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港股窩輪Jenny
wrote a column · Apr 20 10:20

April 17 [HK Stocks Podcast] Part 2 - AAC Technologies, Sunny Optical, China Construction Bank

1. AAC Technologies (02018.HK): Investors noted a clear strengthening in the afternoon, with capital starting to flow in; what is the next target price?
AAC Technologies' afternoon performance indeed showed notable strength, with 38 yuan successfully reclaimed. The next short-term target can first aim for 38.88 yuan, and if it breaks through further, the focus shifts to the 40 to 40.5 yuan range.
AAC Technologies closed at HKD 38.02 on April 17, with today’s high at 38.78 and low at 37.14. The stock price surged in the afternoon and ended near the day's high, reflecting signs of buying pressure. From a daily chart perspective, the stock has moved above multiple short-term moving averages and is approaching the previous high of 38.88. In the short term, this indicates a strengthening rebound. Regarding the Bollinger Bands, the current price is close to the upper band at 38.16, showing strong short-term momentum but also implying potential technical resistance as it moves higher. The Relative Strength Index (RSI) rose above 74, indicating enhanced momentum, though it is entering overbought territory. For the upward trend to continue, increased trading volume will be necessary.
Investors are asking about the next target price. The most straightforward level to watch first is 38.88 yuan because it’s a significant previous high resistance level on the chart. If the price can effectively break through and stabilize above this level, there is potential in the short term to further challenge 39.5 to 40 yuan, and beyond that, around 40.5 yuan near the 120-day moving average and higher mid-term resistance zone. In other words, 38.88 yuan is the first hurdle, and only after breaking through it can we discuss targets around 40 yuan.
However, despite the recent strength, risks remain as the stock price is close to the upper Bollinger Band. If it fails to break through 38.88 in the short term, the price could consolidate between 37.3 and 36.8. If it holds above 37, the overall bullish pattern can still be maintained; however, a drop below 36.5 would indicate that the recent afternoon surge may not be strong enough to trigger a new upward trend.
Therefore, the most important question for the short term is not just looking at the most optimistic target but rather whether 38.88 yuan can be broken. If it breaks through, the target could move up to 40 to 40.5 yuan; if it doesn’t break through, consider it a strong rebound with resistance testing. $CI-AAC @EC2609B.C (27234.HK)$$BP-AAC @EC2609B.C (27514.HK)$
1. AAC Technologies (02018.HK): Investors noted a clear strengthening in the afternoon, with capital starting to flow in; what is the next target price? AAC Technologies' afternoon performance indeed showed notable strength, with 38 yuan successfully reclaimed. The next short-term target can first aim for 38.88 yuan, and if it breaks through further, the focus shifts to the 40 to 40.5 yuan range. AAC Technologies closed at HKD 38.02 on April 17, with today’s high at 38.78 and low at 37.14. The stock price surged in the afternoon and ended near the day's high, reflecting signs of buying pressure. From a daily chart perspective, the stock has moved above multiple short-term moving averages and is approaching the previous high of 38.88. In the short term, this indicates a strengthening rebound. Regarding the Bollinger Bands, the current price is close to the upper band at 38.16, showing strong short-term momentum but also implying potential technical resistance as it moves higher. The Relative Strength Index (RSI) rose above 74, indicating enhanced momentum, though it is entering overbought territory. For the upward trend to continue, increased trading volume will be necessary. Investors are asking about the next target price. The most straightforward level to watch first is 38.88 yuan because it’s a significant previous high resistance level on the chart. If the price can effectively break through and stabilize above this level, there is potential in the short term to further challenge 39.5 to 40 yuan, and beyond that, around 40.5 yuan near the 120-day moving average and higher mid-term resistance zone. In other words, 38.88 yuan is the first hurdle, and only after breaking through it can we discuss targets around 40 yuan. However, although it has strengthened at this stage...
2. Sunny Optical (02382.HK): Investors are asking whether they should increase their position now or wait for a pullback near the 60-day moving average before considering adding more.
