[Warrant Perspective] Hang Seng Index Short-term Support at 25,900; Analysis of Timing for High-leverage Bull and Bear Warrants
On January 21st, $Hang Seng Index (800000.HK)$
The index closed at 26,585.06 points, up 0.37% on the day, with a 5-day volatility of 3.2%, and a turnover of 250.451 billion yuan. From a technical indicator perspective, multiple oscillation indicators collectively gave 8 buy signals and 6 sell signals, with "buy" signals slightly dominating, indicating an overall positive bias.
![On January 21st, $Hang Seng Index (800000.HK)$ The index closed at 26,585.06 points, up 0.37% on the day, with a 5-day volatility of 3.2%, and a turnover of 250.451 billion yuan. From a technical indicator perspective, multiple oscillation indicators collectively gave 8 buy signals and 6 sell signals, with "buy" signals slightly dominating, indicating an overall positive bias. We 【HK Stock Report】[Share Link: January 21 [Hong Kong Stock Podcast] Hang Seng Index, Bilibili, Sunny Optical, Baidu, Shandong Gold, CNOOC]According to data analysis, the short-term trend of the Hang Seng Index is slightly positive, with support around 25,900 points. If you want to buy bull warrants, choosing products with a recovery price below 25,900 points would be relatively safe. You might even consider products closer to 25,600 points; although the leverage of these products will be slightly lower, most products in the market at levels like 25,600, 25,500, or 25,400 points have leverage ranging from 22x to 24x, which isn't low. Moreover, if you can select products with a farther recovery price while maintaining similar leverage, they offer stronger risk-avoidance capability and higher direct betting rates, minimizing the chance of hitting the recovery price. This is why we often use support levels, secondary support levels, or resistance levels as the basis for selecting products. Currently, the Hang Seng Index's primary support level is at 25,965 points, secondary support at 25,659 points, and resistance levels are seen at 27,036 and 27,506 points, making the short-term trading range relatively clear....](https://nnqimage.futunn.com/sns_client_feed/1162342/20260122/web-1769044262444-TdeNdv2K1f.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
We 【HK Stock Report】January 21 [Hong Kong Stock Podcast] Hang Seng Index, Bilibili, Sunny Optical, Baidu, Shandong Gold, CNOOCAccording to data analysis, the short-term trend of the Hang Seng Index is slightly positive, with support around 25,900 points. If you want to buy bull warrants, choosing products with a recovery price below 25,900 points would be relatively safe. You might even consider products closer to 25,600 points; although the leverage of these products will be slightly lower, most products in the market at levels like 25,600, 25,500, or 25,400 points have leverage ranging from 22x to 24x, which isn't low. Moreover, if you can select products with a farther recovery price while maintaining similar leverage, they offer stronger risk-avoidance capability and higher direct betting rates, minimizing the chance of hitting the recovery price. This is why we often use support levels, secondary support levels, or resistance levels as the basis for selecting products. Currently, the Hang Seng Index's primary support level is at 25,965 points, secondary support at 25,659 points, and resistance levels are seen at 27,036 and 27,506 points, making the short-term trading range relatively clear. $BILIBILI-W (09626.HK)$$SUNNY OPTICAL (02382.HK)$$BIDU-SW (09888.HK)$$SD GOLD (01787.HK)$$CNOOC (00883.HK)$
On January 21, blue-chip stocks showed divergence in performance: tech stocks performed relatively well, while financial stocks mostly softened. Technical indicator signals displayed noticeable divisions and can be categorized into three types:
Strong buy-rated stocks: $XIAOMI-W (01810.HK)$ Closed at 35.42 yuan, down slightly by 0.17% on the day and below key moving averages MA10 and MA30. However, the RSI at 24 indicates oversold conditions, and the Williams %R indicator issued an oversold buy signal. The overall technical summary suggests a 'strong buy' with high strength of 12, implying a strong expectation of a rebound from oversold levels. $MEITUAN-W (03690.HK)$ Meituan and Sunny Optical (02382) also gave 'buy' signals. Meituan’s RSI at 40 appears slightly weak but Williams %R indicates oversold conditions. Sunny Optical's stock price approached MA10, and the CCI indicator suggests an oversold bottoming-out formation.
Stocks with conflicting signals: $CCB (00939.HK)$ 、 $HKEX (00388.HK)$ Indicators show contradictory signals. CCB closed at 7.67 yuan, down 1.16% for the day, with a moving average signal of 'strong buy' but MACD issuing a sell signal, indicating insufficient short-term momentum; HKEX closed at 427.4 yuan, with the price above MA30, oscillation indicators neutral but moving average signaling sell, showing intense tug-of-war between bulls and bears. $AIA (01299.HK)$ Technical summary signals are 'neutral', with clear divergence across various indicators, reflecting cautious market sentiment.
Stocks with weak signals: $HSBC HOLDINGS (00005.HK)$ 、 $PING AN (02318.HK)$ Technical aspects relatively under pressure. HSBC closed at 128.2 yuan, with RSI at 69 nearing overbought territory, moving average signal 'strong sell', facing significant upward resistance; Ping An closed at 68.5 yuan, below MA10, Bollinger Bands and moving averages both issuing sell signals, with a weaker short-term trend.
Review and Highlights of Warrants & Bull-Bear Products: High-leverage products in focus
Reviewing the Hang Seng Index warrants and bull-bear products recommended on January 16th, amid a 1.33% drop in the underlying stock over two days, bear certificates and put warrants saw notable gains. $UB#HSI RP2802F.P (63330.HK)$ Up 28% over two days, $BI#HSI RP28033.P (57148.HK)$ Up 25%, in terms of put warrants $BI-HSI @EP2603C.P (21317.HK)$ 、 $UB-HSI @EP2603C.P (21347.HK)$ Rising 13% and 11% respectively, highlighting the hedging attribute of derivatives during market adjustments.
