[Warrant Perspective] Li Auto shows a short-term bullish bias, but needs to break through resistance to confirm the trend
On February 4, the Hong Kong stock auto sector exhibited a 'divergence among individual stocks, overall slightly warm' trend $LI AUTO-W (02015.HK)$
Became a highlight in the sector, driving market sentiment with a counter-trend rise, while similar stocks performed differently
![On February 4, the Hong Kong stock auto sector exhibited a 'divergence among individual stocks, overall slightly warm' trend $LI AUTO-W (02015.HK)$ Became a highlight in the sector, driving market sentiment with a counter-trend rise, while similar stocks performed differently In our [Hong Kong Stock Broadcast] on the previous day (February 4)[Share Link: February 4th [Hong Kong Stock Podcast] Hang Seng Index, Tencent, Xiaomi Group, Li Auto, China Resources Beer, Li Ning]We discussed Li Auto. On February 4, the stock briefly broke above the upper Bollinger Band on the daily chart, sending a slight positive signal to the market. The rise was accompanied by increased trading volume, prompting investors to inquire whether this indicates a recovery and if it can return to HKD 70. Currently, technical signals are mainly summarized as 'buy,' with slightly more bullish indications. If the upward momentum continues, resistance is located above HKD 70, with the first target at HKD 72.1. A breakout could lead to a test of HKD 73.9. $Hang Seng Index (800000.HK)$$TENCENT (00700.HK)$$XIAOMI-W (01810.HK)$$CHINA RES BEER (00291.HK)$$LI NING (02331.HK)$ From a sector-wide perspective, several auto stocks have their RSI indicators in the 30-40 range, indicating an approach to oversold or mildly oversold conditions. Technical signals generally suggest 'buy,' hinting at the possibility of a technical rebound. However, the strength of the rebound still depends on how individual stocks break through resistance. Multiple stocks in the sector are approaching oversold levels, presenting opportunities for technical rebounds, but distinguishing between strong and weak performers is crucial...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260205/web-1770258746247-w4O4YgAc0P.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
In our [Hong Kong Stock Broadcast] on the previous day (February 4)February 4th [Hong Kong Stock Podcast] Hang Seng Index, Tencent, Xiaomi Group, Li Auto, China Resources Beer, Li NingWe discussed Li Auto. On February 4, the stock briefly broke above the upper Bollinger Band on the daily chart, sending a slight positive signal to the market. The rise was accompanied by increased trading volume, prompting investors to inquire whether this indicates a recovery and if it can return to HKD 70. Currently, technical signals are mainly summarized as 'buy,' with slightly more bullish indications. If the upward momentum continues, resistance is located above HKD 70, with the first target at HKD 72.1. A breakout could lead to a test of HKD 73.9. $Hang Seng Index (800000.HK)$$TENCENT (00700.HK)$$XIAOMI-W (01810.HK)$$CHINA RES BEER (00291.HK)$$LI NING (02331.HK)$
![On February 4, the Hong Kong stock auto sector exhibited a 'divergence among individual stocks, overall slightly warm' trend $LI AUTO-W (02015.HK)$ Became a highlight in the sector, driving market sentiment with a counter-trend rise, while similar stocks performed differently In our [Hong Kong Stock Broadcast] on the previous day (February 4)[Share Link: February 4th [Hong Kong Stock Podcast] Hang Seng Index, Tencent, Xiaomi Group, Li Auto, China Resources Beer, Li Ning]We discussed Li Auto. On February 4, the stock briefly broke above the upper Bollinger Band on the daily chart, sending a slight positive signal to the market. The rise was accompanied by increased trading volume, prompting investors to inquire whether this indicates a recovery and if it can return to HKD 70. Currently, technical signals are mainly summarized as 'buy,' with slightly more bullish indications. If the upward momentum continues, resistance is located above HKD 70, with the first target at HKD 72.1. A breakout could lead to a test of HKD 73.9. $Hang Seng Index (800000.HK)$$TENCENT (00700.HK)$$XIAOMI-W (01810.HK)$$CHINA RES BEER (00291.HK)$$LI NING (02331.HK)$ From a sector-wide perspective, several auto stocks have their RSI indicators in the 30-40 range, indicating an approach to oversold or mildly oversold conditions. Technical signals generally suggest 'buy,' hinting at the possibility of a technical rebound. However, the strength of the rebound still depends on how individual stocks break through resistance. Multiple stocks in the sector are approaching oversold levels, presenting opportunities for technical rebounds, but distinguishing between strong and weak performers is crucial...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260205/web-1770258731456-zjoiV9d4q2.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
From a sector-wide perspective, several auto stocks have their RSI indicators in the 30-40 range, indicating an approach to oversold or mildly oversold conditions. Technical signals generally suggest 'buy,' hinting at the possibility of a technical rebound. However, the strength of the rebound still depends on how individual stocks break through resistance.
