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港股窩輪Jenny
commented on a stock · Mar 16 10:43

China Unicom breaking through 8.03 yuan may challenge 8.27 yuan, with 【HKEX Podcast】highlighting key resistance

$CHINA UNICOM (00762.HK)$China Unicom (00762.HK) has recently shown a rebound pattern from lower price levels, becoming a market focus. As of March 13, 2026, China Unicom closed at 7.79 yuan, up 0.13% for the day, with its share price gradually recovering from the February low of 7.07 yuan, showing a short-term rebound structure with progressively higher lows. As of the morning session on March 16, the stock price remained consolidated around 7.8 yuan, with the market watching whether the rebound momentum can continue.
Technical Analysis Summary
From a technical perspective, China Unicom’s share price began to rebound after falling from approximately 9.3 yuan to 7.07 yuan and is currently in a phase of recovery from the lows. In terms of key support levels, the first support is at 7.59 yuan, which represents a consolidation range during the recent rebound; the second support is at 7.39 yuan, equivalent to the horizontal bottom seen in late February. Regarding resistance levels, the first resistance is at 7.99 yuan, representing the prior rebound high and moving average convergence zone; if it breaks through, the next resistance level would be 8.19 yuan, with further upside pressure at the mid-term moving average around 8.5 yuan.
The moving average structure shows that the short-term 5-day and 10-day lines are converging upwards, indicating that rebound momentum is accumulating, but the 20-day and 30-day moving averages remain above the share price, with the mid-term moving averages still trending downward, meaning the overall trend has not yet fully strengthened. On the technical indicators front, the overall signal is “neutral,” with the RSI hovering around 60, multiple oscillation indicators showing neutral signals, while trend indicators such as MACD and Bollinger Bands suggest buying opportunities. Overall, the current situation reflects an “early-stage rebound from lows” pattern, with a rebound structure still intact but without clear trend breakout signals yet.
$CHINA UNICOM (00762.HK)$China Unicom (00762.HK) has recently shown a rebound pattern from lower price levels, becoming a market focus. As of March 13, 2026, China Unicom closed at 7.79 yuan, up 0.13% for the day, with its share price gradually recovering from the February low of 7.07 yuan, showing a short-term rebound structure with progressively higher lows. As of the morning session on March 16, the stock price remained consolidated around 7.8 yuan, with the market watching whether the rebound momentum can continue. Technical Analysis Summary From a technical perspective, China Unicom’s share price began to rebound after falling from approximately 9.3 yuan to 7.07 yuan and is currently in a phase of recovery from the lows. In terms of key support levels, the first support is at 7.59 yuan, which represents a consolidation range during the recent rebound; the second support is at 7.39 yuan, equivalent to the horizontal bottom seen in late February. Regarding resistance levels, the first resistance is at 7.99 yuan, representing the prior rebound high and moving average convergence zone; if it breaks through, the next resistance level would be 8.19 yuan, with further upside pressure at the mid-term moving average around 8.5 yuan. The moving average structure shows that the short-term 5-day and 10-day lines are converging upwards, indicating that rebound momentum is accumulating, but the 20-day and 30-day moving averages remain above the share price, with the mid-term moving averages still trending downward, meaning the overall trend has not yet fully strengthened. On the technical indicators front, the overall signal is “neutral,” with the RSI hovering around 60, multiple oscillation indicators showing neutral signals, while trend indicators such as MACD and Bollinger Bands suggest buying opportunities. Overall, the current situation reflects an “early-stage rebound from lows” pattern, with a rebound structure still intact but without clear trend breakout signals yet.
March 13 [Hong Kong Stock Podcast] Hang Seng Index, Mobvista, China Unicom, SMIC, JD.com, CNOOC
Reviewing the views from the [Hong Kong Stocks Podcast] on March 13, the program noted that China Unicom remains in a phase of consolidation at a low level following a medium-term decline. The stock price has been gradually rising from its lows to form a rebound structure, but the moving average arrangement still reflects a medium-term weak pattern. The analysis suggested that the most reasonable interpretation is that the stock is in the "early stage of a low-level rebound," rather than having formed a clear upward trend. In terms of technical positions, short-term support lies around HKD 7.50 to 7.55. As long as the stock price stays above this zone, the rebound structure could continue. The next support level is near HKD 7.30, with a more critical medium-term support at the low of HKD 7.07. On the resistance side, the first area to watch is around HKD 8.03, which represents the previous rebound high and moving average convergence. If this level is broken and stabilized, the next noticeable resistance will be near HKD 8.27, followed by medium-term moving average pressure around HKD 8.50.
