China Resources Power (00836) dropped 10%, bull certificates wiped out

$CHINA RES POWER (00836.HK)$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 the Y-Model analysis, recent commentary has been relatively muted. On February 9, the electricity sector was advised to wait a bit longer as it is still in a volatile recovery phase. Huaneng Power International (00902) and China Resources Power (00836) were mentioned. On Monday (14th), the electricity sector was again noted to be under pressure due to divergence.Stocks 902 and 836 have shown relative weakness. The support level for 836 continues to decline. Yesterday's review pointed out that it had weakened.

Technical system analysis indicates that for three consecutive days, there have been seven bearish indicators over a 7-day period, with only one bullish indicator. The RSI value dropped from 50.23 to 32.72, indicating that the current trend is weak. The first support level is at 15.5, followed by 13.5.

However, the Williams %R indicator stands at 98, signaling that the market is oversold and could potentially bottom out in the short term.If speculating on a rebound, consider call warrants, such as 16150, which has low implied volatility, or 21904, which has a longer expiration date.

The active trading zone for bull contracts of China Resources Power (0836) is located at a recovery price of 16; the active trading zone for bear contracts is at a recovery price of 22. There are currently no put warrants, but there is one bear contract, numbered 52110.$UB#CRPOWRP2211A (52110.HK)$This represents an increase of 30.9%. There are only five bull contracts, all of which, with recovery prices ranging from 16 to 17.38, have been recovered.

(The above Hong Kong stock information is for reference only; for real-time information on the Y-Model, please inquire for further details.)

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