[Warrant Perspective] Hang Seng Index 5-day volatility at 5.8%, focus on key support levels for future trends

On February 2, the Hong Kong stock market experienced widespread adjustments, $Hang Seng Index (800000.HK)$

The full-day closing was at 26,775.57 points, a single-day drop of 2.23%, with a trading volume of 347.886 billion yuan. The five-day volatility reached 5.8%.

From the indicators' perspective, the Hang Seng Index RSI is 50, in the neutral zone; the technical indicator summary signal is neutral, with a signal strength of 8; multiple moving averages show buy signals, but several oscillation indicators are neutral, leaving the overall direction unclear.

In terms of support and resistance, the short-term support levels for the Hang Seng Index are 26,180 points and 25,730 points, while the resistance levels are 27,487 points and 27,891 points. Subsequent focus can be placed on the support strength near 26,180 points.

In terms of individual stock performance, all ten key blue-chip stocks closed lower, with declines ranging from 1.01% to 3.49%. Among them, tech stocks (Alibaba, Meituan) and financial stocks (HSBC, Ping An) saw relatively significant adjustments. Technically, some stocks have entered the oversold region, while others remain in a consolidation pattern. The divergence is prominent, and investors can focus on the alignment between indicator signals and support/resistance levels.

1. $TENCENT (00700.HK)$ : Closed at 598.5 yuan (down 1.24%), bearish alignment, RSI 40 (neutral), short-term suppressed by the moving average;

2. $AIA (01299.HK)$ : Closed at 89.05 yuan (down 1.44%), range-bound consolidation, RSI 63 (approaching overbought), composite signal suggests selling;

3. $BABA-W (09988.HK)$ : Closed at 163.3 yuan (down 3.49%), weak trend, RSI 53, technical signal suggests selling;

4. $HSBC HOLDINGS (00005.HK)$ : Closed at 134.7 yuan (down 1.39%), contention near MA10, RSI 65, strong sell signal;

5. $MEITUAN-W (03690.HK)$ : Closed at 94.85 yuan (down 2.42%), pressured below the moving average, RSI 36 (approaching oversold), technical signal suggests buying;

6. $CCB (00939.HK)$ : Closed at 7.83 yuan (down 1.01%), consolidation pattern, RSI 53, technical signal suggests selling, with smaller fluctuations;

7. $PING AN (02318.HK)$ : Closed at 70.7 yuan (down 2.75%), trend is bearish, RSI 59, strong sell signal;

8. $HKEX (00388.HK)$ : Closed at 424.2 yuan (down 1.85%), hovering near the moving average, RSI 49 (neutral), direction unclear;

9. $CHINA MOBILE (00941.HK)$ : Closed at 78 yuan (down 2.26%), broke below MA10, RSI 26 (oversold), strong buy signal;

10. $WUXI BIO (02269.HK)$ : Closed at 35.86 yuan (down 3.08%), showing weak momentum, RSI 47, technical signal indicates buy.

Warrant Bull-Bear Review: Products performed impressively

Reviewing the Hang Seng Index-related warrant bull-bear products recommended on January 27, they performed impressively over the past two trading days, tracking the Hang Seng Index's upward movement and achieving notable gains. Specific review as follows: $UB#HSI RC2809T.C (69166.HK)$ : 2-day increase of 78%, corresponding to a 3.10% rise in the Hang Seng Index over two days. $UB-HSI @EC2605B.C (23091.HK)$ : 2-day increase of 47%, corresponding to a 3.10% rise in the Hang Seng Index over two days. $BI-HSI @EC2605B.C (23128.HK)$ : 2-day increase of 52%, corresponding to a 3.10% rise in the Hang Seng Index over two days. $BI#HSI RC2809Q.C (60501.HK)$ : 2-day increase of 82%, corresponding to a 3.10% rise in the Hang Seng Index over two days.

Reminder: Warrants and bull/bear products have leverage properties, with large fluctuations in gains and losses. Previous profits do not represent future performance. Investors should operate based on their own risk tolerance and proceed within their means.

Selected Warrant Products:

Based on the Hang Seng Index trend and technical signals, two superior warrant products with relatively controllable risks are selected. Key focus areas include premium, leverage, and implied volatility, for technical reference only:

1. $BI-HSI @EC2609A.C (23798.HK)$Core feature: Leverage of 7.1 times, the highest among currently recommended products, while premium and implied volatility are at the lowest levels, offering excellent cost-performance. Strike price: 28,600 points. Suitable for investors optimistic about a short-term rebound in the Hang Seng Index who can tolerate appropriate leverage risk.

2. $UB#HSI RC2811Z.C (65182.HK)$Core feature: Lowest premium, actual leverage as high as 26.8 times, better cost-performance than similar products, recovery price: 25,800 points. Suitable for investors confident in a short-term stabilization and rebound of the Hang Seng Index and experienced in derivatives trading.

The Hang Seng Index is adjusting; do you think it will continue to fluctuate or rebound in the short term? A. Continue to fluctuate. B. Short-term rebound. C. Uncertain.

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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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