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How to view the post-holiday market trend in Hong Kong stocks?
港股窩輪Jenny
joined discussion · Feb 9 08:28

[Warrant Perspective] Hang Seng Index tests key support at 26,200 points; trading volume is crucial for stabilization

On February 6, the Hong Kong stock market was generally weak, our [HK Stock Broadcast]February 6th [HK Stocks Podcast] Hang Seng Index, Xiaomi Group, NetEase, China Construction Bank, Li Auto, China Shenhuaalso includes commentary $Hang Seng Index (800000.HK)$
, the Hang Seng Index showed a downward trend that day with a decline of approximately 1.2%, closing at 26,559 points. Trading volume slightly contracted compared to last Thursday (the 5th), with a turnover of about 247.865 billion HKD. $XIAOMI-W (01810.HK)$$NTES-S (09999.HK)$$CCB (00939.HK)$$LI AUTO-W (02015.HK)$$CHINA SHENHUA (01088.HK)$
From a technical perspective, the Hang Seng Index (HSI) has continued to pull back recently, with intraday levels once probing near the 26,200-point mark. Such price action may influence market sentiment. It is normal to see divergence in bullish and bearish views in the market, partly due to market volatility itself, and also related to the different time horizons investors focus on—some prioritize short-term trading, while others analyze from a medium- to long-term perspective. We do not make predictions on market movements; the technical analysis and data provided are for reference only and aim to assist everyone in making decisions based on their own investment styles.
On February 6, the Hong Kong stock market was generally weak, our [HK Stock Broadcast][Share Link: February 6th [HK Stocks Podcast] Hang Seng Index, Xiaomi Group, NetEase, China Construction Bank, Li Auto, China Shenhua]also includes commentary $Hang Seng Index (800000.HK)$ , the Hang Seng Index showed a downward trend that day with a decline of approximately 1.2%, closing at 26,559 points. Trading volume slightly contracted compared to last Thursday (the 5th), with a turnover of about 247.865 billion HKD. $XIAOMI-W (01810.HK)$$NTES-S (09999.HK)$$CCB (00939.HK)$$LI AUTO-W (02015.HK)$$CHINA SHENHUA (01088.HK)$ From a technical perspective, the Hang Seng Index has been continuously correcting recently, once dropping to near 26,200 points during the session. This kind of movement might affect market sentiment. It is normal to see divergence in bullish and bearish views in the market, partly due to market volatility itself, and partly because investors focus on different time horizons—some emphasize short-term trading while others analyze from a medium- to long-term perspective. We do not predict market trends; the provided technical analysis and data are for reference only, aiming to assist everyone in making judgments based on their own investment styles. The RSI for the Hang Seng Index is 47 (neutral signal), the overall technical indicator summary signal is neutral (signal strength 9). Among multiple oscillation indicators, the Williams %R is in an oversold state but overall remains neutral, MACD, CCI...
The HSI RSI is at 47 (neutral signal), and the overall technical indicator summary signal is neutral (signal strength 9). Among several oscillators, the Williams %R is in oversold territory but remains generally neutral, while indicators like MACD and CCI are showing sell signals. The overall technical outlook leans cautious. In terms of support and resistance levels: first support at 26,064 points, second support at 25,472 points. Resistance levels: first resistance at 27,254 points, second resistance at 27,648 points.
On February 6, the Hong Kong stock market was generally weak, our [HK Stock Broadcast][Share Link: February 6th [HK Stocks Podcast] Hang Seng Index, Xiaomi Group, NetEase, China Construction Bank, Li Auto, China Shenhua]also includes commentary $Hang Seng Index (800000.HK)$ , the Hang Seng Index showed a downward trend that day with a decline of approximately 1.2%, closing at 26,559 points. Trading volume slightly contracted compared to last Thursday (the 5th), with a turnover of about 247.865 billion HKD. $XIAOMI-W (01810.HK)$$NTES-S (09999.HK)$$CCB (00939.HK)$$LI AUTO-W (02015.HK)$$CHINA SHENHUA (01088.HK)$ From a technical perspective, the Hang Seng Index has been continuously correcting recently, once dropping to near 26,200 points during the session. This kind of movement might affect market sentiment. It is normal to see divergence in bullish and bearish views in the market, partly due to market volatility itself, and partly because investors focus on different time horizons—some emphasize short-term trading while others analyze from a medium- to long-term perspective. We do not predict market trends; the provided technical analysis and data are for reference only, aiming to assist everyone in making judgments based on their own investment styles. The RSI for the Hang Seng Index is 47 (neutral signal), the overall technical indicator summary signal is neutral (signal strength 9). Among multiple oscillation indicators, the Williams %R is in an oversold state but overall remains neutral, MACD, CCI...
