[Warrant Perspective] Technical signals show a tug-of-war between bulls and bears, with the Hang Seng Index continuing its volatile pattern.
On January 20th, $Hang Seng Index (800000.HK)$
The day closed at 26,487.51 points, down slightly by 0.29% on the day, with a trading volume of 237.766 billion yuan, reflecting a weak and volatile market pattern overall.
From a technical indicator perspective, multiple volatility indicators for the Hang Seng Index were relatively balanced that day. The RSI was at 55, in the neutral zone, while the Williams %R, Stochastic Oscillator, and CCI all gave 'neutral' signals, indicating fierce competition between bulls and bears without forming a clear trend. Meanwhile, indicators like MACD, Bollinger Bands, and ADX issued 'buy' signals, whereas the Ichimoku Cloud showed a 'sell' signal, entangling bullish and bearish signals further and confirming the volatile nature.
![On January 20th, $Hang Seng Index (800000.HK)$ The day closed at 26,487.51 points, down slightly by 0.29% on the day, with a trading volume of 237.766 billion yuan, reflecting a weak and volatile market pattern overall. From a technical indicator perspective, multiple volatility indicators for the Hang Seng Index were relatively balanced that day. The RSI was at 55, in the neutral zone, while the Williams %R, Stochastic Oscillator, and CCI all gave 'neutral' signals, indicating fierce competition between bulls and bears without forming a clear trend. Meanwhile, indicators like MACD, Bollinger Bands, and ADX issued 'buy' signals, whereas the Ichimoku Cloud showed a 'sell' signal, entangling bullish and bearish signals further and confirming the volatile nature. On the previous day (the 20th), during the [BOC Guest Session],[Share Link: January 20th [BOC Guest] Hang Seng Index, Xiaomi, SMIC, Pop Mart, Zijin Mining, Li Ning, Midea]Niki Zhu, Director of BOC International, discussed the Hang Seng Index's performance, which indeed retreated to near 26,300 points, validating market digestion pressure at the key 27,000-point level. After all, the Hang Seng Index quickly retraced its gains within days after surpassing 27,000 points, showing that capital has not consolidated enough to push the index upward continuously. The critical point now is whether it can stabilize above 26,400 points; if it holds, a mild rebound may occur, but if it fails, there’s a high probability of testing support at 25,800 points, with short-term volatility likely to persist. $XIAOMI-W (01810.HK)$$SMIC (00981.HK)$$POP MART (09992.HK)$$ZIJIN MINING (02899.HK)$$LI NING (02331.HK)$$MIDEA GROUP (00300.HK)$ ...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260121/web-1768959147479-U0mD6Ocb4v.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
On the previous day (the 20th), during the [BOC Guest Session],January 20th [BOC Guest] Hang Seng Index, Xiaomi, SMIC, Pop Mart, Zijin Mining, Li Ning, MideaNiki Zhu, Director of BOC International, discussed the Hang Seng Index's performance, which indeed retreated to near 26,300 points, validating market digestion pressure at the key 27,000-point level. After all, the Hang Seng Index quickly retraced its gains within days after surpassing 27,000 points, showing that capital has not consolidated enough to push the index upward continuously. The critical point now is whether it can stabilize above 26,400 points; if it holds, a mild rebound may occur, but if it fails, there’s a high probability of testing support at 25,800 points, with short-term volatility likely to persist. $XIAOMI-W (01810.HK)$$SMIC (00981.HK)$$POP MART (09992.HK)$$ZIJIN MINING (02899.HK)$$LI NING (02331.HK)$$MIDEA GROUP (00300.HK)$
On January 20, the technology sector dragged down the market performance, while the financial sector showed slight support; technical indicators displayed significant divergence:
In terms of technology stocks, $TENCENT (00700.HK)$ Closed at 601.00 yuan, down 1.48%, with the stock price breaking below the MA10, MA30, and MA60 moving averages; RSI at only 42 indicates a neutral-to-weak region, showing clear signs of weakness; $MEITUAN-W (03690.HK)$ Similarly bleak, closing at 97.35 yuan, down 1.17%, also losing support from the three major moving averages, with RSI at 41 further confirming short-term weakness.
