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港股窩輪Jenny
joined discussion · Apr 30 09:09

April 29th [Hong Kong Stock Podcast] Part-2 - SMIC, Hong Kong Exchange, Yanzhou Energy

1. SMIC (00981.HK): Investors believe that the price drop on low volume and subsequent gap filling suggests a healthy trend. Will it return to HKD 70? Some investors hold bull contracts with a call price at HKD 53.
SMIC's current price is HKD 66.000, showing short-term bullish momentum. The stock price is above the 5-day line (HKD 64.570), 10-day line (HKD 62.135), 20-day line (HKD 58.590), 30-day line (HKD 58.200), 60-day line (HKD 63.097), and 250-day line (HKD 60.808), but still below the 120-day line (HKD 67.566), indicating that the upward trend has not fully broken through overhead resistance.
Technically, HKD 64.570 is the short-term watershed. As long as it holds above HKD 64.570, the structure remains strong; if it can further break through HKD 67.566, there may be an opportunity to test the upper Bollinger Band at HKD 68.204 in the short term. The Relative Strength Index stands at 68.455, indicating strong momentum, but it is nearing the overbought zone, making the risk-reward ratio of entering at current levels less favorable.
Some investors believe that the decline on lower volume, along with gap filling, indicates a healthy trend and are watching to see if the price can return to HKD 70. Technically speaking, the stock price needs to break through HKD 67.566 and HKD 68.204 first to have the potential to reach HKD 70; if it fails to break through, resistance above will continue to limit the rebound space.
Some investors hold bullish contracts with a stop-loss price of HKD 53. Compared to the current price of HKD 66.000, the distance from HKD 53 makes the stop-loss risk relatively low; however, in the short term, attention should still be paid to the critical level at HKD 64.570. If it falls below this, a retest of HKD 63.097 may occur. $CI-SMIC@EP2606A.P (13463.HK)$$BI-SMIC@EP2606A.P (21281.HK)$$BP#SMIC RP2712U.P (63476.HK)$$HS#SMIC RP2808A.P (59570.HK)$
1. SMIC (00981.HK): Investors believe that the price drop with reduced trading volume and gap filling indicates a healthy trend. Will it return to HKD 70? Some investors hold bull contracts with a call price at HKD 53. SMIC's current price is HKD 66.000, showing short-term bullish momentum. The stock price is above the 5-day line (HKD 64.570), 10-day line (HKD 62.135), 20-day line (HKD 58.590), 30-day line (HKD 58.200), 60-day line (HKD 63.097), and 250-day line (HKD 60.808), but still below the 120-day line (HKD 67.566), indicating that the upward trend has not fully broken through overhead resistance. Technically, HKD 64.570 is the short-term watershed. As long as it holds above HKD 64.570, the structure remains strong; if it can further break through HKD 67.566, there may be an opportunity to test the upper Bollinger Band at HKD 68.204 in the short term. The Relative Strength Index stands at 68.455, indicating strong momentum, but it is nearing the overbought zone, making the risk-reward ratio of entering at current levels less favorable. Some investors believe the price drop on low volume and subsequent gap filling suggests a healthy trend. They are watching whether it can return to HKD 70. Based on the current technical position, the stock price needs to first break through HKD 67.566 and HKD 68.204 before aiming for HKD 70; if it fails to break through, overhead resistance will continue to limit the rebound space. Some investors hold bull contracts with a call price of HKD 53. Compared to the current price of HKD 66.000, HKD 53 is relatively far from the current price, presenting a lower forced call risk. However, investors should still monitor the short-term watershed at HKD 64.570; if it falls below this level, a retest of HKD 63.0... could occur.
Hong Kong Exchange (00388.HK): Investors are asking whether the price can rise to HKD 427 and then test HKD 435 again. Some investors are taking profits by exiting call warrants.
The Hong Kong Exchange is currently trading at HKD 420.000, showing strengthening short-term momentum. The stock price is above several key moving averages and approaching the upper Bollinger Band at HKD 425.698, indicating that upward momentum remains intact, though resistance above is also increasing. Technically, HKD 412.520 serves as the short-term critical level. As long as it stays above HKD 412.520, the trend remains strong. If it breaks through HKD 421.200, there's an opportunity for a short-term test of HKD 425.698. The Relative Strength Index (RSI) stands at 66.420, reflecting strong momentum but not yet overbought, leaving room for continued upside.
Investors are asking if the price can rise to HKD 427 and then test HKD 435 again. Based on the current position, the stock price must first break through HKD 421.200 and HKD 425.698 to have the conditions to challenge HKD 427. As for HKD 435, there is insufficient technical confirmation at the moment; further observation is required after breaking through HKD 425.698.