Sunny Optical is not currently at an ideal position to add more holdings. A safer approach would be to wait for a pullback near the 60-day moving average unless the stock can effectively break through the resistance zone between 64.75 and 66.1. Otherwise, chasing at the current price offers limited risk-reward potential.
Sunny Optical closed at HKD 64.1 on April 17, with today’s high at 64.75 and low at 62.6. The stock has seen a notable rebound from its recent low of 51.5 and has regained support above the 5-day, 10-day, 20-day, 30-day, and 60-day moving averages, indicating a clear short-term uptrend. However, the current price is nearing the previous high and is close to the upper Bollinger Band at 66.4. The RSI has risen above 77, reflecting strong momentum, but also suggesting it is entering overbought territory.
When investors ask if they should add positions now, the advice leans against doing so directly at the current price. This is because the recent rally has already been substantial, and the stock is close to a resistance zone. Adding now may offer limited upside, but downside risks could increase if resistance is encountered. It is better to view the range between 64.75 and 66.1 as a resistance zone and see if the stock can truly break through.
If you want to add to your position, there are two reasonable approaches. First, wait for the price to pull back near the 60-day moving average, around 58.7 yuan, and then check if support remains intact, which would offer a better risk-reward ratio. Second, wait for the stock to break out with strong volume above 64.75 to 66.1 yuan and stabilize, then follow the momentum to add positions, confirming an upward trend.
Therefore, if you already own the stock, you can continue to hold and observe; if you want to add more positions, it is safer to wait for a pullback near the 60-day line or wait for confirmation of a breakout, rather than chasing in near 64 yuan, which is close to short-term resistance. $BI-SUNY@EC2606A.C (15842.HK)$$MS-SUNY@EC2606A.C (23432.HK)$
1. AAC Technologies (02018.HK): Investors noted a clear strengthening in the afternoon, with capital starting to flow in; what is the next target price? AAC Technologies' afternoon performance indeed showed notable strength, with 38 yuan successfully reclaimed. The next short-term target can first aim for 38.88 yuan, and if it breaks through further, the focus shifts to the 40 to 40.5 yuan range. AAC Technologies closed at HKD 38.02 on April 17, with today’s high at 38.78 and low at 37.14. The stock price surged in the afternoon and ended near the day's high, reflecting signs of buying pressure. From a daily chart perspective, the stock has moved above multiple short-term moving averages and is approaching the previous high of 38.88. In the short term, this indicates a strengthening rebound. Regarding the Bollinger Bands, the current price is close to the upper band at 38.16, showing strong short-term momentum but also implying potential technical resistance as it moves higher. The Relative Strength Index (RSI) rose above 74, indicating enhanced momentum, though it is entering overbought territory. For the upward trend to continue, increased trading volume will be necessary. Investors are asking about the next target price. The most straightforward level to watch first is 38.88 yuan because it’s a significant previous high resistance level on the chart. If the price can effectively break through and stabilize above this level, there is potential in the short term to further challenge 39.5 to 40 yuan, and beyond that, around 40.5 yuan near the 120-day moving average and higher mid-term resistance zone. In other words, 38.88 yuan is the first hurdle, and only after breaking through it can we discuss targets around 40 yuan. However, although it has strengthened at this stage...
3. China Construction Bank (00939.HK): The trend is strong, with a target of 10 yuan. Investors holding bullish warrants have a stop-loss price of 6.88 yuan. Some investors feel that it’s too high and are hesitant to buy.
China Construction Bank's performance is indeed on the stronger side, but at this stage, it has already risen to 8.68 yuan. In the short term, this represents an upward push. Reaching 10 yuan isn't entirely impossible, but it might not happen all at once. A more reasonable expectation is to first see if the price can stabilize at 8.68 yuan, then look towards 8.75 to 8.9 yuan, before gradually advancing above 9 yuan.
