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港股窩輪Jenny
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UBS Group lowers China Mobile's target price to HKD 81: Second resistance level linked to major broker sentiment

As of February 13, 2026, China Mobile (00941) shares are trading at HKD 78, showing a narrow consolidation pattern. Observing market news, there is a clear divergence in the views of leading brokers: Nomura reiterated its 'Buy' rating on February 11, believing that despite intensifying industry competition, China Mobile still holds defensive advantages. However, UBS downgraded its rating to 'Neutral' on February 8, slashing the target price significantly to HKD 81, stating that the stock lacks catalysts for revaluation, with earnings growth expected to be only 2-3% in 2025-2026 and a dividend yield of 7-8% already fully priced into the share value. Amidst the debate between 'high dividend' and 'low growth,' the alignment of technical levels with derivatives terms will be key to short-term trading decisions.
Technical Analysis and Key Levels
Technical data from February 13 shows that China Mobile exhibits a clear coexistence of 'bottom-building signals' and 'moving average suppression.' The share price closed at HKD 78.1, below the MA10 (HKD 78.79), MA30 (HKD 79.82), and MA60 (HKD 82.61), with the moving average system indicating a bearish trend. However, several oscillation indicators have signaled strong bottom signals: RSI at 42, within a neutral-to-oversold range; CCI indicator in oversold territory issuing a buy signal; VR volume ratio indicator showing 'severe oversold conditions, potential bottom formation,' with a clear buy signal. Technical indicators summarize as 'Buy' with strength 10, reflecting accumulating short-term rebound momentum.
On the support side, the first support level is seen at HKD 76.5, which corresponds to the low tested twice in early February, also close to the pivot point support level of HKD 78.18 shown by Investing.com data on February 9, just below the round-number threshold; the second support level is HKD 74.7, corresponding to the critical support zone listed in the February 13 data.On the resistance side, the first resistance level is HKD 79.9, which is near the pressure around MA10 and the high point of the February 12 rebound; the second resistance level at HKD 81.5 is close to UBS Group's latest target price of HKD 81, serving as a watershed for whether the short-term trend can reverse.
As of February 13, 2026, China Mobile (00941) shares are trading at HKD 78, showing a narrow consolidation pattern. Observing market news, there is a clear divergence in the views of leading brokers: Nomura reiterated its 'Buy' rating on February 11, believing that despite intensifying industry competition, China Mobile still holds defensive advantages. However, UBS downgraded its rating to 'Neutral' on February 8, slashing the target price significantly to HKD 81, stating that the stock lacks catalysts for revaluation, with earnings growth expected to be only 2-3% in 2025-2026 and a dividend yield of 7-8% already fully priced into the share value. Amidst the debate between 'high dividend' and 'low growth,' the alignment of technical levels with derivatives terms will be key to short-term trading decisions. Technical Analysis and Key Levels Technical data from February 13 shows that China Mobile exhibits a clear coexistence of 'bottom-building signals' and 'moving average suppression.' The share price closed at HKD 78.1, below the MA10 (HKD 78.79), MA30 (HKD 79.82), and MA60 (HKD 82.61), with the moving average system indicating a bearish trend. However, several oscillation indicators have signaled strong bottom signals: RSI at 42, within a neutral-to-oversold range; CCI indicator in oversold territory issuing a buy signal; VR volume ratio indicator showing 'severe oversold conditions, potential bottom formation,' with a clear buy signal. Technical indicators summarize as 'Buy' with strength 10, reflecting accumulating short-term rebound momentum. On the support side, the first support level is seen at HKD 76.5, which corresponds to the low tested twice in early February...
Review of Warrants and Analysis of Bull-Bear Certificate Advantages
Reviewing the BOC put warrant 21625 mentioned on February 11, it recorded a 7% gain over the next two trading days while the underlying stock fell by 0.45%. This set of data clearly demonstrates the tracking efficiency of warrants—the absolute proportion of the put warrant’s increase was higher than the decline of the underlying stock, precisely reflecting the leverage characteristic. $BI-CMOB@EP2604A.P (21625.HK)$
As of February 13, 2026, China Mobile (00941) shares are trading at HKD 78, showing a narrow consolidation pattern. Observing market news, there is a clear divergence in the views of leading brokers: Nomura reiterated its 'Buy' rating on February 11, believing that despite intensifying industry competition, China Mobile still holds defensive advantages. However, UBS downgraded its rating to 'Neutral' on February 8, slashing the target price significantly to HKD 81, stating that the stock lacks catalysts for revaluation, with earnings growth expected to be only 2-3% in 2025-2026 and a dividend yield of 7-8% already fully priced into the share value. Amidst the debate between 'high dividend' and 'low growth,' the alignment of technical levels with derivatives terms will be key to short-term trading decisions. Technical Analysis and Key Levels Technical data from February 13 shows that China Mobile exhibits a clear coexistence of 'bottom-building signals' and 'moving average suppression.' The share price closed at HKD 78.1, below the MA10 (HKD 78.79), MA30 (HKD 79.82), and MA60 (HKD 82.61), with the moving average system indicating a bearish trend. However, several oscillation indicators have signaled strong bottom signals: RSI at 42, within a neutral-to-oversold range; CCI indicator in oversold territory issuing a buy signal; VR volume ratio indicator showing 'severe oversold conditions, potential bottom formation,' with a clear buy signal. Technical indicators summarize as 'Buy' with strength 10, reflecting accumulating short-term rebound momentum. On the support side, the first support level is seen at HKD 76.5, which corresponds to the low tested twice in early February...
