Brokerage sector collectively moved: CITIC Securities follows A-share rebound, testing resistance at 26.1 yuan
CITIC Securities (06030) reported at 24.4 yuan, up 2.52%, with market trading activity showing signs of recovery. Observing the technical structure, the stock price has been retreating from its high and has fallen below all major moving averages. The short-term moving averages MA10, MA30, and MA60 are located at 25.12 yuan, 26.94 yuan, and 27.81 yuan respectively, exerting clear pressure and indicating that the medium-term trend remains weak.
Based on multiple technical indicators, the system issued a 'buy' signal with a strength of 11. Several oscillation indicators such as the Stochastic Oscillator have also signaled 'buy'. Both the CCI indicator and the Rate of Change indicator suggest 'severely oversold, possible bottom forming, buy', reflecting a need for technical rebound after a sharp short-term decline. However, MACD signals and Bollinger Bands indicate 'sell', and the ADX indicator also shows 'sell', meaning the overall structure hasn't fully strengthened yet. According to technical analysis data, short-term support levels are at 23.2 yuan and 22.1 yuan, while resistance levels stand at 26.1 yuan and 27.9 yuan. The probability of an upward move is 53%, and the 5-day volatility is 12.8%, indicating higher stock price fluctuations.
In terms of market news, today (March 24th), the A-share securities sector showed noticeable movement, boosting the overall sentiment in brokerage stocks. According to reports from the Securities Times and China Financial Information Network, the securities sector saw intra-day gains, with Hatz Securities rising over 9% at one point, First Capital climbing over 4%, Southwest Securities gaining over 3%, and Guosheng Securities, Pacific Securities, Guohai Securities, and Zhongtai Securities all increasing by more than 2%. Regarding Hong Kong-listed brokerage stocks, CITIC Securities’ H shares rebounded following the sector's rise, closing at 24.16 yuan by midday, with an increase of approximately 1.51%. Huatai Securities ETF (560090) $China Universal CSI All Share Investment Banking & (560090.SH)$rose significantly by over 1%, attracting inflows exceeding 90 million yuan for four consecutive days, showing a clear rise in investor attention. Additionally, among listed brokerages that have disclosed earnings forecasts, more than half expect year-over-year growth in net profit attributable to shareholders to exceed 50%, marking a comprehensive recovery in industry profitability. Central Bank Governor Pan Gongsheng recently stated that they will continue implementing a moderately accommodative monetary policy to provide liquidity support to the market. Huatai Securities believes that the current valuation of the brokerage sector is at a historical low, with limited downside risk and significant upside option value, highlighting the importance of focusing on the valuation recovery opportunities for brokers.
Combining technical analysis with the market environment, CITIC Securities is in the oversold rebound stage in the short term, testing support at 23.2 yuan and resistance at 26.1 yuan. Investors who believe that the stock price can stabilize at this level and begin further rebounds may consider deploying call warrants; if expecting a weak rebound and another test of support, put warrants might be worth watching. Below is an analysis of several warrant products with relatively clear terms, whose exercise prices are closely related to technical resistance levels:
In terms of optimistic deployment, Huatai call warrants (24857) and HSBC call warrants (24944) can be considered.
Huatai call warrants (24857) $HUCITSE@EC2608A.C (24857.HK)$ The strike price is 37.70 yuan, much higher than the second resistance level of 27.9 yuan, representing a deep out-of-the-money structure. The effective leverage is 5.31 times, with a premium of 58.72%, a street ratio of 13.31%, and the last trading day on July 28, 2026. The advantage of this product lies in its relatively moderate street ratio, and its implied volatility of 67.448% is at a reasonable level among deep out-of-the-money products, making it suitable for investors expecting significant stock price rebounds to challenge long-term targets. $HSCITSE@EC2607A.C (24944.HK)$ The strike price is 38.00 yuan, also deep out-of-the-money, with an effective leverage of 5.28 times, a premium of 59.96%, a street ratio of only 5.66%, and an implied volatility of 69.241%. Its advantage lies in the extremely low street ratio, indicating relatively concentrated chips, allowing the price movement to better reflect changes in the underlying stock. It is suitable for investors who are confident in the strength of the rebound.
Another Huatai call warrant (22337) $HUCITSE@EC2605A.C (22337.HK)$ The strike price is 41.80 yuan, even deeper out-of-the-money, with an effective leverage of 9.29 times, a premium of 72.33%, but a street ratio as high as 43.99%, indicating that the market already has significant capital deployment, requiring attention to potential selling pressure. Its advantage lies in relatively high leverage, making it suitable for investors with a stronger risk tolerance.
Overall, CITIC Securities is at a critical moment for a short-term oversold rebound. Investors should use 23.2 yuan as the short-term defensive level. If the share price can stabilize above and break through the 26.1 yuan resistance, it is expected to further challenge 27.9 yuan. When choosing CBBC products, due to the current share price being far from the strike price, investors need to carefully evaluate time decay and the sustainability of the underlying stock's rebound, balancing leverage with the degree of being out-of-the-money.
Interactive Questions
Do you think CITIC Securities (06030) can break through the 26.1 yuan resistance in the short term?
A. Yes, driven by a collective rebound in the brokerage sector
B. No, limited rebound space under moving average pressure
Friendly reminder: This article does not constitute any investment advice. It is for reference only and does not constitute any form of investment recommendation. The market data, opinions, and analysis contained herein may change at any time without prior notice. We assume no responsibility 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 evaluation of asset performance should be conducted using additional data. Trading decisions should not be made solely based on this article. Please note that past performance is not indicative of future results. Follow Jenny's Warrants HKEX column for more professional insights.
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