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Has the rebound opportunity arrived? Hong Kong stocks welcome a strong start in May
米股研究
joined discussion · Mar 6 20:43 ·

Technical Analysis of US-listed Chinese stocks (March 6): Alibaba/Baidu/Bilibili/Futu/PDD Holdings/Tencent Music/NetEase/JD.com/Tencent/Meituan/Kuaishou/Xiaomi

1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
5、 $PDD Holdings (PDD.US)$ Since 2024, it has been trading within a large consolidation range, falling back from the highs in November last year. Currently, it is oscillating within a narrow space formed by the Volume Point of Control (orange), the 109.5-axis level (red), and the descending trendline (white); it is about to face a directional choice, most likely remaining within the large consolidation range.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
6、 $TME-SW (01698.HK)$ The market remains persistently weak, already breaking below the 38.2% retracement level of the previous trend. Every attempt at a rebound by the bulls has been feeble, and there has been no sign of panic selling, indicating no bottoming signal yet. Until the downward trend is broken, bottom fishing should not be considered.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
7、 $NTES-S (09999.HK)$ In early February, it broke down below the top pattern with heavy volume, retraced lightly to the bottom ice line at 130, and then continued its downward trend. The 50-day moving average crossed below the 200-day moving average to form a death cross. Recently, it rebounded at the 38.2% retracement level of the previous rally, but the upside potential may be limited; watch for a second retest.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
8、 $JD-SW (09618.HK)$ In early February, it broke down below the secondary distribution range that had been forming since November last year, accelerating its decline recently with signs of panic selling. Following yesterday's earnings report, today’s Hong Kong shares closed with a high-volume bullish candle, but the annual moving average is still trending downward; watch to see if it can stabilize near the lower boundary of the value zone.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
9、 $TENCENT (00700.HK)$ Starting in early February, it began to fall heavily, breaking down below the top pattern that had formed since October last year, with bearish price-volume cycles and no effective counterattack from the bulls. Recently, there has been heavy volume without further decline, and after a bullish crossover in the KD indicator following a divergence in the oversold region, there may be a short-term rebound; however, the 50-day moving average has crossed below the 200-day moving average, so more time will be needed for downward momentum to ease.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
10、 $MEITUAN-W (03690.HK)$ The decline started in early February this year, breaking down below the secondary distribution range that had formed since September last year, opening up downside space with bearish price-volume cycles. With earnings about to be released, today saw a high-volume rebound near the lower boundary of the value zone; watch to see if it can stabilize.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
11、 $KUAISHOU-W (01024.HK)$ It entered a consolidation range in July last year and fell from the resistance at the 82-axis level in early February this year, with no effective counterattack from the bulls, showing obvious signs of distribution. In early March, it broke through the support of the bottom ice line at 62.6 with heavy volume, currently showing heavy volume without further decline; there may be a short-term rebound, but watch for pressure near the lower boundary of the value zone.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
12、 $XIAOMI-W (01810.HK)$ After breaking down below the top pattern in October last year, it has remained in a downtrend. It has now completed three waves of declines, with diminishing progress from the bears and signs of fatigue. Recently, there was a heavy volume rebound from the lows, with the Volume Point of Control (orange) shifting downwards, forming a b-type distribution; the market may enter into a sideways consolidation going forward.
1、 $BABA-W (09988.HK)$ The stock has been moving sideways since October last year, started to retreat from the peak at the end of January, and broke below the bottom ice line of 142 and the annual moving average support in early March with heavy volume. The decline is steep, and the probability of an effective breakdown is high. In the past two days, there have been signs of stabilization around the 124.6 axis with increased volume, but given the prolonged distribution period at the top, the rebound may be limited. 2、 $BIDU-SW (09888.HK)$ In January this year, the stock retreated from the resistance at the 155 axis, entering a bearish price-volume cycle, and bulls have failed to mount a strong counterattack. Currently, the stock price has stabilized around the 111.5 axis and the annual moving average. It is recommended to wait for a breakout above the downtrend line before looking for entry opportunities. 3、 $BILIBILI-W (09626.HK)$ The stock entered a consolidation phase in October last year, retreated back into range after a false breakout in January, forming a downtrend with little bullish performance. The current price has reached dual support from the uptrend line and the annual moving average, showing signs of stabilization with heavy volume. A short-term rebound is possible, but entry is not advised until the downtrend is broken. 4、 $Futu Holdings Ltd (FUTU.US)$ The stock began consolidating in August last year, forming a P-shaped volume distribution. In mid-February, it broke down below the lower range support with heavy volume and has not recovered, increasing the likelihood of an effective breakdown of the topping pattern. The 50-day moving average is about to form a death cross with the annual moving average, and with earnings reports upcoming, it is advisable to stay on the sidelines. 5、...
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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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