![On January 21st, $Hang Seng Index (800000.HK)$ The index closed at 26,585.06 points, up 0.37% on the day, with a 5-day volatility of 3.2%, and a turnover of 250.451 billion yuan. From a technical indicator perspective, multiple oscillation indicators collectively gave 8 buy signals and 6 sell signals, with "buy" signals slightly dominating, indicating an overall positive bias. We 【HK Stock Report】[Share Link: January 21 [Hong Kong Stock Podcast] Hang Seng Index, Bilibili, Sunny Optical, Baidu, Shandong Gold, CNOOC]According to data analysis, the short-term trend of the Hang Seng Index is slightly positive, with support around 25,900 points. If you want to buy bull warrants, choosing products with a recovery price below 25,900 points would be relatively safe. You might even consider products closer to 25,600 points; although the leverage of these products will be slightly lower, most products in the market at levels like 25,600, 25,500, or 25,400 points have leverage ranging from 22x to 24x, which isn't low. Moreover, if you can select products with a farther recovery price while maintaining similar leverage, they offer stronger risk-avoidance capability and higher direct betting rates, minimizing the chance of hitting the recovery price. This is why we often use support levels, secondary support levels, or resistance levels as the basis for selecting products. Currently, the Hang Seng Index's primary support level is at 25,965 points, secondary support at 25,659 points, and resistance levels are seen at 27,036 and 27,506 points, making the short-term trading range relatively clear....](https://nnqimage.futunn.com/sns_client_feed/1162342/20260122/web-1769044462751-D8g0sUtXmW.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Risk Warning: Warrants and callable bull/bear contracts carry strong leverage characteristics; returns and risks coexist, requiring strict position control.
Based on the current Hang Seng Index trend, two high-value products are selected for reference:
$BI#HSI RC28081.C (63488.HK)$ With a leverage of 24.2 times and a call price at 25,595 points, it has relatively low premium, corresponding to the support level of 25,900 points for the Hang Seng Index, offering strong risk-aversion capabilities; $BI#HSI RP28036.P (60082.HK)$ With an actual leverage of 24.8 times and a call price at 27,588 points, it also has a lower premium, suitable for investors concerned about upward resistance in the Hang Seng Index. Both products have reasonable leverage levels that align with the current market volatility.
![On January 21st, $Hang Seng Index (800000.HK)$ The index closed at 26,585.06 points, up 0.37% on the day, with a 5-day volatility of 3.2%, and a turnover of 250.451 billion yuan. From a technical indicator perspective, multiple oscillation indicators collectively gave 8 buy signals and 6 sell signals, with "buy" signals slightly dominating, indicating an overall positive bias. We 【HK Stock Report】[Share Link: January 21 [Hong Kong Stock Podcast] Hang Seng Index, Bilibili, Sunny Optical, Baidu, Shandong Gold, CNOOC]According to data analysis, the short-term trend of the Hang Seng Index is slightly positive, with support around 25,900 points. If you want to buy bull warrants, choosing products with a recovery price below 25,900 points would be relatively safe. You might even consider products closer to 25,600 points; although the leverage of these products will be slightly lower, most products in the market at levels like 25,600, 25,500, or 25,400 points have leverage ranging from 22x to 24x, which isn't low. Moreover, if you can select products with a farther recovery price while maintaining similar leverage, they offer stronger risk-avoidance capability and higher direct betting rates, minimizing the chance of hitting the recovery price. This is why we often use support levels, secondary support levels, or resistance levels as the basis for selecting products. Currently, the Hang Seng Index's primary support level is at 25,965 points, secondary support at 25,659 points, and resistance levels are seen at 27,036 and 27,506 points, making the short-term trading range relatively clear....](https://nnqimage.futunn.com/sns_client_feed/1162342/20260122/web-1769044633584-BEQfmL0Cz1.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
![On January 21st, $Hang Seng Index (800000.HK)$ The index closed at 26,585.06 points, up 0.37% on the day, with a 5-day volatility of 3.2%, and a turnover of 250.451 billion yuan. From a technical indicator perspective, multiple oscillation indicators collectively gave 8 buy signals and 6 sell signals, with "buy" signals slightly dominating, indicating an overall positive bias. We 【HK Stock Report】[Share Link: January 21 [Hong Kong Stock Podcast] Hang Seng Index, Bilibili, Sunny Optical, Baidu, Shandong Gold, CNOOC]According to data analysis, the short-term trend of the Hang Seng Index is slightly positive, with support around 25,900 points. If you want to buy bull warrants, choosing products with a recovery price below 25,900 points would be relatively safe. You might even consider products closer to 25,600 points; although the leverage of these products will be slightly lower, most products in the market at levels like 25,600, 25,500, or 25,400 points have leverage ranging from 22x to 24x, which isn't low. Moreover, if you can select products with a farther recovery price while maintaining similar leverage, they offer stronger risk-avoidance capability and higher direct betting rates, minimizing the chance of hitting the recovery price. This is why we often use support levels, secondary support levels, or resistance levels as the basis for selecting products. Currently, the Hang Seng Index's primary support level is at 25,965 points, secondary support at 25,659 points, and resistance levels are seen at 27,036 and 27,506 points, making the short-term trading range relatively clear....](https://nnqimage.futunn.com/sns_client_feed/1162342/20260122/web-1769044643649-IMd8EA4qD2.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
If you want to deploy the Hang Seng Index, which would you prefer: A) Bottom-fishing for a rebound, choose bull contracts. B) Betting on a pullback from highs, choose bear contracts. C) Wait until the direction becomes clear before taking action.For more analysis, be sure to follow Jenny's daily updates on "HK Stock Warrants"!
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.
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