Many stocks in the sector are nearing oversold levels, presenting opportunities for technical rebounds, though differentiation between strong and weak stocks is needed. Priority should be given to stocks with good volume support and solid support levels:
1、 $XPENG-W (09868.HK)$ : Closed at HKD 66.55 (slightly down 0.22%), trading below the moving average; RSI 31 (near oversold), technical signal 'strong buy,' holding above HKD 63.3 may trigger a rebound;
2、 $NIO-SW (09866.HK)$ : Closed at HKD 35.60 (down 2.04%), trading below the moving average; technical signal 'buy,' watch support at HKD 34.7 and resistance at HKD 37.4;
3、 $BYD COMPANY (01211.HK)$ : Closed flat at HKD 90.00, RSI 33 (oversold), technical signal 'strong buy,' holding above HKD 86.7 could lead to a rebound towards HKD 96.1;
4、 $GEELY AUTO (00175.HK)$ : Closed at HKD 15.92 (up slightly by 0.57%), trading below MA10; RSI near oversold, technical signal 'strong buy,' breaking above HKD 16.8 could reverse the downtrend.
Review and selection recommendations for CBBCs (Callable Bull/Bear Contracts)
1. Review of previous CBBC performance:
Reviewing the Li Auto-related products recommended on January 29, 2026, as the underlying stock fell by 4.80% over the following two days, the corresponding products achieved solid gains: $JP#LIAUTRP2812A.P (68758.HK)$rose by 18%,$UB#LIAUTRP2705A.P (67911.HK)$ Up 17%, $CILIAUT@EP2609A.P (24225.HK)$ Up 11%, consistent with earlier technical forecasts. Investors are also reminded that warrant products experience significant volatility, and position sizes must be strictly controlled.
![On February 4, the Hong Kong stock auto sector exhibited a 'divergence among individual stocks, overall slightly warm' trend $LI AUTO-W (02015.HK)$ Became a highlight in the sector, driving market sentiment with a counter-trend rise, while similar stocks performed differently In our [Hong Kong Stock Broadcast] on the previous day (February 4)[Share Link: February 4th [Hong Kong Stock Podcast] Hang Seng Index, Tencent, Xiaomi Group, Li Auto, China Resources Beer, Li Ning]We discussed Li Auto. On February 4, the stock briefly broke above the upper Bollinger Band on the daily chart, sending a slight positive signal to the market. The rise was accompanied by increased trading volume, prompting investors to inquire whether this indicates a recovery and if it can return to HKD 70. Currently, technical signals are mainly summarized as 'buy,' with slightly more bullish indications. If the upward momentum continues, resistance is located above HKD 70, with the first target at HKD 72.1. A breakout could lead to a test of HKD 73.9. $Hang Seng Index (800000.HK)$$TENCENT (00700.HK)$$XIAOMI-W (01810.HK)$$CHINA RES BEER (00291.HK)$$LI NING (02331.HK)$ From a sector-wide perspective, several auto stocks have their RSI indicators in the 30-40 range, indicating an approach to oversold or mildly oversold conditions. Technical signals generally suggest 'buy,' hinting at the possibility of a technical rebound. However, the strength of the rebound still depends on how individual stocks break through resistance. Multiple stocks in the sector are approaching oversold levels, presenting opportunities for technical rebounds, but distinguishing between strong and weak performers is crucial...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260205/web-1770258564389-DUCjFgoEw2.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
2. Selected Warrants for Li Auto:
Based on Li Auto's technical trends, two warrant products that align well with the current market rhythm have been selected for technical reference only:
1、 $UBLIAUT@EC2609A.C (24865.HK)$ Actual leverage of 3.3x, strike price at 75.93 yuan, core advantage being low implied volatility and reasonable premium, suitable for investors optimistic about Li Auto breaking through the 73 yuan resistance level and continuing upward; note to track the breakout of the underlying stock’s resistance.