The program specifically mentioned that for investors holding call warrants with a strike price of HKD 8.88, given the current stock price of approximately HKD 7.79, this product is still considered quite out-of-the-money. Even if the stock rebounds to around HKD 8.03 or 8.27, it would still be some distance from the HKD 8.88 strike price. Therefore, such products are more aggressive deployments requiring a sustained rise in the stock price to gradually improve sensitivity. In other words, a short-term rebound alone might not significantly change the price of these deep out-of-the-money call warrants unless the stock can break through multiple resistance levels and approach HKD 8.80. Regarding short-term trading strategies, the key observation point remains the support at HKD 7.50. If the stock can hold steady above HKD 7.50 during a short-term pullback and subsequently break upwards past the HKD 7.90 to 8.03 region, the short-term rebound could extend with initial targets at HKD 8.03 and further at HKD 8.27. Conversely, if the stock fails to hold above HKD 7.50 and drops below HKD 7.30, it would indicate weakening short-term rebound momentum, potentially returning to a low-level oscillation pattern.
In the review of warrant products, the Citic Call Warrant (24226) mentioned on March 9, 2026, showed significant performance over the subsequent two trading days (up to March 11). During this period, the underlying stock, China Unicom, rose by 0.91%, while the related call warrant increased by 6%. This data illustrates the amplification effect derivatives can have when the underlying stock rises.
$CHINA UNICOM (00762.HK)$China Unicom (00762.HK) has recently shown a rebound pattern from lower price levels, becoming a market focus. As of March 13, 2026, China Unicom closed at 7.79 yuan, up 0.13% for the day, with its share price gradually recovering from the February low of 7.07 yuan, showing a short-term rebound structure with progressively higher lows. As of the morning session on March 16, the stock price remained consolidated around 7.8 yuan, with the market watching whether the rebound momentum can continue. Technical Analysis Summary From a technical perspective, China Unicom’s share price began to rebound after falling from approximately 9.3 yuan to 7.07 yuan and is currently in a phase of recovery from the lows. In terms of key support levels, the first support is at 7.59 yuan, which represents a consolidation range during the recent rebound; the second support is at 7.39 yuan, equivalent to the horizontal bottom seen in late February. Regarding resistance levels, the first resistance is at 7.99 yuan, representing the prior rebound high and moving average convergence zone; if it breaks through, the next resistance level would be 8.19 yuan, with further upside pressure at the mid-term moving average around 8.5 yuan. The moving average structure shows that the short-term 5-day and 10-day lines are converging upwards, indicating that rebound momentum is accumulating, but the 20-day and 30-day moving averages remain above the share price, with the mid-term moving averages still trending downward, meaning the overall trend has not yet fully strengthened. On the technical indicators front, the overall signal is “neutral,” with the RSI hovering around 60, multiple oscillation indicators showing neutral signals, while trend indicators such as MACD and Bollinger Bands suggest buying opportunities. Overall, the current situation reflects an “early-stage rebound from lows” pattern, with a rebound structure still intact but without clear trend breakout signals yet.
When selecting warrants, investors often need to balance premium and leverage. A lower premium implies lower holding costs, while higher effective leverage indicates higher potential returns. The ideal choice is to achieve higher effective leverage while keeping the premium low. Looking at the market data for China Unicom-related call warrants, several products with strike prices between HKD 8.08 and 8.09 offer different term combinations suitable for investors with varying preferences.
Societe Generale Call Warrant (25885) $SG-CUNI@EC2612A.C (25885.HK)$ Strike Price: HKD 8.09, Effective Leverage: 5.96x, Implied Volatility: 28.142%, Premium: 11.92%, Street Inventory: 4.19%. Among similar products with comparable strike prices, this one offers the highest effective leverage, the lowest implied volatility, and a relatively ideal premium level, making it a well-balanced choice suitable for investors seeking high leverage while aiming to control volatility risk.
Citic Call Warrant (25530) $CI-CUNI@EC2612A.C (25530.HK)$ Strike Price: HKD 8.08, Effective Leverage: 5.83x, Implied Volatility: 28.228%, Premium: 12.05%, Street Inventory: 0.34%. This product has slightly lower leverage compared to Societe Generale's offering but maintains similarly low implied volatility. The extremely low street inventory reflects strong issuer control, making it suitable for investors who prefer products with low street inventory.
