The bearish alignment of the Hang Seng Index moving averages remains unchanged, with short-term focus on the resistance battle at 25,239.
On the previous day (March 24th), $Hang Seng Index (800000.HK)$
The index closed at 25,063.71 points for the day, rising 2.79%, with a trading volume of 303.073 billion yuan, experiencing a technical rebound, but overall still remaining in a weak pattern.
We 【Hong Kong Stock Report】March 24th [HK Stocks Podcast] Part 1 - Hang Seng Index, Pop Mart, AIA,Commentators reviewed the Hang Seng Index: it closed at 25,063 points the previous day, and is currently still in the recovery phase after falling from 28,056 points; however, this can only be considered a weak rebound, not yet a true strengthening. Recently, the obvious trading range has been between 24,203 points and 28,056 points, with an overall fluctuation of about 15.9%. From a short-term trading perspective, the nearest support to watch is the area between 24,700 points and 24,203 points because 24,203 points represents a recent significant low, and the current price has just rebounded from that level. Above, resistance is first seen around 25,239 points, followed by the region between 25,500 points and 25,700 points, which is close to several short- and medium-term moving average pressures and will be key to whether further recovery can happen in the short term. $POP MART (09992.HK)$$AIA (01299.HK)$
Based on the latest technical data, further dissecting the details of the Hang Seng Index movement:
1. Support and Resistance: Support 2 at 23,799 points, Support 1 at 24,351 points, Resistance 1 at 25,857 points, Resistance 2 at 26,370 points. In the short term, focus should be placed on the support level at 24,700 points and the breakout situation at the resistance level of 25,239 points.
2. Core Technical Indicators: RSI is 37, close to the oversold region. Multiple oscillation indicators show sell signals; RSI indicator is neutral, Williams %R is neutral, stochastic oscillator shows buy signal. Bull-Bear Power indicator suggests oversold conditions, possible bottom formation, and issues a buy signal; MACD and Bollinger Bands issue sell signals.
3. Comprehensive Signals: The overall technical indicator summary signal is 'Buy,' with a signal strength of 10 and a 54% probability of an uptrend, slightly higher than 50%. The 5-day volatility is 7.6%, indicating significant fluctuations, reflecting that the short-term market remains in a weak rebound with mixed sentiment between bulls and bears.
![On the previous day (March 24th), $Hang Seng Index (800000.HK)$ The index closed at 25,063.71 points for the day, rising 2.79%, with a trading volume of 303.073 billion yuan, experiencing a technical rebound, but overall still remaining in a weak pattern. We 【Hong Kong Stock Report】[Share Link: March 24th [HK Stocks Podcast] Part 1 - Hang Seng Index, Pop Mart, AIA,]Commentators reviewed the Hang Seng Index: it closed at 25,063 points the previous day, and is currently still in the recovery phase after falling from 28,056 points; however, this can only be considered a weak rebound, not yet a true strengthening. Recently, the obvious trading range has been between 24,203 points and 28,056 points, with an overall fluctuation of about 15.9%. From a short-term trading perspective, the nearest support to watch is the area between 24,700 points and 24,203 points because 24,203 points represents a recent significant low, and the current price has just rebounded from that level. Above, resistance is first seen around 25,239 points, followed by the region between 25,500 points and 25,700 points, which is close to several short- and medium-term moving average pressures and will be key to whether further recovery can happen in the short term. $POP MART (09992.HK)$$AIA (01299.HK)$ Combining the latest technical data, we further analyze the details of the Hang Seng Index’s movements: 1. Support and Resistance: Support 2 is at 23,799 points, Support 1 is at 24,351 points, Resistance 1 is at 25,857 points, and Resistance 2 is at 26,370 points. In the short term, special attention should be paid to 24...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260325/web-1774400137153-orlA73Sskd.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
In terms of technical status: Moving averages remain downward overall, with no clear bullish alignment across the 5-day, 10-day, 20-day, or 30-day lines, indicating that the broader trend has not yet escaped weakness. Although the Relative Strength Index (RSI) has recovered from lower levels, it still resides in a weaker zone without strong bullish signals. Regarding Bollinger Bands, the index continues to move near the lower band, meaning that while there may be short-term technical rebounds, the overall movement is still within a weak recovery zone rather than returning to a strong zone.