On April 17, China Construction Bank closed at 8.68 yuan, with today's high also at 8.68 yuan and the low at 8.5 yuan. The share price has been steadily rising along the 5-day and 10-day moving averages, significantly higher than the 20-day, 30-day, and 60-day lines, indicating a stable upward trend overall. Regarding the Bollinger Bands, the current price is nearing the upper band at 8.753 yuan, and the Relative Strength Index (RSI) has risen above 84, reflecting strong momentum but also suggesting signs of overheating in the short term. This indicates that while the trend remains positive, the entry point at these levels is no longer cheap.
For investors targeting 10 yuan, they are optimistic about the continuation of the upward trend. However, judging from the current chart, 10 yuan still seems like a mid-to-long-term goal, not something that will be reached within the next day or two. In the short term, focus on whether the price can stabilize near 8.75 yuan. If it breaks through and maintains strength, then aim for 9 yuan, after which there may be conditions for further upward movement.
Investors holding bull certificates with a stop-loss price of 6.88 yuan have a relatively larger margin of safety since this stop-loss price is still far from the current level, making it a safer deployment option. As long as China Construction Bank doesn’t fall below 8.5 yuan, or break down past 8.36 yuan, the overall uptrend will remain intact. However, even with a distant stop-loss level, the risk of profit-taking cannot be ignored, especially as the current price is approaching overbought territory, where any pullback could cause significant fluctuations in the bull certificate.
For investors who think it is too high and are hesitant to buy, this is a reasonable thought. Since this isn't the early stage of an upward movement but rather an extended position after a significant rise, chasing at the current price offers less favorable risk-reward compared to earlier stages. A more prudent approach would be to wait for a pullback to around 8.5 yuan before considering buying support, or waiting for the share price to break through 8.75 yuan and stabilize before following the trend.
Thus, this stock can still be viewed optimistically, but it's important to differentiate between a strong trend and whether chasing at this point offers good value — these are not the same thing. Those already holding can continue to aim higher along the trend, while those without a position should consider waiting for a pullback or confirmation of a breakout. It is not advisable to chase aggressively just because the stock appears to be in a strong uptrend. $BI-CCB @EC2612A.C (19572.HK)$$UB-CCB @EC2612B.C (20935.HK)$$JP#CCB RC2809A.C (54588.HK)$$UB#CCB RC2808B.C (58161.HK)$
1. AAC Technologies (02018.HK): Investors noted a clear strengthening in the afternoon, with capital starting to flow in; what is the next target price? AAC Technologies' afternoon performance indeed showed notable strength, with 38 yuan successfully reclaimed. The next short-term target can first aim for 38.88 yuan, and if it breaks through further, the focus shifts to the 40 to 40.5 yuan range. AAC Technologies closed at HKD 38.02 on April 17, with today’s high at 38.78 and low at 37.14. The stock price surged in the afternoon and ended near the day's high, reflecting signs of buying pressure. From a daily chart perspective, the stock has moved above multiple short-term moving averages and is approaching the previous high of 38.88. In the short term, this indicates a strengthening rebound. Regarding the Bollinger Bands, the current price is close to the upper band at 38.16, showing strong short-term momentum but also implying potential technical resistance as it moves higher. The Relative Strength Index (RSI) rose above 74, indicating enhanced momentum, though it is entering overbought territory. For the upward trend to continue, increased trading volume will be necessary. Investors are asking about the next target price. The most straightforward level to watch first is 38.88 yuan because it’s a significant previous high resistance level on the chart. If the price can effectively break through and stabilize above this level, there is potential in the short term to further challenge 39.5 to 40 yuan, and beyond that, around 40.5 yuan near the 120-day moving average and higher mid-term resistance zone. In other words, 38.88 yuan is the first hurdle, and only after breaking through it can we discuss targets around 40 yuan. However, although it has strengthened at this stage...
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 combine other data and should not solely rely on this article to make trading decisions. Please note that past performance is not indicative of future results. Follow Jenny's insights on Hong Kong stock warrants for more professional analysis.
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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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