English
Back
Open Account
港股窩輪Jenny
wrote a post · Apr 27 10:50

Geely Auto's technical aspect is in a 'neutral' dilemma, with 23.4 yuan becoming the short-term dividing line for strength.

$GEELY AUTO (00175.HK)$
Last Friday (24th), the stock closed at 23.020 yuan for the day, already breaking below the critical level of 23.352 yuan, with market sentiment clearly weakening.
$GEELY AUTO (00175.HK)$ Last Friday (24th), the closing price was 23.020 yuan, already breaking below the pivotal level of 23.352 yuan, indicating a clear weakening in market sentiment. Looking at the automobile manufacturing sector, last Friday's market trend showed divergence. $XPENG-W (09868.HK)$ Despite the adverse market, it rose by 3.38%, with technical signals showing a 'strong buy,' making it a clearly strong target within the sector. However, Geely Auto fell by 2.70%, $LI AUTO-W (02015.HK)$ dropped by 4.44%, $NIO-SW (09866.HK)$ fell by 3.38%, $BYD COMPANY (01211.HK)$ and dropped by 2.22%, with all their technical signals being 'neutral'. This indicates that Geely Auto’s weak decline is not an isolated case but rather part of a broader pressure on the sector, where funds are selectively favoring only a few stocks. Its 'neutral' signal, compared to Xpeng’s 'strong buy,' highlights the clear preference of capital within the sector. This also implies that without overall sector recovery support, Geely Auto’s rebound will face greater challenges in its repair process. In the comment section, more investors are concerned about whether it has broken down, and many voices are waiting for lower levels, such as 21 yuan, 18 yuan, or even lower before considering redeployment, reflecting a decline in retail investor confidence. The market is currently divided into two camps. One side believes that after the stock price fell below the 20-day line, the trend has weakened, and there may be further downward pressure in the short term, potentially leading to a deeper correction.
Looking at the automobile manufacturing sector, the market trend was mixed last Friday. $XPENG-W (09868.HK)$ One company rose against the market trend by 3.38%, with a technical signal indicating 'Strong Buy,' becoming a clear outperformer in the sector. However, Geely Auto fell by 2.70%, $LI AUTO-W (02015.HK)$ dropped by 4.44%, $NIO-SW (09866.HK)$ fell by 3.38%, $BYD COMPANY (01211.HK)$ declined by 2.22%, with all their technical signals showing 'Neutral.'
$GEELY AUTO (00175.HK)$ Last Friday (24th), the closing price was 23.020 yuan, already breaking below the pivotal level of 23.352 yuan, indicating a clear weakening in market sentiment. Looking at the automobile manufacturing sector, last Friday's market trend showed divergence. $XPENG-W (09868.HK)$ Despite the adverse market, it rose by 3.38%, with technical signals showing a 'strong buy,' making it a clearly strong target within the sector. However, Geely Auto fell by 2.70%, $LI AUTO-W (02015.HK)$ dropped by 4.44%, $NIO-SW (09866.HK)$ fell by 3.38%, $BYD COMPANY (01211.HK)$ and dropped by 2.22%, with all their technical signals being 'neutral'. This indicates that Geely Auto’s weak decline is not an isolated case but rather part of a broader pressure on the sector, where funds are selectively favoring only a few stocks. Its 'neutral' signal, compared to Xpeng’s 'strong buy,' highlights the clear preference of capital within the sector. This also implies that without overall sector recovery support, Geely Auto’s rebound will face greater challenges in its repair process. In the comment section, more investors are concerned about whether it has broken down, and many voices are waiting for lower levels, such as 21 yuan, 18 yuan, or even lower before considering redeployment, reflecting a decline in retail investor confidence. The market is currently divided into two camps. One side believes that after the stock price fell below the 20-day line, the trend has weakened, and there may be further downward pressure in the short term, potentially leading to a deeper correction.
This suggests that Geely's weak decline is not an isolated case but rather reflects the overall pressure on the sector, with capital selectively favoring only a few individual stocks. Its 'Neutral' signal, compared to XPeng's 'Strong Buy,' highlights the clear preference of capital within the sector. This also means that without broad-based recovery support from the entire sector, Geely's rebound process will likely be more challenging.
In the comments section, many investors are discussing whether Geely Auto has already broken key support levels, while some are waiting for lower prices, such as 21 yuan, 18 yuan, or even lower before considering re-entry, reflecting a decline in retail investor confidence.