Financial stocks showed obvious divergence, $HSBC HOLDINGS (00005.HK)$ Closed at 128.40 yuan, up 1.10%, with the stock price firmly above all major moving averages; however, RSI reached 69, close to overbought levels, resulting in a 'Sell' signal overall; $PING AN (02318.HK)$ Rose by 0.88% to close at 69.00 yuan, similarly holding steady above the moving averages but facing overbought pressure, with the signal also being 'Sell'.
It is worth noting that $HKEX (00388.HK)$ 、 $CHINA MOBILE (00941.HK)$ Issued a 'Buy' signal; China Mobile's RSI dropped to 22, entering the oversold zone, and subsequent rebound momentum can be closely monitored; whereas $AIA (01299.HK)$ 、 $CCB (00939.HK)$ 、 $ICBC (01398.HK)$ Others maintained a 'Neutral' signal, indicating insufficient overall market direction.
Warrant Bull-Bear Review: Put options and bear contracts performed well, but risks should not be ignored.
For derivatives investors, Hang Seng Index-related products positioned at the beginning of this week proved quite profitable. Looking back at the few recommended products on January 16, they all recorded decent gains over the following two trading days, where $UB#HSI RP2802F.P (63330.HK)$ Surging as high as 28%, $BI#HSI RP28033.P (57148.HK)$ Also up 25%; on the put warrant side, $BI-HSI @EP2603C.P (21317.HK)$ rose 13%, $UB-HSI @EP2603C.P (21347.HK)$ Up 11%, perfectly aligning with the Hang Seng Index's downward movement.
Risk Warning: Leveraged products such as CBBCs and warrants have strong leverage attributes, leading to significant fluctuations in gains and losses. Even if short-term profits are made, stop-loss and take-profit strategies must be followed up promptly. Avoid greed and overexposure, preventing being trapped by market reversals.
![On January 20th, $Hang Seng Index (800000.HK)$ The day closed at 26,487.51 points, down slightly by 0.29% on the day, with a trading volume of 237.766 billion yuan, reflecting a weak and volatile market pattern overall. From a technical indicator perspective, multiple volatility indicators for the Hang Seng Index were relatively balanced that day. The RSI was at 55, in the neutral zone, while the Williams %R, Stochastic Oscillator, and CCI all gave 'neutral' signals, indicating fierce competition between bulls and bears without forming a clear trend. Meanwhile, indicators like MACD, Bollinger Bands, and ADX issued 'buy' signals, whereas the Ichimoku Cloud showed a 'sell' signal, entangling bullish and bearish signals further and confirming the volatile nature. On the previous day (the 20th), during the [BOC Guest Session],[Share Link: January 20th [BOC Guest] Hang Seng Index, Xiaomi, SMIC, Pop Mart, Zijin Mining, Li Ning, Midea]Niki Zhu, Director of BOC International, discussed the Hang Seng Index's performance, which indeed retreated to near 26,300 points, validating market digestion pressure at the key 27,000-point level. After all, the Hang Seng Index quickly retraced its gains within days after surpassing 27,000 points, showing that capital has not consolidated enough to push the index upward continuously. The critical point now is whether it can stabilize above 26,400 points; if it holds, a mild rebound may occur, but if it fails, there’s a high probability of testing support at 25,800 points, with short-term volatility likely to persist. $XIAOMI-W (01810.HK)$$SMIC (00981.HK)$$POP MART (09992.HK)$$ZIJIN MINING (02899.HK)$$LI NING (02331.HK)$$MIDEA GROUP (00300.HK)$ ...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260121/web-1768959326923-3HXnM4pTnO.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Featured Products: Focus on Low Premium and Suitable Leverage
Considering the current neutral volatile pattern, two distinct products are selected for your reference:
1. $JP-HSI @EC2603A.C (21186.HK)$ : Corresponding to the Hang Seng Index, with a leverage of 19.4 times and an exercise price of 28,600 points. The core advantage lies in its premium and implied volatility being among the lowest levels of similar products, making it suitable for investors who are optimistic about a rebound in the Hang Seng Index and prefer steady attributes.
2. $BI#HSI RP2801L.P (60163.HK)$ : Corresponding to the Hang Seng Index, with a leverage of 25.5 times and a recovery price of 27,488 points. The leverage level is relatively high, suitable for investors who anticipate continued volatility and decline in the Hang Seng Index and can withstand high fluctuations.
