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港股窩輪Jenny
wrote a column · Mar 10 10:11

SMIC shows technical rebound, key resistance at moving averages

On the previous day (March 9), the semiconductor sector in the Hong Kong stock market faced overall pressure, $SMIC (00981.HK)$
SMIC and its peer stocks all closed lower, displaying consistent technical characteristics. From the data available on individual stocks, SMIC $HUA HONG SEMI (01347.HK)$ 、 $ASMPT (00522.HK)$ 、 $SHANGHAI FUDAN (01385.HK)$ all closed below the MA10, MA30, and MA60 moving averages, with the moving average system showing a bearish alignment, reflecting weak short-term trends; however, at the same time, multiple oscillation indicators collectively entered the oversold zone, with comprehensive technical signals giving 'buy' or 'strong buy' indications, forming a typical oversold divergence pattern.
In simple terms, after a round of continuous adjustment, the short-term downward momentum in the sector has weakened somewhat, and conditions for a technical rebound are gradually building up. Among them, Huahong Semiconductor and Shanghai Fudan have the strongest buy signals, with RSI values as low as 33 and 30 respectively, entering a clearly oversold area.
SMIC's closing price on the previous day (September 9) was 60.85 yuan, down 1.54% for the day, with a trading volume of 4.18 billion yuan. The overall trend aligns with the sector’s rhythm, and specific technical indicators are broken down as follows:
1. The closing price is below the MA10 (64.74 yuan), MA30 (69.82 yuan), and MA60 (70.77 yuan), placing it below all major moving averages; the short term needs to first break through MA10 to open up rebound potential.
On the previous day (March 9), the semiconductor sector in the Hong Kong stock market faced overall pressure, $SMIC (00981.HK)$ and peer stocks all closed lower, showing consistent technical characteristics. From the available individual stock data, SMIC, $HUA HONG SEMI (01347.HK)$ 、 $ASMPT (00522.HK)$ 、 $SHANGHAI FUDAN (01385.HK)$ all closed below the MA10, MA30, and MA60 moving averages, with the moving average system showing a bearish arrangement, reflecting weak short-term trends; however, at the same time, multiple oscillation indicators collectively entered oversold territory, with comprehensive technical signals giving 'buy' or 'strong buy' prompts, forming a typical oversold divergence pattern. Simply put, after a round of sustained adjustments, the sector’s short-term downward momentum has weakened somewhat, and conditions for a technical rebound are gradually building up, with Huahong Semiconductor and Shanghai Fudan giving the strongest buy signals—RSI values have dropped to 33 and 30 respectively, entering an obvious oversold zone. SMIC's closing price on the previous day (March 9) was HKD 60.85, down 1.54% for the day, with a trading volume of HKD 4.18 billion. The overall trend aligns with the sector rhythm, and specific technical indicator breakdown is as follows: 1. The closing price is below MA10 (HKD 64.74), MA30 (HKD 69.82), and MA60 (HKD 70.77), placing it under all major moving averages; the short-term focus should be on breaking through MA10 to open up rebound potential. 2. Detailed analysis of technical indicators: RSI is 27, entering se...
2. Detailed analysis of technical indicators: RSI is 27, entering a severely oversold zone; the Williams %R indicator is in an oversold state and gives a buy signal, CCI indicator remains neutral, and MACD still indicates a sell signal; overall, oscillation indicators suggest 'severe oversold, possible bottoming,' but trend indicators have not yet reversed, qualifying this as an 'oversold rebound signal within a downtrend.'
On the previous day (March 9), the semiconductor sector in the Hong Kong stock market faced overall pressure, $SMIC (00981.HK)$ and peer stocks all closed lower, showing consistent technical characteristics. From the available individual stock data, SMIC, $HUA HONG SEMI (01347.HK)$ 、 $ASMPT (00522.HK)$ 、 $SHANGHAI FUDAN (01385.HK)$ all closed below the MA10, MA30, and MA60 moving averages, with the moving average system showing a bearish arrangement, reflecting weak short-term trends; however, at the same time, multiple oscillation indicators collectively entered oversold territory, with comprehensive technical signals giving 'buy' or 'strong buy' prompts, forming a typical oversold divergence pattern. Simply put, after a round of sustained adjustments, the sector’s short-term downward momentum has weakened somewhat, and conditions for a technical rebound are gradually building up, with Huahong Semiconductor and Shanghai Fudan giving the strongest buy signals—RSI values have dropped to 33 and 30 respectively, entering an obvious oversold zone. SMIC's closing price on the previous day (March 9) was HKD 60.85, down 1.54% for the day, with a trading volume of HKD 4.18 billion. The overall trend aligns with the sector rhythm, and specific technical indicator breakdown is as follows: 1. The closing price is below MA10 (HKD 64.74), MA30 (HKD 69.82), and MA60 (HKD 70.77), placing it under all major moving averages; the short-term focus should be on breaking through MA10 to open up rebound potential. 2. Detailed analysis of technical indicators: RSI is 27, entering se...
As of 9:51 AM today (September 10),SMIC’s latest quote is 62.2 yuan, temporarily rebounding by 2.22%. Resistance levels are seen at 66 yuan and 71.3 yuan; key support levels are 57.3 yuan and 52.5 yuan.
Review and selection of call warrants and bull/bear products:
First, let’s review the previously recommended call warrant and bull/bear products. The SMIC-related products recommended on March 5, 2026, saw varying degrees of increases two days later, among which $SG#SMIC RP2812V.P (58384.HK)$Up 13%, $UB#SMIC RP2812D.P (58818.HK)$ rose 12%, $UB-SMIC@EP2606A.P (15954.HK)$ 、 $BI-SMIC@EP2606A.P (21281.HK)$Rising 8% and 9% respectively, forming a contrast with the underlying stock's two-day decline of 1.06%, consistent with short-term trading rhythms.
