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港股窩輪Jenny
wrote a post · Apr 16 11:29

Geely Auto's consolidation at high levels has not disrupted the upward trend, and it remains strong as long as it holds above 23.20 yuan.

$GEELY AUTO (00175.HK)$
On the previous day (April 15), the stock closed at 24.04 yuan. The short-term trend is still in a consolidation phase after the uptrend, without showing clear signs of weakness. The stock had surged significantly from the low of 14.96 yuan, with substantial gains accumulated. Currently, profit-taking near 24 yuan is typical for strong stocks. The issue is not whether the uptrend has ended immediately, but that the current level is no longer an ideal entry point as the price is close to the upper range, momentum is starting to slow, making the risk-reward ratio only moderately attractive.
$GEELY AUTO (00175.HK)$ On the previous day (April 15), the stock closed at 24.04 yuan. The short-term trend is still in a consolidation phase after the uptrend, without showing clear signs of weakness. The stock had surged significantly from the low of 14.96 yuan, with substantial gains accumulated. Currently, profit-taking near 24 yuan is typical for strong stocks. The issue is not whether the uptrend has ended immediately, but that the current level is no longer an ideal entry point as the price is close to the upper range, momentum is starting to slow, making the risk-reward ratio only moderately attractive. Looking at the automobile manufacturing sector, market performance is sluggish, with most peers declining, and technical signals showing significant divergence. Among new energy and traditional automakers,$BYD COMPANY (01211.HK)$ 、 $GWMOTOR (02333.HK)$and$NIO-SW (09866.HK)$Geely Auto and Nio both received 'Sell' or 'Strong Sell' signals, forming the risk group within the sector. In particular, Nio’s RSI reached 66 (overbought), triggering a 'Strong Sell' signal, while Geely Auto’s RSI is as high as 79, which is the most extreme overbought condition in the sector. This makes Geely Auto and Nio the stocks with the most prominent short-term adjustment risks within the sector. On the other hand, $LI AUTO-W (02015.HK)$ 、 $XPENG-W (09868.HK)$and$BAIC MOTOR (01958.HK)$Then obtain...
Looking at the automobile manufacturing sector, market performance is sluggish, with most peers declining, and technical signals showing significant divergence. Among new energy and traditional automakers,$BYD COMPANY (01211.HK)$ 、 $GWMOTOR (02333.HK)$and$NIO-SW (09866.HK)$Geely Auto and Nio both received 'Sell' or 'Strong Sell' signals, forming the risk group within the sector. In particular, Nio’s RSI reached 66 (overbought), triggering a 'Strong Sell' signal, while Geely Auto’s RSI is as high as 79, which is the most extreme overbought condition in the sector. This makes Geely Auto and Nio the stocks with the most prominent short-term adjustment risks within the sector.
$GEELY AUTO (00175.HK)$ On the previous day (April 15), the stock closed at 24.04 yuan. The short-term trend is still in a consolidation phase after the uptrend, without showing clear signs of weakness. The stock had surged significantly from the low of 14.96 yuan, with substantial gains accumulated. Currently, profit-taking near 24 yuan is typical for strong stocks. The issue is not whether the uptrend has ended immediately, but that the current level is no longer an ideal entry point as the price is close to the upper range, momentum is starting to slow, making the risk-reward ratio only moderately attractive. Looking at the automobile manufacturing sector, market performance is sluggish, with most peers declining, and technical signals showing significant divergence. Among new energy and traditional automakers,$BYD COMPANY (01211.HK)$ 、 $GWMOTOR (02333.HK)$and$NIO-SW (09866.HK)$Geely Auto and Nio both received 'Sell' or 'Strong Sell' signals, forming the risk group within the sector. In particular, Nio’s RSI reached 66 (overbought), triggering a 'Strong Sell' signal, while Geely Auto’s RSI is as high as 79, which is the most extreme overbought condition in the sector. This makes Geely Auto and Nio the stocks with the most prominent short-term adjustment risks within the sector. On the other hand, $LI AUTO-W (02015.HK)$ 、 $XPENG-W (09868.HK)$and$BAIC MOTOR (01958.HK)$Then obtain...
On the other hand, $LI AUTO-W (02015.HK)$ 、 $XPENG-W (09868.HK)$and$BAIC MOTOR (01958.HK)$Others received a 'Buy' signal, indicating that the system judges their trend structure or technical position to be relatively healthy. This suggests that Geely Auto’s current high-level consolidation is happening in a complex environment where the entire sector is under pressure, with coexisting risks and opportunities.
From a technical perspective, the key issue now is not how optimistic the market is about the future, but whether the price can hold above 23.20 yuan. As long as it doesn’t fall below 23.20 yuan, the overall trend can still be considered a consolidation within an ongoing uptrend, with potential to retest 24.90 yuan or even aim for 25.60 yuan. Conversely, if 23.20 yuan is breached, it would indicate that the previous strong momentum is beginning to falter, and the stock price might retreat to around 22.00 yuan. In that case, the short-term outlook should shift from bullish to cautious.
@233250539 Asking whether a five-year cycle represents a full rotation reflects more emotional projection than technical analysis. The more important factor now is whether the stock price can maintain its upward structure of higher highs. For now, the uptrend has not been formally broken, so it’s premature to conclude that a cycle has ended based on just two days of pullback. @Typo@TypoOn one hand, some say it resembles the 2021 trend and seems finished; on the other hand, others argue it's merely a technical correction. This divergence actually reflects the current market uncertainty. A more objective view is that it's not over yet, but it’s also not in a position to rally unconditionally because stocks consolidating at highs naturally create investor hesitation about the future.