![On January 20th, $Hang Seng Index (800000.HK)$ The day closed at 26,487.51 points, down slightly by 0.29% on the day, with a trading volume of 237.766 billion yuan, reflecting a weak and volatile market pattern overall. From a technical indicator perspective, multiple volatility indicators for the Hang Seng Index were relatively balanced that day. The RSI was at 55, in the neutral zone, while the Williams %R, Stochastic Oscillator, and CCI all gave 'neutral' signals, indicating fierce competition between bulls and bears without forming a clear trend. Meanwhile, indicators like MACD, Bollinger Bands, and ADX issued 'buy' signals, whereas the Ichimoku Cloud showed a 'sell' signal, entangling bullish and bearish signals further and confirming the volatile nature. On the previous day (the 20th), during the [BOC Guest Session],[Share Link: January 20th [BOC Guest] Hang Seng Index, Xiaomi, SMIC, Pop Mart, Zijin Mining, Li Ning, Midea]Niki Zhu, Director of BOC International, discussed the Hang Seng Index's performance, which indeed retreated to near 26,300 points, validating market digestion pressure at the key 27,000-point level. After all, the Hang Seng Index quickly retraced its gains within days after surpassing 27,000 points, showing that capital has not consolidated enough to push the index upward continuously. The critical point now is whether it can stabilize above 26,400 points; if it holds, a mild rebound may occur, but if it fails, there’s a high probability of testing support at 25,800 points, with short-term volatility likely to persist. $XIAOMI-W (01810.HK)$$SMIC (00981.HK)$$POP MART (09992.HK)$$ZIJIN MINING (02899.HK)$$LI NING (02331.HK)$$MIDEA GROUP (00300.HK)$ ...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260121/web-1768959360209-HQy767qiDT.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
![On January 20th, $Hang Seng Index (800000.HK)$ The day closed at 26,487.51 points, down slightly by 0.29% on the day, with a trading volume of 237.766 billion yuan, reflecting a weak and volatile market pattern overall. From a technical indicator perspective, multiple volatility indicators for the Hang Seng Index were relatively balanced that day. The RSI was at 55, in the neutral zone, while the Williams %R, Stochastic Oscillator, and CCI all gave 'neutral' signals, indicating fierce competition between bulls and bears without forming a clear trend. Meanwhile, indicators like MACD, Bollinger Bands, and ADX issued 'buy' signals, whereas the Ichimoku Cloud showed a 'sell' signal, entangling bullish and bearish signals further and confirming the volatile nature. On the previous day (the 20th), during the [BOC Guest Session],[Share Link: January 20th [BOC Guest] Hang Seng Index, Xiaomi, SMIC, Pop Mart, Zijin Mining, Li Ning, Midea]Niki Zhu, Director of BOC International, discussed the Hang Seng Index's performance, which indeed retreated to near 26,300 points, validating market digestion pressure at the key 27,000-point level. After all, the Hang Seng Index quickly retraced its gains within days after surpassing 27,000 points, showing that capital has not consolidated enough to push the index upward continuously. The critical point now is whether it can stabilize above 26,400 points; if it holds, a mild rebound may occur, but if it fails, there’s a high probability of testing support at 25,800 points, with short-term volatility likely to persist. $XIAOMI-W (01810.HK)$$SMIC (00981.HK)$$POP MART (09992.HK)$$ZIJIN MINING (02899.HK)$$LI NING (02331.HK)$$MIDEA GROUP (00300.HK)$ ...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260121/web-1768959360213-Cs7SNW30Oz.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Do you think the Hang Seng Index can hold above 26,400 points? A. Definitely, strong support; B. It's uncertain, likely testing 25,800 points; C. Hard to say, let's wait and see. Among today's blue chips, which one do you pay most attention to?Come to the comment section and share your thoughts. Want to see more analysis? Remember to follow 'HK 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 shall not be liable for any loss or damage arising from reliance on the information in this article. Technical analysis merely indicates whether certain technical conditions are met; a comprehensive evaluation of asset performance should incorporate additional data. Trading decisions should not be based solely on the content of this article. Please note that past performance is not indicative of future results.
#Hong Kong Stocks #Hang Seng Index #Real-time Analysis #Warrant Picks #Warrant Strategy #Derivatives Hedging #HK Warrants Jenny #Tencent #Fintech Sector #Technical Analysis
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
Comment (1)
to post a comment
1