COSCO Shipping Energy and COSCO Shipping Holdings both hit new highs! Warrant fund movements reveal bullish market sentiment

The shipping and port sector showed strong performance, rising against the market trend. Among them, $COSCO SHIP ENGY (01138.HK)$

The upward momentum was particularly strong, with the stock price surging over 5% at one point during the session, reaching a high of 22.02 yuan and hitting a new 52-week high. $COSCO SHIP HOLD (01919.HK)$

Similarly impressive, it rose more than 4%, hitting an intraday high of 16.17 yuan, also setting a new 52-week high.

Market enthusiasm is not only reflected in the underlying stocks but also evidenced by the derivatives market. Observing recent warrant market fund flows, investors' bullish sentiment on these two stocks has been continuously accumulating.

The street volume of call warrants for COSCO Shipping Energy presented a 'first adjustment then increase' trend from February 26 to March 2. The street volume initially adjusted slightly from 27.32 million to 26.96 million, then significantly increased to 32.95 million, marking a 22.2% growth. This indicates that after short-term profit-taking, bullish funds actively flowed back in. Relevant funds mainly focused on call warrants with strike prices between 26.1 and 27.4 yuan, accounting for about 68% of the trading volume, with an average actual leverage of approximately 5.2 times.

During the same period, the street volume of call warrants for COSCO Shipping Holdings also grew from 8.68 million to 10.2 million, an increase of about 17.5%. Funds were highly concentrated in the strike price range of 16.8 to 17.0 yuan, where the average actual leverage of call warrants was approximately 6.0 times, reflecting higher market expectations for future price increases.

In terms of key technical levels:After COSCO Shipping Energy's sharp rise, the initial resistance level above is located at 22.8 yuan, with stronger resistance seen at 24.8 yuan. The support below needs to focus on 17.2 yuan (Support 1), which is close to the 10-day moving average and represents a recent breakout platform; the more critical support is located at 15.6 yuan (Support 2), near the 30-day moving average, serving as an important reference for the medium-term uptrend.

For COSCO Shipping Holdings, the primary resistance level is near 15.9 yuan. If it successfully breaks through, the next resistance is seen at 16.7 yuan. However, note that since technical indicators may have entered the overbought zone, there is a higher probability of a pullback when the stock price first touches the resistance level. Support below is first seen at 14.5 yuan (Support 1), with a more crucial support level at 14.1 yuan (Support 2).

Overall, the leading stocks in the shipping sector broke out strongly, accompanied by continued bullish bets in the warrant market, indicating robust market confidence. Subsequent trends will depend on whether the underlying stock can stabilize at the new highs and changes in implied volatility and fund flows in derivatives.

If you continue to be bullish on COSCO Shipping Energy (1138), consider watching $HSCSHIP@EC2610A.C (26066.HK)$ This product offers leverage of approximately 2.9 times, with a strike price set at 21.38 yuan. Its implied volatility is at a relatively ideal level, reflecting reasonable market pricing with potentially moderate time value decay. Another option is $HUCSHIP@EC2608A.C (25876.HK)$It has relatively high leverage, approximately 3.5 times, with a strike price of 21.1 yuan. Its main advantage lies in having the lowest premium and implied volatility among similar products, representing a relatively lower cost of entry.

Regarding COSCO Shipping Ports (01919), $JPCSHCL@EC2606A.C (21610.HK)$It offers leverage of about 6.1 times with a strike price of 16.898 yuan. Its characteristic is a relatively low premium, making it suitable for investors optimistic about COSCO Shipping Ports' future performance. Another one $BICSHCL@EC2607A.C (21508.HK)$offers 7 times leverage with a strike price of 16.81 yuan, with both the premium and implied volatility being the lowest, effectively reducing holding costs.

COSCO Shipping Energy and COSCO Shipping Ports have both hit new 52-week highs. Would you choose to 'chase the rise' or 'wait and see'? Do you think the prosperity cycle of shipping stocks can be sustained? What signals should investors focus on? Feel free to share your insights.

Reminder: This article does not constitute any investment advice.

This article is for reference only and does not constitute any investment advice. Market data, opinions, and analyses 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, and asset performance should be comprehensively evaluated in conjunction with other information. Trading decisions should not be made solely based on this article. Please note that past performance is not indicative of future results.

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