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Has the rebound opportunity arrived? Hong Kong stocks welcome a strong start in May
港股窩輪Jenny
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Ganfeng Lithium is approaching the breakout level of 89, with the idea of reaching 100 yuan gaining momentum, but investors should wait for confirmation before entering.

$GANFENGLITHIUM (01772.HK)$
The closing price of the previous day (7th) was 89.000, already close to the upper Bollinger Band at 89.253, indicating a strong short-term structure. The stock price is also above the 10-day moving average at 83.395, the 20-day moving average at 81.828, and the 30-day moving average at 77.748, reflecting an overall upward trend. However, since the previous day’s closing price has not formally risen above 89.253, the current stage represents the eve of a breakout rather than a confirmed breakthrough.
$GANFENGLITHIUM (01772.HK)$ The closing price of the previous day (7th) was 89.000, already close to the upper Bollinger Band at 89.253, indicating a strong short-term structure. The stock price is also above the 10-day moving average at 83.395, the 20-day moving average at 81.828, and the 30-day moving average at 77.748, reflecting an overall upward trend. However, since the previous day’s closing price has not formally risen above 89.253, the current stage represents the eve of a breakout rather than a confirmed breakthrough. Within the resource sector, there is a clear 'strong vs weak' pattern. Ganfeng Lithium (01772) has a technical signal of 'sell', with the RSI reaching 70, indicating that it is in a short-term overbought state and facing significant profit-taking pressure. In contrast, $MAANSHAN IRON (00323.HK)$ And, $CHALCO (02600.HK)$ the technical signal is 'buy', with the RSI at a low range of 41-43, showing potential for a technical rebound; $ZIJIN MINING (02899.HK)$ the signal is 'neutral', with relatively stable movements. This suggests that Ganfeng's strength is primarily driven by individual stock flows rather than broad sector gains. Whether it can effectively break through 89.253 will require observing whether investors are willing to continue supporting at higher levels under the context of a 'sell' signal. From the comments, market optimism is quite evident, with some investors already setting short-term targets at 100, while more aggressive views mention 150 and 200. This reflects that as the stock price approaches higher levels, the market...
Within the resource sector, there is a clear 'strong vs weak' pattern. Ganfeng Lithium (01772) has a technical signal of 'sell', with the RSI reaching 70, indicating that it is in a short-term overbought state and facing significant profit-taking pressure. In contrast, $MAANSHAN IRON (00323.HK)$ And, $CHALCO (02600.HK)$ the technical signal is 'buy', with the RSI at a low range of 41-43, showing potential for a technical rebound; $ZIJIN MINING (02899.HK)$ the signal is 'neutral', with relatively stable movements. This suggests that Ganfeng's strength is primarily driven by individual stock flows rather than broad sector gains. Whether it can effectively break through 89.253 will require observing whether investors are willing to continue supporting at higher levels under the context of a 'sell' signal.
$GANFENGLITHIUM (01772.HK)$ The closing price of the previous day (7th) was 89.000, already close to the upper Bollinger Band at 89.253, indicating a strong short-term structure. The stock price is also above the 10-day moving average at 83.395, the 20-day moving average at 81.828, and the 30-day moving average at 77.748, reflecting an overall upward trend. However, since the previous day’s closing price has not formally risen above 89.253, the current stage represents the eve of a breakout rather than a confirmed breakthrough. Within the resource sector, there is a clear 'strong vs weak' pattern. Ganfeng Lithium (01772) has a technical signal of 'sell', with the RSI reaching 70, indicating that it is in a short-term overbought state and facing significant profit-taking pressure. In contrast, $MAANSHAN IRON (00323.HK)$ And, $CHALCO (02600.HK)$ the technical signal is 'buy', with the RSI at a low range of 41-43, showing potential for a technical rebound; $ZIJIN MINING (02899.HK)$ the signal is 'neutral', with relatively stable movements. This suggests that Ganfeng's strength is primarily driven by individual stock flows rather than broad sector gains. Whether it can effectively break through 89.253 will require observing whether investors are willing to continue supporting at higher levels under the context of a 'sell' signal. From the comments, market optimism is quite evident, with some investors already setting short-term targets at 100, while more aggressive views mention 150 and 200. This reflects that as the stock price approaches higher levels, the market...