Current Product Deployment Strategy
Based on the first support level at 76.5 yuan and the first resistance level at 79.9 yuan, those optimistic about a rebound may consider medium-distance bull certificates. UBS Group bull certificate 63412 has a recovery price of 72 yuan with the lowest premium and an actual leverage of 16.3 times; Bank of China bull certificate 65773 $BI#C MOBRC2609A.C (65773.HK)$ has a recovery price of 72.88 yuan and an actual leverage of 14.5 times. The recovery prices of both are below the second support level of 74.7 yuan, providing a buffer zone of approximately 5.6 to 6.1 yuan, effectively reducing the risk of being forcibly recovered in a volatile market. For call warrants, Bank of China call warrant 24413 $BI-CMOB@EC2609A.C (24413.HK)$ and UBS Group call warrant 24989 $UB-CMOB@EC2609A.C (24989.HK)$ have exercise prices of 88.88 yuan and 88.93 yuan respectively, much higher than the second resistance level of 81.5 yuan. Their leverage reaches 11.7 times and 10.7 times respectively, with implied volatility among the lower levels in similar products, making them suitable for capturing a rebound wave that breaks through 79.9 yuan and pushes towards 81.5 yuan.
For bearish positions, Huatai put warrant 22002 has an exercise price of 70.9 yuan, corresponding to below the second support level of 74.7 yuan, with a leverage of 12.3 times and the lowest implied volatility among similar products. If the stock price falls below the 76.5 yuan threshold, the leverage effect of these out-of-the-money put warrants will accelerate price movement. Among bear certificates, UBS Group bear certificate 59825 $UB#C MOBRP2604F.P (59825.HK)$ and HSBC bear certificate 60561 $HS#C MOBRP2712A.P (60561.HK)$ have recovery prices of 90 yuan, the lowest premium, with actual leverage reaching 6.3 times and 4.6 times respectively. Both have recovery prices far above the second resistance level of 81.5 yuan, maintaining sufficient buffer space, making them suitable for investors who believe the stock price will be constrained by resistance and continue range-bound consolidation.
As of February 13, 2026, China Mobile (00941) shares are trading at HKD 78, showing a narrow consolidation pattern. Observing market news, there is a clear divergence in the views of leading brokers: Nomura reiterated its 'Buy' rating on February 11, believing that despite intensifying industry competition, China Mobile still holds defensive advantages. However, UBS downgraded its rating to 'Neutral' on February 8, slashing the target price significantly to HKD 81, stating that the stock lacks catalysts for revaluation, with earnings growth expected to be only 2-3% in 2025-2026 and a dividend yield of 7-8% already fully priced into the share value. Amidst the debate between 'high dividend' and 'low growth,' the alignment of technical levels with derivatives terms will be key to short-term trading decisions. Technical Analysis and Key Levels Technical data from February 13 shows that China Mobile exhibits a clear coexistence of 'bottom-building signals' and 'moving average suppression.' The share price closed at HKD 78.1, below the MA10 (HKD 78.79), MA30 (HKD 79.82), and MA60 (HKD 82.61), with the moving average system indicating a bearish trend. However, several oscillation indicators have signaled strong bottom signals: RSI at 42, within a neutral-to-oversold range; CCI indicator in oversold territory issuing a buy signal; VR volume ratio indicator showing 'severe oversold conditions, potential bottom formation,' with a clear buy signal. Technical indicators summarize as 'Buy' with strength 10, reflecting accumulating short-term rebound momentum. On the support side, the first support level is seen at HKD 76.5, which corresponds to the low tested twice in early February...
Interactive Questions:
1. What do you think about China Mobile's short-term trend?
A. First retest the 76.5 yuan support level
B. First rebound to challenge the 79.9 yuan resistance level
C. Trading narrowly around 78 yuan
Friendly reminder: 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 combine other data and should not solely rely on this article to make trading decisions. Please note that past performance is not indicative of future results. Follow Jenny's insights on Hong Kong stock warrants for more professional analysis.
#ChinaMobileStockPrice #TechnicalAnalysis #SupportResistanceLevels #Options #BullBearContracts #ImpliedVolatility #UBS_BullContract63412 #BOC_CallWarrant24413 #Huatai_PutWarrant22002 #UBS_BearContract59825
$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Enterprises Index (800100.HK)$
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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