On the previous day (March 9), the semiconductor sector in the Hong Kong stock market faced overall pressure, $SMIC (00981.HK)$ and peer stocks all closed lower, showing consistent technical characteristics. From the available individual stock data, SMIC, $HUA HONG SEMI (01347.HK)$ 、 $ASMPT (00522.HK)$ 、 $SHANGHAI FUDAN (01385.HK)$ all closed below the MA10, MA30, and MA60 moving averages, with the moving average system showing a bearish arrangement, reflecting weak short-term trends; however, at the same time, multiple oscillation indicators collectively entered oversold territory, with comprehensive technical signals giving 'buy' or 'strong buy' prompts, forming a typical oversold divergence pattern. Simply put, after a round of sustained adjustments, the sector’s short-term downward momentum has weakened somewhat, and conditions for a technical rebound are gradually building up, with Huahong Semiconductor and Shanghai Fudan giving the strongest buy signals—RSI values have dropped to 33 and 30 respectively, entering an obvious oversold zone. SMIC's closing price on the previous day (March 9) was HKD 60.85, down 1.54% for the day, with a trading volume of HKD 4.18 billion. The overall trend aligns with the sector rhythm, and specific technical indicator breakdown is as follows: 1. The closing price is below MA10 (HKD 64.74), MA30 (HKD 69.82), and MA60 (HKD 70.77), placing it under all major moving averages; the short-term focus should be on breaking through MA10 to open up rebound potential. 2. Detailed analysis of technical indicators: RSI is 27, entering se...
Considering the current sector's oversold condition and expectations for a short-term rebound, we have selected two suitable warrant products for investors' reference:
1. $BI-SMIC@EC2609B.C (19343.HK)$: Leverage of 4x, strike price at $69.04. Its core feature is relatively high leverage, suitable for investors expecting a short-term rebound and seeking certain returns.
2. $BI-SMIC@EP2606A.P (21281.HK)$: Leverage of 4.2x, strike price at $62.76. Its key advantage is the lowest premium, with both implied volatility and leverage being ideal, suitable for investors who remain cautious about short-term trends.
On the previous day (March 9), the semiconductor sector in the Hong Kong stock market faced overall pressure, $SMIC (00981.HK)$ and peer stocks all closed lower, showing consistent technical characteristics. From the available individual stock data, SMIC, $HUA HONG SEMI (01347.HK)$ 、 $ASMPT (00522.HK)$ 、 $SHANGHAI FUDAN (01385.HK)$ all closed below the MA10, MA30, and MA60 moving averages, with the moving average system showing a bearish arrangement, reflecting weak short-term trends; however, at the same time, multiple oscillation indicators collectively entered oversold territory, with comprehensive technical signals giving 'buy' or 'strong buy' prompts, forming a typical oversold divergence pattern. Simply put, after a round of sustained adjustments, the sector’s short-term downward momentum has weakened somewhat, and conditions for a technical rebound are gradually building up, with Huahong Semiconductor and Shanghai Fudan giving the strongest buy signals—RSI values have dropped to 33 and 30 respectively, entering an obvious oversold zone. SMIC's closing price on the previous day (March 9) was HKD 60.85, down 1.54% for the day, with a trading volume of HKD 4.18 billion. The overall trend aligns with the sector rhythm, and specific technical indicator breakdown is as follows: 1. The closing price is below MA10 (HKD 64.74), MA30 (HKD 69.82), and MA60 (HKD 70.77), placing it under all major moving averages; the short-term focus should be on breaking through MA10 to open up rebound potential. 2. Detailed analysis of technical indicators: RSI is 27, entering se...
On the previous day (March 9), the semiconductor sector in the Hong Kong stock market faced overall pressure, $SMIC (00981.HK)$ and peer stocks all closed lower, showing consistent technical characteristics. From the available individual stock data, SMIC, $HUA HONG SEMI (01347.HK)$ 、 $ASMPT (00522.HK)$ 、 $SHANGHAI FUDAN (01385.HK)$ all closed below the MA10, MA30, and MA60 moving averages, with the moving average system showing a bearish arrangement, reflecting weak short-term trends; however, at the same time, multiple oscillation indicators collectively entered oversold territory, with comprehensive technical signals giving 'buy' or 'strong buy' prompts, forming a typical oversold divergence pattern. Simply put, after a round of sustained adjustments, the sector’s short-term downward momentum has weakened somewhat, and conditions for a technical rebound are gradually building up, with Huahong Semiconductor and Shanghai Fudan giving the strongest buy signals—RSI values have dropped to 33 and 30 respectively, entering an obvious oversold zone. SMIC's closing price on the previous day (March 9) was HKD 60.85, down 1.54% for the day, with a trading volume of HKD 4.18 billion. The overall trend aligns with the sector rhythm, and specific technical indicator breakdown is as follows: 1. The closing price is below MA10 (HKD 64.74), MA30 (HKD 69.82), and MA60 (HKD 70.77), placing it under all major moving averages; the short-term focus should be on breaking through MA10 to open up rebound potential. 2. Detailed analysis of technical indicators: RSI is 27, entering se...
Risk Warning: Warrant products have inherent leverage characteristics. Investors should choose based on their own risk tolerance, control position sizes, and avoid excessive trading.
SMIC has been severely oversold. Would you choose to take a position now and wait for a rebound, or continue to observe until the trend becomes clearer?
Feel free to share your insights in the comment section. For more market analysis, please continue following ‘Hong Kong 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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