UBS Group Call Warrant (26008) $UB-CUNI@EC2612A.C (26008.HK)$ Strike Price: HKD 8.09, Effective Leverage: 5.24x, Implied Volatility: 32.191%, Premium: 13.33%, Street Inventory: only 0.02%, indicating an extremely low street inventory level.
J.P. Morgan call warrant (25957) $JP-CUNI@EC2612A.C (25957.HK)$ Strike price at HKD 8.09, effective leverage 5.07x, implied volatility 33.297%, premium 13.72%, street inventory 0.03%. Among the products, it has the lowest leverage and the highest implied volatility.
$CHINA UNICOM (00762.HK)$China Unicom (00762.HK) has recently shown a rebound pattern from lower price levels, becoming a market focus. As of March 13, 2026, China Unicom closed at 7.79 yuan, up 0.13% for the day, with its share price gradually recovering from the February low of 7.07 yuan, showing a short-term rebound structure with progressively higher lows. As of the morning session on March 16, the stock price remained consolidated around 7.8 yuan, with the market watching whether the rebound momentum can continue. Technical Analysis Summary From a technical perspective, China Unicom’s share price began to rebound after falling from approximately 9.3 yuan to 7.07 yuan and is currently in a phase of recovery from the lows. In terms of key support levels, the first support is at 7.59 yuan, which represents a consolidation range during the recent rebound; the second support is at 7.39 yuan, equivalent to the horizontal bottom seen in late February. Regarding resistance levels, the first resistance is at 7.99 yuan, representing the prior rebound high and moving average convergence zone; if it breaks through, the next resistance level would be 8.19 yuan, with further upside pressure at the mid-term moving average around 8.5 yuan. The moving average structure shows that the short-term 5-day and 10-day lines are converging upwards, indicating that rebound momentum is accumulating, but the 20-day and 30-day moving averages remain above the share price, with the mid-term moving averages still trending downward, meaning the overall trend has not yet fully strengthened. On the technical indicators front, the overall signal is “neutral,” with the RSI hovering around 60, multiple oscillation indicators showing neutral signals, while trend indicators such as MACD and Bollinger Bands suggest buying opportunities. Overall, the current situation reflects an “early-stage rebound from lows” pattern, with a rebound structure still intact but without clear trend breakout signals yet.
In a comprehensive comparison, if investors believe that China Unicom will break through the resistance level of HKD 7.99 and gradually rise, Societe Generale call warrant (25885) stands out among similar strike-priced products: with the highest effective leverage in its group at 5.96x, the lowest implied volatility at 28.142%, and a relatively low premium of 11.92%. This means investors can achieve higher leverage effects at a lower holding cost while maintaining relatively controlled volatility risks.
If investors expect a stronger upward trend requiring higher leverage, they may consider Credit Suisse call warrant (24226), which has a strike price of HKD 8.88 and offers approximately 10.5x leverage with the lowest premium. However, this comes with a higher degree of being out-of-the-money (about 14%) and requires a stronger upward movement in share price to pass a greater test. As noted in the Podcast, such products require a sustained upward trend in stock prices to gradually improve sensitivity; short-term rebounds may not be sufficient to result in significant price changes.
For investors who are bearish on China Unicom’s future performance, they may consider Credit Suisse put warrant (25326). $CI-CUNI@EP2610A.P (25326.HK)$ The strike price is HKD 7.62, with leverage of 4.9x. This product has the lowest premium, making it suitable for bearish strategies. When selecting put warrants, note that the strike price of HKD 7.62 is slightly below the current stock price, making it an in-the-money product. If the stock price falls below the support level of HKD 7.59, the performance of such products will be more favorable.
Interactive Question:
Dear readers, do you think China Unicom (00762) will successfully break through the resistance level of HKD 7.99 in the short term and further test HKD 8.19?
A) Yes, benefiting from capital inflows and technical rebound momentum, the upward trend will continue.
B) No, the resistance at HKD 7.99 is substantial, and it needs to consolidate first and retest the support level at HKD 7.59.
Feel free to share your views in the comment section!
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 resulting from reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; asset performance should be comprehensively evaluated using additional sources. 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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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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