The market is currently divided into two sides. One side believes that after the stock price dropped below the 20-day line, the trend worsened, and there may be further downside risk in the short term, potentially leading to a deeper correction; the other side believes that major players or institutional investors are accumulating positions at lower levels, viewing the decline as an opportunity to buy on weakness. However, judging from the sentiment in the comments, voices expressing panic, stop-loss actions, margin calls, and those waiting for lower levels have clearly increased, indicating weak short-term sentiment.
Common questions focus on three aspects:
First, whether the price of 23 yuan can hold;
Second, whether it is necessary to stop loss near 24 yuan;
Third, whether it is still suitable to buy the dip after breaking below the 20-day line.
Technically, Geely's current price is already below the 5-day, 10-day, and 20-day moving averages, and has broken through the middle axis of the Bollinger Band at 23.352 yuan, reflecting insufficient short-term rebound momentum, with the trend shifting from a peak pullback to a weaker consolidation.
Geely’s Relative Strength Index (RSI) stands at 36.282, indicating weak short-term momentum but not reaching extreme oversold levels. The most critical level now remains at 23.352 yuan. If the price fails to rise back above this level, rebounds are likely to remain under pressure, with the next support level at 21.772 yuan. Only by reclaiming 23.352 yuan does it stand a chance to retest resistance between 24.012 and 24.332 yuan. At this stage, it is not advisable to prematurely confirm a bottom. Short-term strategy should prioritize risk management.
Reply to some investors' views:
@散魚 It would be more reasonable to wait for a drop closer to 21.772 yuan before reassessing. Entering at the current price offers low reward potential.
@DICKY MA At this stage, judgment cannot rely solely on holding positions. Technically, the price has broken below the pivotal level of 23.352 yuan.
@豪情快勝@豪情快勝 Geely's short-term trend has weakened. If it fails to regain 23.352 yuan, the rebound momentum will remain insufficient.
Based on the above analysis, the strategies for deployment can be divided into the following main approaches:
Key Deployment: Only consider a rebound setup if the price moves back above 23.352 yuan, targeting a test between 24.012 and 24.332 yuan. If it continues trading below 23.352 yuan, watch for downside towards 21.772 yuan in the short term.
Strategy One | Reclaiming 23.352 yuan for a rebound play
$UBGEELY@EC2609A.C (24988.HK)$ ｜Strike price 19.51 yuan｜Actual leverage 3.7x｜In-the-money product, higher defensiveness, suitable for observing whether a rebound can stabilize in a weak market
$GJGEELY@EC2606A.C (21621.HK)$ ｜Strike price 24.77 yuan｜Actual leverage 8.5x｜Closer to the resistance zone, suitable for capturing a short-term rebound after rising back to 23.352 yuan
$HSGEELY@EC2606A.C (20773.HK)$ ｜Strike price 24.75 yuan｜Actual leverage 8.3x｜Higher elasticity, suitable for short-term follow-up when rebound momentum improves
Strategy Two｜Follow the rebound continuation upon breaking through 24.012 yuan
$UBGEELY@EC2611A.C (27869.HK)$ ｜Strike price 27.82 yuan｜Actual leverage 4.6x｜Higher strike price, suitable for deploying a continued rebound after confirming a breakout above resistance
$HSGEELY@EC2611A.C (27618.HK)$ ｜Strike price 27.82 yuan｜Actual leverage 4.7x｜Suitable for following after a breakout, but still considered moderate leverage, not overly aggressive
$CIGEELY@EC2611A.C (22546.HK)$ ｜Strike price 27.78 yuan｜Actual leverage 4.7x｜Suitable for those optimistic about an extended rebound, but requires the stock price to first rise above short-term resistance
Strategy Three｜Continued weakness below 23.352 yuan
$UBGEELY@EP2610A.P (27780.HK)$ ｜Strike price 16.99 yuan｜Actual leverage 4.8x｜Suitable for deploying a pullback after breaching the watershed, targeting a continued weakness testing 21.772 yuan
$MSGEELY@EP2610A.P (27667.HK)$ ｜Strike price 16.99 yuan｜Actual leverage 5.0x｜Higher leverage, suitable for a more aggressive bearish stance after confirming weakening
$CIGEELY@EP2610A.P (27436.HK)$ | Strike Price 17.00 yuan | Actual Leverage 4.3x | Lower leverage, suitable for a cautiously bearish strategy without being overly aggressive
For more market analysis, stay tuned to Jenny's daily updates on 'Hong Kong Stock Warrants'!
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.
#HKStocks #Geely #AutoStocks #Real-TimeAnalysis #WarrantPick #WarrantGuide #DerivativesHedging #HKWarrantsJenny #Blue-ChipStocks #TechnicalAnalysis
$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Enterprises Index (800100.HK)$
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
Thumbs Up
1
244K Views
Report
Comments
Write a Comment...
1