On February 6, major blue-chip stocks in the Hong Kong market generally declined, with technology stocks experiencing relatively significant drops, and some individual stocks showing signs of being oversold. Meanwhile, a few banking stocks bucked the trend and closed higher. Specific technical details are as follows:
1. $TENCENT (00700.HK)$ : Closed at 547.5 HKD (down 1.97%), RSI at 25 indicates oversold conditions, technical signal strongly suggests buying; stock price is below all moving averages, weakening but with potential for a rebound.
2. $BABA-W (09988.HK)$ : Closed at 155.0 HKD (down 2.88%), RSI at 44, technical signal strongly suggests buying; stock price slightly above MA60, short-term moving averages under pressure.
3. $MEITUAN-W (03690.HK)$ : Closed at 91.4 HKD (down 2.56%), RSI at 33 indicates oversold conditions, technical signal strongly suggests buying; stock price below all moving averages, weakening or forming a bottom.
4. $HSBC HOLDINGS (00005.HK)$ : Closed at 134.8 HKD (down 2.67%), RSI at 58, technical signal neutral; stock price near MA10, medium- to long-term trend still strong.
5. $AIA (01299.HK)$ : Closed at 83.5 HKD (down 5.54%), RSI at 47, technical signal strongly suggests buying; stock price slightly above MA60, possible rebound after sharp decline.
6. $HKEX (00388.HK)$ : Closed at 407.6 HKD (down 1.64%), RSI at 39, technical signal strongly suggests buying; stock price below all moving averages, weakening but indicators leaning positive.
7. $CCB (00939.HK)$ : Closed at 7.97 HKD (up 0.63%), RSI at 58, technical signal neutral; stock price above MA10/MA30, short-term momentum strengthening.
8. $PING AN (02318.HK)$ Closed at HKD 69.6 (down 2.18%), RSI 55, technical signal neutral with a slight bias towards buying; stock price is above MA30/MA60, medium- to long-term outlook remains decent.
9. $ICBC (01398.HK)$ Closed at HKD 6.49 (up 0.46%), RSI 60, technical signal neutral; moving averages are in bullish alignment, but overbought risks have been flagged.
10. $CHINA MOBILE (00941.HK)$ Closed at HKD 80.2 (down 0.25%), RSI 49, technical signal neutral; stock price is above MA10 but below MA30/MA60, showing stable movement.
Blue-chip stocks on February 6 showed a pattern of 'general decline with some individual gains.' Investors should focus on two aspects: First, oversold signals in tech stocks—if subsequent trading volume rebounds, attention can be paid based on individual trading cycles. Second, diverging trends in mainland bank stocks—avoid blindly following upward moves and pay close attention to the alignment between moving averages and RSI indicators.
(I) Recent Review of Bull and Bear Warrants
Review of the two Hang Seng Index bull contracts recommended on February 2 (data for reference only):
1. $JP#HSI RC28103.C (66685.HK)$ : Increased by 11% after 2 days, while the Hang Seng Index rose 0.27% during the same period;
2. $UB#HSI RC2811Z.C (65182.HK)$ : Increased by 12% after 2 days, while the Hang Seng Index rose 0.27% during the same period.
On February 6, the Hong Kong stock market was generally weak, our [HK Stock Broadcast][Share Link: February 6th [HK Stocks Podcast] Hang Seng Index, Xiaomi Group, NetEase, China Construction Bank, Li Auto, China Shenhua]also includes commentary $Hang Seng Index (800000.HK)$ , the Hang Seng Index showed a downward trend that day with a decline of approximately 1.2%, closing at 26,559 points. Trading volume slightly contracted compared to last Thursday (the 5th), with a turnover of about 247.865 billion HKD. $XIAOMI-W (01810.HK)$$NTES-S (09999.HK)$$CCB (00939.HK)$$LI AUTO-W (02015.HK)$$CHINA SHENHUA (01088.HK)$ From a technical perspective, the Hang Seng Index has been continuously correcting recently, once dropping to near 26,200 points during the session. This kind of movement might affect market sentiment. It is normal to see divergence in bullish and bearish views in the market, partly due to market volatility itself, and partly because investors focus on different time horizons—some emphasize short-term trading while others analyze from a medium- to long-term perspective. We do not predict market trends; the provided technical analysis and data are for reference only, aiming to assist everyone in making judgments based on their own investment styles. The RSI for the Hang Seng Index is 47 (neutral signal), the overall technical indicator summary signal is neutral (signal strength 9). Among multiple oscillation indicators, the Williams %R is in an oversold state but overall remains neutral, MACD, CCI...
