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How to view the post-holiday market trend in Hong Kong stocks?
港股窩輪Jenny
joined discussion · Feb 24 10:11

[Warrant Perspective] Tech Index Shows Buy Signal; Surge in Trading Volume Key to Sustained Rebound

On February 23, the technology sector collectively rose. $Hang Seng TECH Index (800700.HK)$
The closing price was 5385.35 points, a single-day increase of 3.34%, with a trading volume of 46.832 billion yuan and a 5-day volatility of 4.9%. Based on indicators, the RSI for the tech index is at 40, and the technical indicator summary signal shows a buy (strength 10). The overall evaluation suggests possible bottoming after overselling, with a buy signal appearing.
On February 23, the technology sector collectively rose. $Hang Seng TECH Index (800700.HK)$ The closing price was 5385.35 points, a single-day increase of 3.34%, with a trading volume of 46.832 billion yuan and a 5-day volatility of 4.9%. Based on indicators, the RSI for the tech index is at 40, and the technical indicator summary signal shows a buy (strength 10). The overall evaluation suggests possible bottoming after overselling, with a buy signal appearing. Notably, the current support levels for the tech index are 5227 points and 5021 points, while resistance levels are at 5595 points and 5750 points. Whether it can break through these resistance levels and sustain an increase in trading volume will be crucial in determining the continuation of the rebound. Although indicators currently lean bullish, it's not yet time to let down our guard. On February 23, core technology stocks all rose, with several showing strong buy signals. Combining technical indicators, we analyze them one by one: 1、 $TENCENT (00700.HK)$ : Closing price 538.00 yuan, a single-day rise of 3.07%; stock price below MA10, MA30, and MA60, indicating a bearish arrangement. However, the RSI at 30 indicates an oversold condition. The comprehensive signal strongly suggests buying (strength 12), which represents a rebound recovery after overselling. 2、 $MEITUAN-W (03690.HK)$ : Closing price 85.00 yuan, a single-day surge of 5.26%; stock price slightly below MA10, far below MA30 and MA60, with RSI at 30 entering the oversold zone, showing a strong buy signal (strength 12) with rebound momentum...
It is worth noting that the current support levels for the technology index are at 5,227 points and 5,021 points, with resistance levels at 5,595 points and 5,750 points. Whether it can break through the resistance levels and whether trading volume can continue to increase will be key in determining the sustainability of the rebound. Although indicators are currently bullish, this is not a time to let down our guard.
On February 23, core technology stocks rose across the board, with several showing strong buy signals; breaking them down based on technical indicators:
1、 $TENCENT (00700.HK)$ : Closing price at 538.00 yuan, up 3.07% in a single day; stock price below MA10, MA30, and MA60, showing a bearish alignment, but RSI has reached 30, entering oversold territory. The comprehensive signal is a strong buy (strength 12), indicating a rebound recovery after an excessive decline.
2、 $MEITUAN-W (03690.HK)$ : Closing price at 85.00 yuan, surging 5.26% in a single day; stock price slightly below MA10 and far below MA30 and MA60. RSI has reached 30, entering oversold territory, with a strong buy signal (strength 12). The rebound momentum is relatively prominent.
3、 $KUAISHOU-W (01024.HK)$ : Closing price at 68.55 yuan, up 3.08% in a single day; stock price slightly below MA10 and MA30, with RSI at 42. Strong buy signal (strength 13, very high); technically, the performance is relatively solid.
4、 $TRIP.COM-S (09961.HK)$ : Closing price at 423.00 yuan, up 1.73% in a single day; stock price below all moving averages, with RSI at 30 entering oversold territory. Strong buy signal (strength 14, highest); technical rebound signal is most apparent.
5、 $XIAOMI-W (01810.HK)$ : Closing price at 36.56 yuan, up 3.39% in a single day; the only stock with a price above MA10 and MA30, with RSI at 49 near neutral. Comprehensive signal is neutral (strength 8), with a relatively independent trend.
Overall, most stocks are in the 'oversold rebound' phase, with RSI entering oversold territory along with buy signals, providing sufficient short-term rebound momentum. However, most stock prices remain below medium- and long-term moving averages, without reversing the overall trend yet. Investors need to monitor whether subsequent trading volume can follow through.
Review of Bull/Bear Warrants & Featured Products:
(1) Review of previous bull and bear warrants:
Reviewing the two technology index-related products recommended on February 12, their performance met expectations: $JPHSTEC@EP2609A.P (24681.HK)$ Up 8% in two days, $SG#HSTECRP28123.P (64606.HK)$ Up 9% in two days, compared to a slight decline (-0.77%) in the technology index at that time; the product’s performance aligns with the underlying stock movement, also validating the reasonableness of technical analysis.