![On the previous day (March 24th), $Hang Seng Index (800000.HK)$ The index closed at 25,063.71 points for the day, rising 2.79%, with a trading volume of 303.073 billion yuan, experiencing a technical rebound, but overall still remaining in a weak pattern. We 【Hong Kong Stock Report】[Share Link: March 24th [HK Stocks Podcast] Part 1 - Hang Seng Index, Pop Mart, AIA,]Commentators reviewed the Hang Seng Index: it closed at 25,063 points the previous day, and is currently still in the recovery phase after falling from 28,056 points; however, this can only be considered a weak rebound, not yet a true strengthening. Recently, the obvious trading range has been between 24,203 points and 28,056 points, with an overall fluctuation of about 15.9%. From a short-term trading perspective, the nearest support to watch is the area between 24,700 points and 24,203 points because 24,203 points represents a recent significant low, and the current price has just rebounded from that level. Above, resistance is first seen around 25,239 points, followed by the region between 25,500 points and 25,700 points, which is close to several short- and medium-term moving average pressures and will be key to whether further recovery can happen in the short term. $POP MART (09992.HK)$$AIA (01299.HK)$ Combining the latest technical data, we further analyze the details of the Hang Seng Index’s movements: 1. Support and Resistance: Support 2 is at 23,799 points, Support 1 is at 24,351 points, Resistance 1 is at 25,857 points, and Resistance 2 is at 26,370 points. In the short term, special attention should be paid to 24...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260325/web-1774400338361-Enj4S5JIDt.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
On March 24, Hong Kong stocks experienced widespread gains, with key blue-chip stocks rising across the board. Notable gainers included AIA, HSBC, Tencent, and Alibaba. However, the technical picture presented characteristics of 'mostly bullish with some divergence,' detailed as follows:
1. Strong Buy Signal Stocks (2 stocks):
$TENCENT (00700.HK)$ Closed at HKD 514, up 3.13%, closing price below MA10 (HKD 533.84), MA30 (HKD 529.96), and MA60 (HKD 568.52), with moving averages in bearish alignment. RSI at 37 approaches oversold levels, and the strong buy signal intensity is 12, indicating robust rebound momentum.
$BABA-W (09988.HK)$ Closed at HKD 123.2, up 2.92%, closing price below all major moving averages. RSI at 31 enters the oversold zone, and the strong buy signal intensity is 12, showing clear left-side rebound characteristics.
2. Buy Signal Stocks (7 stocks):
$MEITUAN-W (03690.HK)$ Closed at 79 yuan, up 3.20%. The closing price is below the MA10 (78.41 yuan), MA30 (80.74 yuan), and MA60 (90.37 yuan). RSI at 41 is neutral, with a buy signal strength of 10.
$HKEX (00388.HK)$ Closed at 391.6 yuan, up 2.35%. The closing price is below all moving averages. RSI at 38 is neutral but leaning weak, with a buy signal strength of 11. CCB (00939) closed at 7.97 yuan, up 2.31%. The closing price is slightly below the MA10 (7.98 yuan) and MA30 (7.99 yuan), but above the MA60 (7.87 yuan). RSI at 46 is neutral, with a buy signal strength of 10.
$PING AN (02318.HK)$ Closed at 59.5 yuan, up 3.48%. The closing price is below all moving averages. RSI at 32 enters the oversold zone, with a buy signal strength of 11. HSBC (00005) closed at 123.6 yuan, up 3.95%. The closing price is below all moving averages. RSI at 40 is neutral but leaning weak, with a buy signal strength of 9.
$CHINA MOBILE (00941.HK)$ Closed at 78 yuan, slightly up 0.19%. The closing price is below the MA10 (79.25 yuan), but above the MA30 (78.9 yuan) and MA60 (79.74 yuan). RSI at 42 is neutral, with a buy signal strength of 9.
$XIAOMI-W (01810.HK)$ Closed at 32.68 yuan, up 1.93%. The closing price is below all moving averages. RSI at 41 is neutral but leaning weak, with a buy signal strength of 11.
3. Sell Signal Stocks (1 stock): $AIA (01299.HK)$ Closed at 85.1 yuan, surged 7.25%. The closing price is above the MA10 (83.69 yuan) and MA30 (84.09 yuan), but below the MA60 (84.54 yuan). RSI at 48 is neutral, with a sell signal strength of 10. A technical divergence of 'price strong, signal weak' appears, indicating potential profit-taking pressure in the short term.
Overall Market Sentiment: The broad-based rally eased previous pessimism, with investor participation slightly rising. However, most blue chips remain below their moving averages, suggesting the market has not truly strengthened yet, and the rebound requires further confirmation.
Review and Selection of Hang Seng Index Warrants and Bull/Bear Products: Rational Deployment of Leverage Opportunities Amid Rebound
(I) Review of previous Warrant Bull/Bear performance:
Reviewing the Hang Seng Index-related warrants and bull/bear products recommended on March 18, performance was impressive: $JP#HSI RP2810Q.P (67685.HK)$ Up 76% in two days, $UB#HSI RP2804P.P (67154.HK)$ Up 73%, $BI-HSI @EP2606B.P (24183.HK)$ Up 42%, $UB-HSI @EP2606B.P (24041.HK)$ all significantly outperforming the Hang Seng Index's -2.87% performance during the same period, capturing good leverage returns for investors focused on derivatives.