Friendly reminder: Bull and bear warrants carry leverage attributes, leading to significant volatility. Investors need to closely monitor market movements, trade cautiously, and manage risk carefully.
(II) Selected Bull and Bear Warrants (2 items):
Based on the Hang Seng Index trend and technical analysis, two selected warrant products are recommended for investors' reference.
1. $UB-HSI @EC2605B.C (23091.HK)$ : Leverage 13, strike price 28,341; product features include ideal leverage and implied volatility.
2. $BI#HSI RC28081.C (63488.HK)$ : Leverage 25.3, knock-out price 25,595; product features a relatively low premium.
On February 6, the Hong Kong stock market was generally weak, our [HK Stock Broadcast][Share Link: February 6th [HK Stocks Podcast] Hang Seng Index, Xiaomi Group, NetEase, China Construction Bank, Li Auto, China Shenhua]also includes commentary $Hang Seng Index (800000.HK)$ , the Hang Seng Index showed a downward trend that day with a decline of approximately 1.2%, closing at 26,559 points. Trading volume slightly contracted compared to last Thursday (the 5th), with a turnover of about 247.865 billion HKD. $XIAOMI-W (01810.HK)$$NTES-S (09999.HK)$$CCB (00939.HK)$$LI AUTO-W (02015.HK)$$CHINA SHENHUA (01088.HK)$ From a technical perspective, the Hang Seng Index has been continuously correcting recently, once dropping to near 26,200 points during the session. This kind of movement might affect market sentiment. It is normal to see divergence in bullish and bearish views in the market, partly due to market volatility itself, and partly because investors focus on different time horizons—some emphasize short-term trading while others analyze from a medium- to long-term perspective. We do not predict market trends; the provided technical analysis and data are for reference only, aiming to assist everyone in making judgments based on their own investment styles. The RSI for the Hang Seng Index is 47 (neutral signal), the overall technical indicator summary signal is neutral (signal strength 9). Among multiple oscillation indicators, the Williams %R is in an oversold state but overall remains neutral, MACD, CCI...
On February 6, the Hong Kong stock market was generally weak, our [HK Stock Broadcast][Share Link: February 6th [HK Stocks Podcast] Hang Seng Index, Xiaomi Group, NetEase, China Construction Bank, Li Auto, China Shenhua]also includes commentary $Hang Seng Index (800000.HK)$ , the Hang Seng Index showed a downward trend that day with a decline of approximately 1.2%, closing at 26,559 points. Trading volume slightly contracted compared to last Thursday (the 5th), with a turnover of about 247.865 billion HKD. $XIAOMI-W (01810.HK)$$NTES-S (09999.HK)$$CCB (00939.HK)$$LI AUTO-W (02015.HK)$$CHINA SHENHUA (01088.HK)$ From a technical perspective, the Hang Seng Index has been continuously correcting recently, once dropping to near 26,200 points during the session. This kind of movement might affect market sentiment. It is normal to see divergence in bullish and bearish views in the market, partly due to market volatility itself, and partly because investors focus on different time horizons—some emphasize short-term trading while others analyze from a medium- to long-term perspective. We do not predict market trends; the provided technical analysis and data are for reference only, aiming to assist everyone in making judgments based on their own investment styles. The RSI for the Hang Seng Index is 47 (neutral signal), the overall technical indicator summary signal is neutral (signal strength 9). Among multiple oscillation indicators, the Williams %R is in an oversold state but overall remains neutral, MACD, CCI...
Risk Warning:Investors should combine their own market judgment and choose carefully.
In the face of a continued Hang Seng Index pullback, will you choose to hold cash and wait or look for opportunities to position yourself?Come share your thoughts in the comment section.
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 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.
#HongKongStocks #HangSengIndex #RealTimeAnalysis #WarrantsSelection #WarrantsStrategy #DerivativesHedging #HongKongWarrantsJenny #BlueChipStocks #TechStocks #FinancialStocks #TechnicalAnalysis
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
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