On February 23, the technology sector collectively rose. $Hang Seng TECH Index (800700.HK)$ The closing price was 5385.35 points, a single-day increase of 3.34%, with a trading volume of 46.832 billion yuan and a 5-day volatility of 4.9%. Based on indicators, the RSI for the tech index is at 40, and the technical indicator summary signal shows a buy (strength 10). The overall evaluation suggests possible bottoming after overselling, with a buy signal appearing. Notably, the current support levels for the tech index are 5227 points and 5021 points, while resistance levels are at 5595 points and 5750 points. Whether it can break through these resistance levels and sustain an increase in trading volume will be crucial in determining the continuation of the rebound. Although indicators currently lean bullish, it's not yet time to let down our guard. On February 23, core technology stocks all rose, with several showing strong buy signals. Combining technical indicators, we analyze them one by one: 1、 $TENCENT (00700.HK)$ : Closing price 538.00 yuan, a single-day rise of 3.07%; stock price below MA10, MA30, and MA60, indicating a bearish arrangement. However, the RSI at 30 indicates an oversold condition. The comprehensive signal strongly suggests buying (strength 12), which represents a rebound recovery after overselling. 2、 $MEITUAN-W (03690.HK)$ : Closing price 85.00 yuan, a single-day surge of 5.26%; stock price slightly below MA10, far below MA30 and MA60, with RSI at 30 entering the oversold zone, showing a strong buy signal (strength 12) with rebound momentum...
Friendly reminder: Derivative products such as CBBCs and warrants are highly volatile. Investors should operate based on their own risk tolerance and avoid blindly following trends.
(II) Selected Warrant Products (Technology Index-related)
Two high cost-performance products have been selected, focusing on core indicators such as leverage, premium, and implied volatility, suitable for investors with different operational needs. This is purely a technical screening and does not constitute investment advice:
1、 $UBHSTEC@EP2609A.P (24592.HK)$ : Leverage of 4.8x, exercise price at 4,975 points; key advantages include the lowest premium and implied volatility among similar products currently, with relatively stable fluctuations, suitable for investors who are cautious about the short-term trend of the technology index.
2、 $UBHSTEC@EC2606A.C (24035.HK)$ : Leverage of 8.6x, exercise price at 6,030 points; both leverage and implied volatility are ideal, matching the current technical rebound trend of the technology index, suitable for investors optimistic about a short-term rebound.
On February 23, the technology sector collectively rose. $Hang Seng TECH Index (800700.HK)$ The closing price was 5385.35 points, a single-day increase of 3.34%, with a trading volume of 46.832 billion yuan and a 5-day volatility of 4.9%. Based on indicators, the RSI for the tech index is at 40, and the technical indicator summary signal shows a buy (strength 10). The overall evaluation suggests possible bottoming after overselling, with a buy signal appearing. Notably, the current support levels for the tech index are 5227 points and 5021 points, while resistance levels are at 5595 points and 5750 points. Whether it can break through these resistance levels and sustain an increase in trading volume will be crucial in determining the continuation of the rebound. Although indicators currently lean bullish, it's not yet time to let down our guard. On February 23, core technology stocks all rose, with several showing strong buy signals. Combining technical indicators, we analyze them one by one: 1、 $TENCENT (00700.HK)$ : Closing price 538.00 yuan, a single-day rise of 3.07%; stock price below MA10, MA30, and MA60, indicating a bearish arrangement. However, the RSI at 30 indicates an oversold condition. The comprehensive signal strongly suggests buying (strength 12), which represents a rebound recovery after overselling. 2、 $MEITUAN-W (03690.HK)$ : Closing price 85.00 yuan, a single-day surge of 5.26%; stock price slightly below MA10, far below MA30 and MA60, with RSI at 30 entering the oversold zone, showing a strong buy signal (strength 12) with rebound momentum...
On February 23, the technology sector collectively rose. $Hang Seng TECH Index (800700.HK)$ The closing price was 5385.35 points, a single-day increase of 3.34%, with a trading volume of 46.832 billion yuan and a 5-day volatility of 4.9%. Based on indicators, the RSI for the tech index is at 40, and the technical indicator summary signal shows a buy (strength 10). The overall evaluation suggests possible bottoming after overselling, with a buy signal appearing. Notably, the current support levels for the tech index are 5227 points and 5021 points, while resistance levels are at 5595 points and 5750 points. Whether it can break through these resistance levels and sustain an increase in trading volume will be crucial in determining the continuation of the rebound. Although indicators currently lean bullish, it's not yet time to let down our guard. On February 23, core technology stocks all rose, with several showing strong buy signals. Combining technical indicators, we analyze them one by one: 1、 $TENCENT (00700.HK)$ : Closing price 538.00 yuan, a single-day rise of 3.07%; stock price below MA10, MA30, and MA60, indicating a bearish arrangement. However, the RSI at 30 indicates an oversold condition. The comprehensive signal strongly suggests buying (strength 12), which represents a rebound recovery after overselling. 2、 $MEITUAN-W (03690.HK)$ : Closing price 85.00 yuan, a single-day surge of 5.26%; stock price slightly below MA10, far below MA30 and MA60, with RSI at 30 entering the oversold zone, showing a strong buy signal (strength 12) with rebound momentum...
What do you think is the most critical factor for the continuation of the technology index rebound?
A. Trading Volume: A reliable rebound must be accompanied by increased trading volume.
B. Resistance Level: It must successfully break through key resistance levels.
C. Leading stocks: Tencent, Meituan, etc., must remain consistently strong.
Come to the comment section and share your thoughts! Want to see more analysis? Remember to follow 'HK Stock Warrants Jenny' for daily updates!
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 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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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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