Comments show that market optimism is quite evident, with some investors setting short-term targets at 100 yuan, and more aggressive views mentioning 150 and even 200. This reflects that as the stock price approaches higher levels, market imagination around lithium stocks is heating up again. Some comments suggest that the range between 85 and 88 yuan is still an accumulation zone, and if the price stabilizes, there may be an opportunity to wait for the next upward movement, showing that some funds prefer holding rather than rushing to exit.
At the same time, caution exists in the market. Some investors point out that the stock price has consistently failed to break through 89, while others are concerned that regulatory actions on leverage could weaken the stock. These comments reflect that the biggest short-term issue is not the lack of bullish sentiment, but whether the breakout level at 89.253 can truly be breached. If the breakout fails, overheated momentum combined with insufficient trading volume could easily trigger a pullback.
Technically, 89.253 is the most important threshold currently. If Ganfeng Lithium can break through and stabilize above this level, the short-term uptrend could continue, with 100 yuan becoming the first psychological target for the market. If it fails to break through, the stock price may retreat to consolidate between 83.395 and 81.828. The relative strength index is approximately 73.370, showing strong momentum but already entering overbought territory, along with the latest drop in trading volume, suggesting that the risk of chasing the stock has increased.
Overall, Ganfeng Lithium remains a relatively strong stock, but now is not the time to accumulate at a low position; instead, it's near the breakout confirmation level. Investors holding the stock can observe whether it can stabilize above 89.253; for those looking to add positions or enter, it would be prudent to wait for breakout confirmation or a pullback to the range of 83.395 to 81.828 before reassessing entry points.
Reply to some investors' views:
@投資最緊要自律: 85 to 88 yuan is indeed close to the recent strong range, but it is now approaching the breakout level. A solid hold could see whether 89.253 opens up further upside.
@空气弊If it can break through 89.253 and stabilize, 100 yuan will be the market's next natural target.
@炒股十年没有总结200 is a farther target; in the short term, we should first see if 89.253 can be broken, then look at 100 yuan.
Based on the above analysis, the strategies for deployment can be divided into the following main approaches:
$MSGANFE@EC2609A.C (25245.HK)$$BIGANFE@EC2609B.C (25232.HK)$
$UB#GANFERC2609C.C (56714.HK)$$UB#GANFERP2710A.P (57260.HK)$
$GANFENGLITHIUM (01772.HK)$ The closing price of the previous day (7th) was 89.000, already close to the upper Bollinger Band at 89.253, indicating a strong short-term structure. The stock price is also above the 10-day moving average at 83.395, the 20-day moving average at 81.828, and the 30-day moving average at 77.748, reflecting an overall upward trend. However, since the previous day’s closing price has not formally risen above 89.253, the current stage represents the eve of a breakout rather than a confirmed breakthrough. Within the resource sector, there is a clear 'strong vs weak' pattern. Ganfeng Lithium (01772) has a technical signal of 'sell', with the RSI reaching 70, indicating that it is in a short-term overbought state and facing significant profit-taking pressure. In contrast, $MAANSHAN IRON (00323.HK)$ And, $CHALCO (02600.HK)$ the technical signal is 'buy', with the RSI at a low range of 41-43, showing potential for a technical rebound; $ZIJIN MINING (02899.HK)$ the signal is 'neutral', with relatively stable movements. This suggests that Ganfeng's strength is primarily driven by individual stock flows rather than broad sector gains. Whether it can effectively break through 89.253 will require observing whether investors are willing to continue supporting at higher levels under the context of a 'sell' signal. From the comments, market optimism is quite evident, with some investors already setting short-term targets at 100, while more aggressive views mention 150 and 200. This reflects that as the stock price approaches higher levels, the market...
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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. 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; asset performance should be comprehensively evaluated using other sources of information, and trading decisions should not be made solely based on this article. Please note that past performance is not indicative of future results.
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