[Warrant Perspective] Bilibili's technical 'sell' signal triggered, is it a breakdown or a buying opportunity?

The stock came under pressure, closing at HKD 259.6, down 4.91% in a single day with a trading volume of HKD 1.57 billion. The trading volume was moderate without significant abnormal increase or decrease. The current share price (HKD 259.6) is below the MA10 (HKD 263), but above the MA30 (HKD 231.46) and MA60 (HKD 217.62), indicating short-term weakness but medium-term support remains intact and not completely broken down.

The RSI indicator is at 61, in a moderately strong range, not entering overbought or oversold territory, suggesting ongoing market tug-of-war without one-sided movement. MACD, Williams %R, CCI, and other oscillating indicators overall show neutral signals, further confirming a state of short-term balance between buyers and sellers. The summary technical signal is 'sell' with an intensity of 8. Multiple moving average lines indicate sell signals, while there are divergences among indicators such as Bollinger Bands and Ichimoku Cloud. Overall, short-term market sentiment leans cautious; blindly chasing the trend is not recommended.

On February 2, the internet and new economy sectors represented by Bilibili performed weakly, with most stocks recording declines, reflecting a risk-averse market sentiment.

1、 $KUAISHOU-W (01024.HK)$: Closing price HKD 77, down 3.93%. The stock price is below MA10, RSI at 53, technical signal indicates sell, short-term momentum is weak, with noticeable resistance at HKD 82.4;

2、 $MEITUAN-W (03690.HK)$ : Closing price at 94.85 yuan, down 2.42%. The stock price is under pressure below all major moving averages, but the RSI is at 36, nearing oversold levels, technical signal suggests buy, with potential for a short-term technical rebound.

3、 $JD-SW (09618.HK)$ 、 $NTES-S (09999.HK)$ : Both individual stocks have recorded declines, but their RSIs are at 38 and 33, approaching oversold levels; both technical signals indicate a buy, suggesting limited downside risk.

4、 $TENCENT (00700.HK)$ 、 $BIDU-SW (09888.HK)$ : The trend has been relatively stable with smaller declines; technical signals remain neutral, indicating no clear short-term direction, requiring adjustments based on broader market sentiment.

Overall, although the sector has generally declined, some stocks have shown oversold signals, meaning it’s not uniformly weak. Going forward, focus should be placed on whether key support levels hold and any changes in the broader market atmosphere.

As of 9:47 AM today (the 3rd), Bilibili's latest price was reported at 258.4 yuan, with a slight decline. There are two key support levels: 237 yuan (Support 1) and 217 yuan (Support 2), with 237 yuan being the stronger recent support. If this holds, the stock will likely maintain a range-bound movement in the short term. Resistance levels correspond to 282 yuan (Resistance 1) and 293 yuan (Resistance 2); upward movement requires breaking through these resistances to open up space.

Review of Bull/Bear Warrants & Featured Products:

Two Bilibili call warrants recommended on January 27, 2026, have both achieved positive returns: $HS-BILI@EC2603A.C (21369.HK)$ Gained 8% after two days, $MS-BILI@EC2603A.C (21245.HK)$ Gained 7% after two days, while the underlying stock gained 2.06% over the same period, demonstrating the leverage advantage of warrants.

Friendly reminder: Warrants are derivatives with relatively high volatility. Even if there have been positive returns in the early stages, it does not mean that the upward trend will continue. Investors should act within their means, control their positions, and proceed with caution.

Three more精选 Bilibili warrant products focusing on low premium and appropriate leverage for investors' reference:

1. $BI-BILI@EC2604A.C (23160.HK)$: Leverage of 5.2 times, exercise price of 275.2 yuan. The core advantage is the lowest premium and implied volatility, offering a relatively high cost-performance ratio, suitable for investors expecting a short-term rebound in the underlying stock and seeking stability.

2. $CI-BILI@EC2604A.C (18272.HK)$: Leverage of 5 times, exercise price of 275 yuan, with the highest leverage among call warrants and the lowest implied volatility, suitable for investors willing to take on some risk for potentially higher returns.

3. $CI-BILI@EP2608A.P (25323.HK)$: Leverage of 2.6 times, exercise price of 218.88 yuan, with the highest leverage among put warrants and the lowest premium and implied volatility, suitable for investors expecting a short-term decline in the underlying stock and using it for hedging risks.

Which scenario do you prefer for Bilibili in the short term? A. Hold above 237 yuan support and fluctuate. B. Break below 237 yuan and test 217 yuan. C. Rebound and break through 282 yuan resistance.

What is your preference for warrant operations? A. Call warrants (betting on a rebound). B. Put warrants (hedging and betting on adjustments). C. Do not operate warrants for now.

Come to the comment section and share your thoughts! Want to see more analysis? Remember to follow 'HK Stock Warrants Jenny' for daily updates!

Disclaimer: 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.

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