![On the previous day (March 24th), $Hang Seng Index (800000.HK)$ The index closed at 25,063.71 points for the day, rising 2.79%, with a trading volume of 303.073 billion yuan, experiencing a technical rebound, but overall still remaining in a weak pattern. We 【Hong Kong Stock Report】[Share Link: March 24th [HK Stocks Podcast] Part 1 - Hang Seng Index, Pop Mart, AIA,]Commentators reviewed the Hang Seng Index: it closed at 25,063 points the previous day, and is currently still in the recovery phase after falling from 28,056 points; however, this can only be considered a weak rebound, not yet a true strengthening. Recently, the obvious trading range has been between 24,203 points and 28,056 points, with an overall fluctuation of about 15.9%. From a short-term trading perspective, the nearest support to watch is the area between 24,700 points and 24,203 points because 24,203 points represents a recent significant low, and the current price has just rebounded from that level. Above, resistance is first seen around 25,239 points, followed by the region between 25,500 points and 25,700 points, which is close to several short- and medium-term moving average pressures and will be key to whether further recovery can happen in the short term. $POP MART (09992.HK)$$AIA (01299.HK)$ Combining the latest technical data, we further analyze the details of the Hang Seng Index’s movements: 1. Support and Resistance: Support 2 is at 23,799 points, Support 1 is at 24,351 points, Resistance 1 is at 25,857 points, and Resistance 2 is at 26,370 points. In the short term, special attention should be paid to 24...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260325/web-1774400371365-oYbzFjt9s6.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
(II) Hang Seng Index Warrant Selection:
Considering the technical rebound of the Hang Seng Index and a buy signal strength of 10, two selected warrant products well-suited for short-term rebound expectations are recommended for investors' reference:
1、 $BP-HSI @EC2605A.C (23939.HK)$ : Actual leverage of 17.2, exercise price at 26,600 points; core advantages include the lowest premium and implied volatility, suitable for investors optimistic about further recovery of the Hang Seng Index who can tolerate certain fluctuations;
2、 $BI#HSI RC2801V.C (65083.HK)$ : Actual leverage of 24.3, recovery price at 24,118 points, with relatively low premium, suitable for investors expecting the Hang Seng Index to hold support at 24,700 points and continue its rebound.
![On the previous day (March 24th), $Hang Seng Index (800000.HK)$ The index closed at 25,063.71 points for the day, rising 2.79%, with a trading volume of 303.073 billion yuan, experiencing a technical rebound, but overall still remaining in a weak pattern. We 【Hong Kong Stock Report】[Share Link: March 24th [HK Stocks Podcast] Part 1 - Hang Seng Index, Pop Mart, AIA,]Commentators reviewed the Hang Seng Index: it closed at 25,063 points the previous day, and is currently still in the recovery phase after falling from 28,056 points; however, this can only be considered a weak rebound, not yet a true strengthening. Recently, the obvious trading range has been between 24,203 points and 28,056 points, with an overall fluctuation of about 15.9%. From a short-term trading perspective, the nearest support to watch is the area between 24,700 points and 24,203 points because 24,203 points represents a recent significant low, and the current price has just rebounded from that level. Above, resistance is first seen around 25,239 points, followed by the region between 25,500 points and 25,700 points, which is close to several short- and medium-term moving average pressures and will be key to whether further recovery can happen in the short term. $POP MART (09992.HK)$$AIA (01299.HK)$ Combining the latest technical data, we further analyze the details of the Hang Seng Index’s movements: 1. Support and Resistance: Support 2 is at 23,799 points, Support 1 is at 24,351 points, Resistance 1 is at 25,857 points, and Resistance 2 is at 26,370 points. In the short term, special attention should be paid to 24...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260325/web-1774400274594-QnJlpjCDiE.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
![On the previous day (March 24th), $Hang Seng Index (800000.HK)$ The index closed at 25,063.71 points for the day, rising 2.79%, with a trading volume of 303.073 billion yuan, experiencing a technical rebound, but overall still remaining in a weak pattern. We 【Hong Kong Stock Report】[Share Link: March 24th [HK Stocks Podcast] Part 1 - Hang Seng Index, Pop Mart, AIA,]Commentators reviewed the Hang Seng Index: it closed at 25,063 points the previous day, and is currently still in the recovery phase after falling from 28,056 points; however, this can only be considered a weak rebound, not yet a true strengthening. Recently, the obvious trading range has been between 24,203 points and 28,056 points, with an overall fluctuation of about 15.9%. From a short-term trading perspective, the nearest support to watch is the area between 24,700 points and 24,203 points because 24,203 points represents a recent significant low, and the current price has just rebounded from that level. Above, resistance is first seen around 25,239 points, followed by the region between 25,500 points and 25,700 points, which is close to several short- and medium-term moving average pressures and will be key to whether further recovery can happen in the short term. $POP MART (09992.HK)$$AIA (01299.HK)$ Combining the latest technical data, we further analyze the details of the Hang Seng Index’s movements: 1. Support and Resistance: Support 2 is at 23,799 points, Support 1 is at 24,351 points, Resistance 1 is at 25,857 points, and Resistance 2 is at 26,370 points. In the short term, special attention should be paid to 24...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260325/web-1774400274603-EschV1zVJA.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Risk Warning: The Hang Seng Index is still in a weak rebound phase and has not yet truly strengthened. Investors participating in warrants and bull/bear certificates should consider their own risk tolerance, rationally control positions, and closely monitor the resistance level at 25,239 points.
The Hang Seng Index has rebounded to 25,063 points. Do you think it can break through the resistance at 25,239? A. Yes B. No C. Uncertain.
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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