Some investors choose to take profits by exiting call warrants. Given that the current price is near the upper Bollinger Band at HKD 425.698, and the RSI reflects strong momentum, locking in profits now is a prudent move. If the stock price cannot break through HKD 421.200 to HKD 425.698, a period of consolidation at higher levels may occur in the short term. $JP#HKEX RC2805G.C (58414.HK)$$UB#HKEX RC2804H.C (69858.HK)$$BI-HKEX@EC2609B.C (27149.HK)$$SG-HKEX@EC2609C.C (27548.HK)$
1. SMIC (00981.HK): Investors believe that the price drop with reduced trading volume and gap filling indicates a healthy trend. Will it return to HKD 70? Some investors hold bull contracts with a call price at HKD 53. SMIC's current price is HKD 66.000, showing short-term bullish momentum. The stock price is above the 5-day line (HKD 64.570), 10-day line (HKD 62.135), 20-day line (HKD 58.590), 30-day line (HKD 58.200), 60-day line (HKD 63.097), and 250-day line (HKD 60.808), but still below the 120-day line (HKD 67.566), indicating that the upward trend has not fully broken through overhead resistance. Technically, HKD 64.570 is the short-term watershed. As long as it holds above HKD 64.570, the structure remains strong; if it can further break through HKD 67.566, there may be an opportunity to test the upper Bollinger Band at HKD 68.204 in the short term. The Relative Strength Index stands at 68.455, indicating strong momentum, but it is nearing the overbought zone, making the risk-reward ratio of entering at current levels less favorable. Some investors believe the price drop on low volume and subsequent gap filling suggests a healthy trend. They are watching whether it can return to HKD 70. Based on the current technical position, the stock price needs to first break through HKD 67.566 and HKD 68.204 before aiming for HKD 70; if it fails to break through, overhead resistance will continue to limit the rebound space. Some investors hold bull contracts with a call price of HKD 53. Compared to the current price of HKD 66.000, HKD 53 is relatively far from the current price, presenting a lower forced call risk. However, investors should still monitor the short-term watershed at HKD 64.570; if it falls below this level, a retest of HKD 63.0... could occur.
Yanzhou Energy (01171.HK): The trend continues to show strength. Can the next resistance level at HKD 17.42 be broken? Some investors are watching call warrants with an exercise price of HKD 19.91.
Yanzhou Energy is currently trading at HKD 16.160, showing strong short-term momentum. The stock price is above the 5-day moving average (HKD 15.392), 10-day (HKD 14.930), 20-day (HKD 14.694), 30-day (HKD 15.198), and 60-day (HKD 14.345) lines, and has already broken through the upper Bollinger Band at HKD 15.785, reflecting significantly enhanced buying momentum in the short term.
Technically, HKD 15.785 acts as the short-term critical level. If the price can remain stable above it, the uptrend may continue. Immediate resistance lies at the high of HKD 17.420. The RSI stands at 76.291, which is considered overheated, indicating strong upward momentum, but the risk-reward ratio for chasing the stock at this point is not high, and caution is needed regarding profit-taking risks at higher levels.
Some investors are asking whether the price can break through the top at HKD 17.42. Based on the current position, the stock price needs to stabilize above HKD 15.785 first before gradually challenging HKD 17.420. Breaking through HKD 17.420 would open up new upward potential. If unable to break through, the stock may consolidate at higher levels in the short term.
Some investors are also paying attention to call warrants with a strike price of 19.91 yuan. Since 19.91 yuan is significantly higher than the current price, this represents a more aggressive deployment. The key lies in whether the underlying stock can break through 17.420; if the share price fails to surpass the previous high, the attractiveness of the related call warrants will decrease. $BIYKENR@EC2611A.C (26206.HK)$$BICSHIP@EC2610A.C (26207.HK)$
1. SMIC (00981.HK): Investors believe that the price drop with reduced trading volume and gap filling indicates a healthy trend. Will it return to HKD 70? Some investors hold bull contracts with a call price at HKD 53. SMIC's current price is HKD 66.000, showing short-term bullish momentum. The stock price is above the 5-day line (HKD 64.570), 10-day line (HKD 62.135), 20-day line (HKD 58.590), 30-day line (HKD 58.200), 60-day line (HKD 63.097), and 250-day line (HKD 60.808), but still below the 120-day line (HKD 67.566), indicating that the upward trend has not fully broken through overhead resistance. Technically, HKD 64.570 is the short-term watershed. As long as it holds above HKD 64.570, the structure remains strong; if it can further break through HKD 67.566, there may be an opportunity to test the upper Bollinger Band at HKD 68.204 in the short term. The Relative Strength Index stands at 68.455, indicating strong momentum, but it is nearing the overbought zone, making the risk-reward ratio of entering at current levels less favorable. Some investors believe the price drop on low volume and subsequent gap filling suggests a healthy trend. They are watching whether it can return to HKD 70. Based on the current technical position, the stock price needs to first break through HKD 67.566 and HKD 68.204 before aiming for HKD 70; if it fails to break through, overhead resistance will continue to limit the rebound space. Some investors hold bull contracts with a call price of HKD 53. Compared to the current price of HKD 66.000, HKD 53 is relatively far from the current price, presenting a lower forced call risk. However, investors should still monitor the short-term watershed at HKD 64.570; if it falls below this level, a retest of HKD 63.0... could occur.
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.
$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Enterprises Index (800100.HK)$
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
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