@fun396Mentioning falling more than$BYD COMPANY (01211.HK)$Mentioning a sharper decline than , this indicates short-term selling pressure on auto stocks. @孤城开个户 and @25984925 believe that capital may be rotating back into tech sectors, and after a month-long rally, the auto sector might no longer be the focus. This rotation logic is worth monitoring because even if individual stock structures remain intact, sector fund shifts can easily turn rapid gains into consolidation. Therefore, the key for Geely Auto now isn't immediate upward momentum, but whether it can sustain its uptrend structure after consolidation.
@我愛空姐黑絲Some investors mention buying at 24.60 yuan, reflecting how many are starting to chase the stock near its highs. However, this area is already close to short-term resistance and a high-level consolidation zone, leaving little buffer after purchase. @小小細 mentioned watching the stock rise until they couldn’t resist buying, only to worry it might mark the start of a downturn—a common psychological response during pullbacks in strong stocks. Technically, the best approach for such stocks isn’t emotionally chasing them at highs but waiting for pullbacks to support levels before entering, or following breakouts after new highs, which offers better risk-reward odds than impulsively entering mid-consolidation.
Regarding @吉利發財 saying “which stock only knows how to rise and never fall,” this statement is quite realistic. Strong stocks don’t rise in a straight line daily—consolidations and pullbacks are part of the process. @東區股神 believes investors who entered at lower levels can patiently wait, which remains valid as long as 23.20 yuan holds. Positions below this level still have room to grow, but defensive awareness should gradually increase rather than viewing the stock as completely risk-free.
@九零後華爾街毒王Mentioning a two-yuan drop in two days, @Siu Man Chan wonders whether a large bearish candle signifies the end, a concern that’s understandable. However, two days of pullback alone aren’t enough to determine the overall uptrend has ended. What truly matters is whether the stock finds support near 23.20 yuan after the pullback. If it holds, the adjustment is likely normal within the uptrend; if it doesn’t, caution against further weakness is warranted. @一毫不苟的萍 describes slowing momentum, which accurately reflects the current situation, though it doesn’t equate to a confirmed top.
For the more optimistic view, @嘚瑟熊猫 thinks hitting 26 yuan today would be impressive, while @戰鬥員K believes breaking through 25 yuan could set sights on 30 yuan. @俾返啲錢我啦** hopes to close above 25 yuan today, all reflecting expectations for upside potential. Technically, 24.90 yuan is indeed the first major resistance. A breakout and sustained hold above it would allow the stock to target 25.60 yuan, extending the uptrend. However, until that breakout occurs, the 25 yuan range remains a resistance-testing zone, not yet a fully confirmed bullish area.
@Bryant614 asks whether to exit early without dividends, even worrying about a drop back to 20 yuan on the ex-dividend date—a relatively defensive view. From a short-term chart perspective, there’s no need to assume such pessimism immediately, but if the price falls below 23.20 yuan, risks will indeed rise significantly. @24427090 asks whether to exit upon reaching 25 yuan again, which depends on how the stock behaves at 25 yuan. If it’s merely a rebound near resistance without strength to move higher, reducing positions is reasonable. If it breaks out and stabilizes above 24.90 yuan, then targeting 25.60 yuan or higher is justified.
Overall, Geely Auto remains in an upward trend at this stage, but it is not an ideal position to chase immediately. For short-term trading, the first and more advisable approach is to wait for the stock price to retrace near 23.20 yuan and stabilize before considering buying at a lower level, which offers a better risk-reward ratio. The second approach is to wait for the stock price to break through 24.90 yuan and stabilize before following the uptrend, with a target of 25.60 yuan. Conversely, if the 23.20 yuan support level is breached, it would indicate that the overall uptrend is beginning to weaken, and one should be cautious of a potential pullback to 22.00 yuan, shifting to a more conservative strategy accordingly.
Based on the above analysis, the strategies for deployment can be divided into the following main approaches:
$BIGEELY@EC2606A.C (20970.HK)$$UBGEELY@EC2606A.C (21015.HK)$$UB#GEELYRP2612F.P (68190.HK)$
$GEELY AUTO (00175.HK)$ On the previous day (April 15), the stock closed at 24.04 yuan. The short-term trend is still in a consolidation phase after the uptrend, without showing clear signs of weakness. The stock had surged significantly from the low of 14.96 yuan, with substantial gains accumulated. Currently, profit-taking near 24 yuan is typical for strong stocks. The issue is not whether the uptrend has ended immediately, but that the current level is no longer an ideal entry point as the price is close to the upper range, momentum is starting to slow, making the risk-reward ratio only moderately attractive. Looking at the automobile manufacturing sector, market performance is sluggish, with most peers declining, and technical signals showing significant divergence. Among new energy and traditional automakers,$BYD COMPANY (01211.HK)$ 、 $GWMOTOR (02333.HK)$and$NIO-SW (09866.HK)$Geely Auto and Nio both received 'Sell' or 'Strong Sell' signals, forming the risk group within the sector. In particular, Nio’s RSI reached 66 (overbought), triggering a 'Strong Sell' signal, while Geely Auto’s RSI is as high as 79, which is the most extreme overbought condition in the sector. This makes Geely Auto and Nio the stocks with the most prominent short-term adjustment risks within the sector. On the other hand, $LI AUTO-W (02015.HK)$ 、 $XPENG-W (09868.HK)$and$BAIC MOTOR (01958.HK)$Then obtain...
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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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