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How to view the post-holiday market trend in Hong Kong stocks?
港股窩輪Jenny
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Alibaba's key support level is being tested. How should short-term trading strategies be deployed?

$Hang Seng Index (800000.HK)$ Today’s performance has been sluggish, with technology stocks generally under pressure. As of the midday close, $BABA-W (09988.HK)$ the price was at HKD 155, down 2.27%. From a technical perspective, the stock price is currently at a key technical juncture, testing the 60-day moving average (HKD 155.38) as a support level. The outcome at this price will have an important impact on the short-term trend.
Analysis of the moving average system shows that Alibaba's stock price has consecutively broken below several key moving averages, including MA10 at HKD 159.05 and MA30 at HKD 160.36. In terms of key technical indicators, the RSI is at 45, in a neutral-to-weak range, indicating that selling pressure has been partially released but has not yet entered an extremely oversold state. Notably, the stochastic oscillator has issued a clear 'oversold, buy' signal, suggesting there may be a short-term technical rebound opportunity. The CCI indicator remains in a 'neutral' state, reflecting relatively balanced momentum and no obvious one-sided directional bias.
Support and resistance analysis shows that Alibaba is currently at a key technical level. The first support level is set at HKD 151.10, with the second support level at HKD 142.00, forming critical technical defenses. On the upside, the first resistance level is at HKD 161.80, with the second resistance level at HKD 168.00, which will serve as important barriers during any potential rebound.
From a trading strategy perspective, the area near 155 yuan represents a key technical watershed. If the stock price can find effective support within the 151-155 yuan range, combined with overbought signals from stochastic indicators, there could be a short-term technical rebound towards the resistance range of 161-168 yuan. However, if it breaks below the second support level at 142 yuan, it may trigger a deeper adjustment.
$Hang Seng Index (800000.HK)$ Today’s performance has been sluggish, with technology stocks generally under pressure. As of the midday close, $BABA-W (09988.HK)$ the price was at HKD 155, down 2.27%. From a technical perspective, the stock price is currently at a key technical juncture, testing the 60-day moving average (HKD 155.38) as a support level. The outcome at this price will have an important impact on the short-term trend. Analysis of the moving average system shows that Alibaba's stock price has consecutively broken below several key moving averages, including MA10 at HKD 159.05 and MA30 at HKD 160.36. In terms of key technical indicators, the RSI is at 45, in a neutral-to-weak range, indicating that selling pressure has been partially released but has not yet entered an extremely oversold state. Notably, the stochastic oscillator has issued a clear 'oversold, buy' signal, suggesting there may be a short-term technical rebound opportunity. The CCI indicator remains in a 'neutral' state, reflecting relatively balanced momentum and no obvious one-sided directional bias. Support and resistance analysis shows that Alibaba is currently at a key technical level. The first support level is set at HKD 151.10, with the second support level at HKD 142.00, forming critical technical defenses. On the upside, the first resistance level is at HKD 161.80, with the second resistance level at HKD 168.00, which will serve as important barriers during any potential rebound. From a trading strategy perspective, the area around 155 yuan can be considered important...
$Hang Seng Index (800000.HK)$ Today’s performance has been sluggish, with technology stocks generally under pressure. As of the midday close, $BABA-W (09988.HK)$ the price was at HKD 155, down 2.27%. From a technical perspective, the stock price is currently at a key technical juncture, testing the 60-day moving average (HKD 155.38) as a support level. The outcome at this price will have an important impact on the short-term trend. Analysis of the moving average system shows that Alibaba's stock price has consecutively broken below several key moving averages, including MA10 at HKD 159.05 and MA30 at HKD 160.36. In terms of key technical indicators, the RSI is at 45, in a neutral-to-weak range, indicating that selling pressure has been partially released but has not yet entered an extremely oversold state. Notably, the stochastic oscillator has issued a clear 'oversold, buy' signal, suggesting there may be a short-term technical rebound opportunity. The CCI indicator remains in a 'neutral' state, reflecting relatively balanced momentum and no obvious one-sided directional bias. Support and resistance analysis shows that Alibaba is currently at a key technical level. The first support level is set at HKD 151.10, with the second support level at HKD 142.00, forming critical technical defenses. On the upside, the first resistance level is at HKD 161.80, with the second resistance level at HKD 168.00, which will serve as important barriers during any potential rebound. From a trading strategy perspective, the area around 155 yuan can be considered important...
Product Review:
Following the publication of the article on February 9, 2026, Alibaba's stock price recorded a 1.39% increase over the next two trading days. Meanwhile, the two bull certificates mentioned at the time both delivered significant returns. $JP#ALIBARC2612L.C (55004.HK)$ One recorded a 15% rise within two trading days, while another $UB#ALIBARC2707A.C (54176.HK)$ also performed exceptionally well, recording a 14% increase, far outpacing the performance of the underlying stock during the same period.
