$CHINA RES POWER (00836.HK)$The decline continued, with a near 10% drop today, hitting a monthly low of 15.94. The structure weakened, breaking below the lower Bollinger Band at 17.28.
According to Y-Model analysis, recent comments have been on the bearish side. On February 9, it was noted that the power sector needed more time and was still in a volatile recovery phase. Huaneng Power International (00902) and China Resources Power (00836). On Monday (14th), further comments highlighted divergence and pressure in the power sector. Stocks 902 and 836 were relatively weak, with 836’s support level continuously declining. Yesterday’s commentary indicated weakening performance.
Technical system analysis shows seven consecutive days of bearish indicators over the last three days, with only one bullish indicator. The RSI value fell from 50.23 to 32.72, reflecting a weaker current trend. The first support is at 15.5, followed by 13.5.
However, the Williams %R indicator stands at 98, indicating an oversold market condition which could potentially bottom out in the short term. If speculating on a rebound, consider call warrants, such as 16150 with low implied volatility; or 21904 with a longer expiration date.
China Resources Power (0836) bull certificates' active trading zone is located at a recovery price of 16. Bear certificates are actively traded around a recovery price of 22. There are no put warrants available, but there is one bear certificate, 52110. $UB#CRPOWRP2211A (52110.HK)$With a rise of 30.9%. There were only five bull certificates, all of which, with recovery prices between 16 and 17.38, have been recovered.
(The above Hong Kong stock information is for reference only. For real-time Y-Model information, please consult...