have leverage characteristics and are highly volatile. Investors should choose based on their own risk tolerance, avoid blindly following, and pay attention to position control.
Today’s selection features two Xiaomi warrant products (one call and one put, catering to different trading strategies):
1、 $BIXIAMI@EC2612A.C (13186.HK)$ : Exercise price 37.15 yuan, leverage 3.8x. The key advantage is its relatively ideal leverage and implied volatility, suitable for investors optimistic about Xiaomi's short-term technical rebound.
2、 $HSXIAMI@EP2607A.P (23111.HK)$ : Exercise price 29.86 yuan, leverage 5.2x, with the lowest premium and implied volatility, suitable for investors who are cautious about Xiaomi’s short-term outlook.
On February 3, $XIAOMI-W (01810.HK)$ The stock closed at 34.6 yuan, with a slight daily decline of 1.31%. The trading volume was 4.925 billion yuan, which was moderate without any significant abnormal expansion or contraction. From a technical indicator perspective, the signals released by various data are relatively clear: Currently, the stock price is trading below the MA10 (35.58 yuan), MA30 (37.52 yuan), and MA60 (39.37 yuan), placing it in a short-term weak range. The moving average arrangement shows a downward trend, indicating that short-term upward momentum still requires consolidation. The RSI indicator is at 31, within the oversold zone but not showing extreme oversold conditions, providing a neutral signal. Similarly, the Williams %R indicator is also within the oversold zone, signaling a buy. The momentum oscillation indicator shows a bottom divergence, giving another buy signal. These combined indicators suggest the possibility of a short-term technical rebound. The MACD indicator gives a sell signal, conflicting somewhat with the oscillation indicators. The Bollinger Bands show a sell signal, while the Ichimoku Cloud remains neutral. Overall, the indicators do not form a single trend, showing noticeable divergence. Yesterday (August 3rd) on our [BOC Guest][Share Link: February 3rd [BOC Guest]: Hang Seng Index, China Mobile, Zijin Mining, Zijin Gold International, Pop Mart, Xiaomi Group]segment, Niki Zhu, Director of BOC International, commented on Xiaomi: the stock price has been falling from around 60 yuan last year, recently breaking through previous lows. The previous low was 34.5 yuan, now reaching as low as 3...
On February 3, $XIAOMI-W (01810.HK)$ The stock closed at 34.6 yuan, with a slight daily decline of 1.31%. The trading volume was 4.925 billion yuan, which was moderate without any significant abnormal expansion or contraction. From a technical indicator perspective, the signals released by various data are relatively clear: Currently, the stock price is trading below the MA10 (35.58 yuan), MA30 (37.52 yuan), and MA60 (39.37 yuan), placing it in a short-term weak range. The moving average arrangement shows a downward trend, indicating that short-term upward momentum still requires consolidation. The RSI indicator is at 31, within the oversold zone but not showing extreme oversold conditions, providing a neutral signal. Similarly, the Williams %R indicator is also within the oversold zone, signaling a buy. The momentum oscillation indicator shows a bottom divergence, giving another buy signal. These combined indicators suggest the possibility of a short-term technical rebound. The MACD indicator gives a sell signal, conflicting somewhat with the oscillation indicators. The Bollinger Bands show a sell signal, while the Ichimoku Cloud remains neutral. Overall, the indicators do not form a single trend, showing noticeable divergence. Yesterday (August 3rd) on our [BOC Guest][Share Link: February 3rd [BOC Guest]: Hang Seng Index, China Mobile, Zijin Mining, Zijin Gold International, Pop Mart, Xiaomi Group]segment, Niki Zhu, Director of BOC International, commented on Xiaomi: the stock price has been falling from around 60 yuan last year, recently breaking through previous lows. The previous low was 34.5 yuan, now reaching as low as 3...
For short-term Xiaomi operations, what would you do? A. Hold steady. B. Test with a light position. C. Wait for indicators to clarify. D. Adjust portfolio and switch stocks.
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.
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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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