2、 $UB#LIAUTRC2608E.C (54694.HK)$ Actual leverage of 7.1x, recovery price at 63 yuan, with the lowest premium and higher leverage, ideal for short-term investors confident in Li Auto holding steady above the 65 yuan support with a slight rebound; closely monitor the 63 yuan recovery line to avoid forced recovery risk.
![On February 4, the Hong Kong stock auto sector exhibited a 'divergence among individual stocks, overall slightly warm' trend $LI AUTO-W (02015.HK)$ Became a highlight in the sector, driving market sentiment with a counter-trend rise, while similar stocks performed differently In our [Hong Kong Stock Broadcast] on the previous day (February 4)[Share Link: February 4th [Hong Kong Stock Podcast] Hang Seng Index, Tencent, Xiaomi Group, Li Auto, China Resources Beer, Li Ning]We discussed Li Auto. On February 4, the stock briefly broke above the upper Bollinger Band on the daily chart, sending a slight positive signal to the market. The rise was accompanied by increased trading volume, prompting investors to inquire whether this indicates a recovery and if it can return to HKD 70. Currently, technical signals are mainly summarized as 'buy,' with slightly more bullish indications. If the upward momentum continues, resistance is located above HKD 70, with the first target at HKD 72.1. A breakout could lead to a test of HKD 73.9. $Hang Seng Index (800000.HK)$$TENCENT (00700.HK)$$XIAOMI-W (01810.HK)$$CHINA RES BEER (00291.HK)$$LI NING (02331.HK)$ From a sector-wide perspective, several auto stocks have their RSI indicators in the 30-40 range, indicating an approach to oversold or mildly oversold conditions. Technical signals generally suggest 'buy,' hinting at the possibility of a technical rebound. However, the strength of the rebound still depends on how individual stocks break through resistance. Multiple stocks in the sector are approaching oversold levels, presenting opportunities for technical rebounds, but distinguishing between strong and weak performers is crucial...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260205/web-1770258599348-IckkPXmC9N.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
![On February 4, the Hong Kong stock auto sector exhibited a 'divergence among individual stocks, overall slightly warm' trend $LI AUTO-W (02015.HK)$ Became a highlight in the sector, driving market sentiment with a counter-trend rise, while similar stocks performed differently In our [Hong Kong Stock Broadcast] on the previous day (February 4)[Share Link: February 4th [Hong Kong Stock Podcast] Hang Seng Index, Tencent, Xiaomi Group, Li Auto, China Resources Beer, Li Ning]We discussed Li Auto. On February 4, the stock briefly broke above the upper Bollinger Band on the daily chart, sending a slight positive signal to the market. The rise was accompanied by increased trading volume, prompting investors to inquire whether this indicates a recovery and if it can return to HKD 70. Currently, technical signals are mainly summarized as 'buy,' with slightly more bullish indications. If the upward momentum continues, resistance is located above HKD 70, with the first target at HKD 72.1. A breakout could lead to a test of HKD 73.9. $Hang Seng Index (800000.HK)$$TENCENT (00700.HK)$$XIAOMI-W (01810.HK)$$CHINA RES BEER (00291.HK)$$LI NING (02331.HK)$ From a sector-wide perspective, several auto stocks have their RSI indicators in the 30-40 range, indicating an approach to oversold or mildly oversold conditions. Technical signals generally suggest 'buy,' hinting at the possibility of a technical rebound. However, the strength of the rebound still depends on how individual stocks break through resistance. Multiple stocks in the sector are approaching oversold levels, presenting opportunities for technical rebounds, but distinguishing between strong and weak performers is crucial...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260205/web-1770258599350-nUqQG71pTR.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Risk Warning:Higher leverage comes with greater risks; call and put warrants should correspond to the movement of the underlying stock. It is advised to control position size, avoid blindly increasing leverage, and focus on key factors such as strike price, implied volatility, and expiration date.
Technical indicators suggest buying opportunities in the sector. Which auto stock would you prioritize?
A. Li Auto (02015). B. XPeng (09868). C. BYD (01211). D. Not interested for now.
Come to the comment section and share your thoughts! Want to see more analysis? Remember to follow 'HK Stock 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 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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