Meituan's rebound is initially targeting 83.42 yuan, with confirmation of a turnaround requiring a move above 84.51 yuan.

$MEITUAN-W (03690.HK)$Meituan-W is currently trading at 82.75 yuan, remaining in a weak consolidation pattern overall. The stock price is below the 5-day, 10-day, 20-day, and 30-day moving averages, reflecting continued dominance by short-term selling pressure. The current price is close to the lower Bollinger Band at 79.708, which provides technical conditions for a rebound, but a confirmed turnaround will not occur until it moves back above 83.422.

Market sentiment is clearly skewed toward one-sided pessimism, focusing on three main areas: First, many investors are choosing to exit or shift to other markets, reflecting declining confidence in the Hong Kong stock market as a whole; second, short-selling sentiment is rising, with many voices suggesting that 'shorting is the way out'; third, a small number of investors are still attempting to defend or wait for a rebound near 80 yuan, but their confidence is evidently weak.

Overall market sentiment reflects a weak panic structure, accompanied by continuous slow declines, with capital tending to flow out. Although the Relative Strength Index (RSI) is nearing oversold levels, the market has not formed a consensus on bottom fishing, and there is more of a 'wait for a deeper fall' attitude prevailing.

The common questions focus on three points: whether 80 yuan is an iron bottom, whether one should try to buy the dip, and whether tech stocks have lost momentum. Technically speaking, 80 yuan is not a confirmed bottom, but rather a short-term critical psychological level. If it can stabilize above 79.708 and retest 83.422, there may be an opportunity to form a rebound structure; otherwise, once this support breaks, the next test area will be 73.600.

Short-term positioning still focuses on confirmation. Only by breaking back above 83.422 and 84.510 can it meet the conditions to retest 88.184; before confirmation, any rebound should prioritize risk control.

Meituan-W (03690) Key Strategy: A rebound will only be possible if it moves back above 83.422 and 84.510, with upside potential up to 88.184; if it breaks below 79.708, watch out for a drop to 73.600.

Strategy One | Rebound Deployment After Moving Back Above 83.422

28065 | Strike Price 87.04 | Actual Leverage 5.1x | Close to upper resistance, suitable for capturing early-stage rebound after moving back above the pivot point.

28039 | Strike Price 86.95 | Actual Leverage 4.2x | Closer to current price but with lower volatility, suitable for more stable rebound deployment.

27933 | Strike Price 86.99 | Actual Leverage 5.2x | Higher flexibility, suitable for use when rebound momentum strengthens.

$UBMTUAN@EC2610D.C (28065.HK)$$UBMTUAN@EC2612D.C (28039.HK)$$MSMTUAN@EC2610B.C (27933.HK)$

Strategy Two | Targeting 88.184 After Breaking Through 84.510

26527 | Strike Price 93.05 | Actual Leverage 5.4x | Mid-range out-of-the-money deployment, suitable for targeting extended rebounds after a breakout.

26737 | Strike Price 93.05 | Actual Leverage 5.6x | Higher leverage, suitable for capturing faster upward movement after short-term strength resumes.

26687 | Strike price 93.05 | Actual leverage 5.4x | Balanced terms, suitable for following the trend after breakout confirmation

$UBMTUAN@EC2610C.C (26527.HK)$$HSMTUAN@EC2610C.C (26737.HK)$$HUMTUAN@EC2610A.C (26687.HK)$

Strategy Three | Breakdown below 79.708 to guard against pullback

23001 | Strike price 77.83 | Actual leverage 3.4x | Close to lower support, suitable for capturing pullbacks after breakdown

28111 | Strike price 76.95 | Actual leverage 4.4x | Higher leverage, suitable for use when the downtrend accelerates

26983 | Strike price 75.00 | Actual leverage 4.1x | Closer to 73.600, suitable for deploying strategies anticipating further pullback

$CIMTUAN@EP2611A.P (26983.HK)$$CIMTUAN@EP2610B.P (28111.HK)$$UBMTUAN@EP2612A.P (23001.HK)$

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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