$Hang Seng Index (800000.HK)$ Today’s performance has been sluggish, with technology stocks generally under pressure. As of the midday close, $BABA-W (09988.HK)$ the price was at HKD 155, down 2.27%. From a technical perspective, the stock price is currently at a key technical juncture, testing the 60-day moving average (HKD 155.38) as a support level. The outcome at this price will have an important impact on the short-term trend. Analysis of the moving average system shows that Alibaba's stock price has consecutively broken below several key moving averages, including MA10 at HKD 159.05 and MA30 at HKD 160.36. In terms of key technical indicators, the RSI is at 45, in a neutral-to-weak range, indicating that selling pressure has been partially released but has not yet entered an extremely oversold state. Notably, the stochastic oscillator has issued a clear 'oversold, buy' signal, suggesting there may be a short-term technical rebound opportunity. The CCI indicator remains in a 'neutral' state, reflecting relatively balanced momentum and no obvious one-sided directional bias. Support and resistance analysis shows that Alibaba is currently at a key technical level. The first support level is set at HKD 151.10, with the second support level at HKD 142.00, forming critical technical defenses. On the upside, the first resistance level is at HKD 161.80, with the second resistance level at HKD 168.00, which will serve as important barriers during any potential rebound. From a trading strategy perspective, the area around 155 yuan can be considered important...
Product Selection:
Based on Alibaba's current technical trend, the price level near 155 yuan is facing a critical support test. Investors can deploy strategic positions through diversified derivative products. For investors optimistic about the future performance, $UBALIBA@EC2604C.C (29913.HK)$ offers 8.6 times leverage with a strike price of 173.43 yuan. Its relatively low premium makes it suitable for investors expecting the stock price to rebound to the resistance range. Similarly, $HSALIBA@EC2604B.C (20695.HK)$ provides 9 times leverage, with the same strike price of 173.43 yuan, offering investors another bullish choice with a lower premium.
For more cautious investors, $BIALIBA@EP2606B.P (21943.HK)$ Offers 5x leverage with a strike price of 144.9 yuan. This price is close to the second support level of 142 yuan, providing protection against downside risk. $HSALIBA@EP2604D.P (24161.HK)$ Offers higher 9.5x leverage with a strike price of 140.9 yuan. Its premium and implied volatility are the lowest among similar products, providing a cost-effective hedging tool for investors concerned about breaking below the key support level.
For bull certificates, $JP#ALIBARC26119.C (68650.HK)$ Provides 13.6x leverage with a recovery price of 145.8 yuan. This price is slightly above the second support level. With the lowest premium and higher actual leverage, it suits optimistic investors with a higher risk tolerance. $SG#ALIBARC2611B.C (55221.HK)$ Provides even higher 17.2x leverage with a recovery price of 148.5 yuan. The relatively high leverage makes it suitable for aggressive investors expecting the stock price to find support at the current level and rebound.
For bear certificate strategies, $UB#ALIBARP2812G.P (55617.HK)$ Offers 15.5x leverage with a recovery price of 165 yuan. This price is close to the first resistance level. With the lowest premium and higher actual leverage, it suits investors expecting the rebound to stall at the resistance level. $JP#ALIBARP2812J.P (55314.HK)$ Provides 10.9x leverage with a recovery price of 169 yuan, close to the second resistance level. It offers the highest actual leverage and lower premium, serving as a quality bearish tool for investors who expect the stock price to struggle breaking through the key resistance level.
$Hang Seng Index (800000.HK)$ Today’s performance has been sluggish, with technology stocks generally under pressure. As of the midday close, $BABA-W (09988.HK)$ the price was at HKD 155, down 2.27%. From a technical perspective, the stock price is currently at a key technical juncture, testing the 60-day moving average (HKD 155.38) as a support level. The outcome at this price will have an important impact on the short-term trend. Analysis of the moving average system shows that Alibaba's stock price has consecutively broken below several key moving averages, including MA10 at HKD 159.05 and MA30 at HKD 160.36. In terms of key technical indicators, the RSI is at 45, in a neutral-to-weak range, indicating that selling pressure has been partially released but has not yet entered an extremely oversold state. Notably, the stochastic oscillator has issued a clear 'oversold, buy' signal, suggesting there may be a short-term technical rebound opportunity. The CCI indicator remains in a 'neutral' state, reflecting relatively balanced momentum and no obvious one-sided directional bias. Support and resistance analysis shows that Alibaba is currently at a key technical level. The first support level is set at HKD 151.10, with the second support level at HKD 142.00, forming critical technical defenses. On the upside, the first resistance level is at HKD 161.80, with the second resistance level at HKD 168.00, which will serve as important barriers during any potential rebound. From a trading strategy perspective, the area around 155 yuan can be considered important...
Dear professional investors, do you think the key support level at 155 yuan can hold? Under the current technical pattern, would you choose to buy on dips or wait for clearer breakout signals? Feel free to share your trading strategies and market views, and let’s discuss Alibaba's short-term opportunities and risks together.
Don't forget to follow the 'HK Warrants Jenny' account for more real-time technical analysis and derivative product strategies.
Reminder: 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 caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive evaluation of asset performance should combine other data. Trading decisions should not be made solely based on this article. Please note that past performance is not indicative of future results.$Hang Seng TECH Index (800700.HK)$
#Alibaba #TechnicalAnalysis #HongKongStocks #SupportLevel #ResistanceLevel #MovingAverage #LunchMarketAnalysis #ShortTermStrategy #TechStocks #InvestmentOpportunities
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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