Has the rebound opportunity arrived? Hong Kong stocks welcome a strong start in May
$XIAOMI-W (01810.HK)$ Current price is 31.74, with the stock price above the 20-day line at 31.072 and the 30-day line at 31.442, showing initial signs of short-term stabilization. However, the current price remains below the upper Bollinger Band at 32.668, indicating that the current rebound from the lows has improved but hasn't truly strengthened yet. To confirm a continuation of the uptrend, it needs to stabilize first at 31.061, then break through the range between 31.457 and 32.668.
Investor comments reflect mixed market sentiment. On one hand, some believe there is still room for growth, even targeting 35, 40, or 45 yuan, while others think it could rise directly, showing that some funds still believe in Xiaomi's medium-term story. On the other hand, some investors feel the trend is weak, with single-day gains unable to hold, and warn against chasing highs, indicating that confidence in short-term buying has not fully recovered.
Common market questions focus on three points: First, whether the price can stabilize around 31 yuan; second, whether 31.5 yuan is a short-term peak; third, whether mobile and automotive businesses will support a higher valuation. Technically, 31.061 yuan is the short-term inflection point, 31.457 yuan approaches the next resistance zone, and 32.668 yuan represents a more significant breakout level. If it fails to break through 32.668, the target of above 35 yuan remains a more aggressive expectation.
In terms of trading volume, although some investors are paying attention to changes in volume, current technical analysis shows that the latest trading volume bar has contracted compared to earlier, coupled with a small rebound in stock price, suggesting that the rebound momentum is not strong. The Relative Strength Index (RSI) is approximately 54.906, with momentum returning to neutral stability, but without clear breakout signals. Therefore, the risk-reward ratio remains neutral at this stage.
Overall, Xiaomi Group's stock is showing initial signs of stabilization but has yet to enter a strong breakout phase. In the short term, holding above 31.061 could provide an opportunity to test levels between 31.457 and 32.668. If it falls below 31.061, consolidation may occur in the range of 30.594 to 29.454.

Key deployment: 31.061 is the watershed; holding steady could allow for a rebound test up to 32.668; if it fails to hold, it may fall back to consolidate around 30.594.
Strategy One | Low Absorption at Support Re-test
$UBXIAMI@EC2612A.C (13135.HK)$ | Strike Price 37.15 | Actual Leverage 5.0x | Moderately out-of-the-money, suitable for phased accumulation in the support zone during pullbacks $SGXIAMI@EC2612D.C (24819.HK)$ | Strike Price 37.12 | Actual Leverage 5.1x | Balanced flexibility and stability, suitable for rebound speculation without chasing highs $UBXIAMI@EC2610C.C (28164.HK)$ | Strike Price 39.8 | Actual Leverage 6.2x | Slightly higher leverage, suitable for aggressive deployment after confirmation of support
Strategy Two | Deployment on Breakdown Below Watershed
$UBXIAMI@EP2608A.P (26121.HK)$ | Strike Price 28.16 | Actual Leverage 6.2x | Provides flexibility for bearish momentum after breaking support, suitable for short-term weakness follow-up
$HSXIAMI@EP2607A.P (23111.HK)$ | Strike Price 29.86 | Actual Leverage 7.2x | Higher leverage, suitable for amplifying downside volatility after confirming weakness $CIXIAMI@EP2607A.P (22857.HK)$ |Strike Price 29.88|Actual Leverage 6.6x|Volatility is relatively balanced, suitable for more conservative bearish or hedging strategies
Restoring some investors' viewpoints
@目標每月十萬: A direct rise requires trading support and a breakout above 32.668; currently, it’s only showing initial signs of stabilization.
@吃拼好饭享快乐人生: Failing to rise in a single day indicates continued pressure near 31.457; expect fluctuations until a breakout occurs.
@26516936: Current rebound lacks strong trading support; if subsequent volume increases and breaks through 32.668, the signal will be more positive.
@Hou子: The 45 level requires stronger trend support; for now, focus on whether it can break above 32.668.
@22362032: Near 31.5, close to the 30-day line at 31.443, which indeed represents the first short-term resistance level.
Feel free to share your insights in the comment section. For more market analysis, please continue following ‘Hong Kong Stock Warrants Jenny’ for daily updates!
Friendly reminder: This article does not constitute any investment advice. $Hang Seng Index (800000.HK)$$Hang Seng TECH Index (800700.HK)$
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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