April 21 [HK Stocks Podcast] Part-2-Genscript Biotech, HSBC Holdings, China Mobile

4. Genscript Biotech (01548.HK): What is the next resistance level for investors to watch?

Genscript Biotech's short-term trend remains strong, but the current price has risen to HKD 14.42 and is very close to the upper Bollinger Band at HKD 14.598; therefore, the next resistance level to watch is around HKD 14.60, followed by today’s high of HKD 14.95.

From the daily chart perspective, the stock price has been continuously rising and is holding firmly above the 5-day moving average at HKD 13.796, the 10-day moving average at HKD 13.272, the 20-day moving average at HKD 12.214, and the 60-day moving average at HKD 12.168, indicating a clear short-term strengthening. The current price of HKD 14.42 is approaching the upper Bollinger Band at HKD 14.598, with today’s high at HKD 14.95, reflecting that the range between HKD 14.60 and HKD 14.95 will be the most important resistance zone in the near term.

However, it should be noted that the Relative Strength Index (RSI) has risen above 89, indicating an overheated level. This suggests that although the upward momentum is strong, resistance will become more apparent as the stock attempts to move higher in the short term.

Therefore, if asked about the next resistance level to watch, first look at HKD 14.60, followed by HKD 14.95.

5. HSBC Holdings (00005.HK): Investors expect the stock to reach HKD 150 in May, while also holding call warrants with a strike price of HKD 153.98.

HSBC Holdings' short-term trend remains strong, with the current price rising to HKD 143.70 and gradually approaching the upper Bollinger Band at HKD 149.41. Therefore, if the market expects a challenge to HKD 150 in May, technically it is not entirely impossible. However, it is still necessary to observe whether the area above HKD 149.41 and the previous high of HKD 144.48 can sustainably hold and further push higher.

From the daily chart structure, the stock closed at HKD 143.70 on April 21, with today’s high also at HKD 143.70, indicating that the closing price is near the day’s high, showing a stable trend. The 5-day moving average is at HKD 142.22, the 10-day moving average at HKD 140.81, the 20-day moving average at HKD 132.97, the 30-day moving average at HKD 131.06, and the 60-day moving average at HKD 131.92. The current price is holding above all these levels, demonstrating that the medium- and short-term structure remains strong. The middle Bollinger Band is at HKD 132.97, and the upper band is at HKD 149.41. The current price is nearing the upper band, and the RSI has risen above 81, indicating strong short-term momentum. However, this also reflects that the market conditions are in an overheated zone, meaning resistance will gradually increase if the stock continues to rise.

For investors expressing that May should reach HKD 150, holding call warrants with a strike price of HKD 153.98, from a technical standpoint, HKD 150 represents an extended target near the upper Bollinger Band at HKD 149.41. Thus, this view has technical support. However, the stock price is already in a high zone, with the Relative Strength Index (RSI) also being relatively high, meaning while the upward momentum is still intact, it may not advance linearly. If the market can continue to stabilize above the short-term support zone between HKD 142.22 and HKD 140.81, and further push towards HKD 149.41, then HKD 150 will become the market's next focus. As for the call warrants with a strike price of HKD 153.98, they will depend on whether the stock price can truly break through and approach above HKD 150; otherwise, more time will be needed for consolidation.

Overall, HSBC Holdings remains in a strong short-term uptrend pattern, with HKD 150 serving as the next reference target. However, given the current level nearing the upper band, attention should first be paid to consolidation pressure at higher levels. $UB#HSBC RC2809K.C (54902.HK)$$BI-HSBC@EC2609B.C (22630.HK)$$BP-HSBC@EC2606B.C (22551.HK)$$MS#HSBC RC2812B.C (55665.HK)$

6. China Mobile (00941.HK): Investors are asking if there is enough momentum to break through the two previous highs of HKD 85 and HKD 91? Some investors hold bull certificates with a recovery price of HKD 70.

China Mobile’s short-term trend has clearly strengthened, with the current price at HKD 83.70 already approaching the previous high area. However, breaking through both HKD 85 and HKD 91 in one go still requires a two-step analysis: first, whether it can effectively break near HKD 85, then assess if conditions are met to further challenge HKD 91.

From the daily chart perspective, the stock closed at HKD 83.70 on April 21st, with today's high also at HKD 83.70 and low at HKD 82.00; the closing price was close to the day's high, reflecting continued buying interest. The stock price has stabilized above the 5-day moving average at HKD 81.98, the 10-day moving average at HKD 81.53, the 20-day moving average at HKD 80.02, the 30-day moving average at HKD 79.81, and the 60-day moving average at HKD 79.41, indicating that the short-term structure remains strong. The middle axis of the Bollinger Band is at HKD 80.02, and the upper band is at HKD 83.46; the current price has moved above the upper band, while the Relative Strength Index (RSI) has risen above 90, showing strong short-term momentum but also reflecting an overheated market condition.

Regarding investors' concerns about whether there is enough strength to break through the two previous highs of HKD 85 and HKD 91, from the current technical position, the distance between HKD 83.70 and HKD 85 is relatively close. If the price can continue to stabilize above HKD 81.98 to HKD 81.53 in the short term, there is indeed a chance for further testing of HKD 85. However, as the current price is already above the upper band of the Bollinger Band, coupled with the RSI being at an extremely high level, this suggests that even though the trend remains strong, consolidation or volatility may occur around the time of breaking HKD 85. As for HKD 91, which is still some distance away, without first breaking and stabilizing above HKD 85, looking directly at HKD 91 at this stage is premature.

Additionally, some investors hold bull certificates with a recovery price of HKD 70. From the current market situation, HKD 70 is quite far from the current price, and the stock price remains stable above several medium- and short-term moving averages, indicating a still-strong technical structure. These types of bull certificates with lower recovery prices currently have a certain buffer. However, it should be noted that the index is already in an overheated zone, so if the short-term upward movement slows down, the likelihood of consolidation at higher levels will increase. Therefore, it is more important to observe whether the region between HKD 81.98 and HKD 80.02 can hold steady, as this will impact whether the uptrend can continue.

Overall, China Mobile remains in a strong short-term uptrend pattern, with HKD 85 being the nearest key resistance. If it can break through and stabilize above this level, there will be conditions to aim for higher targets; HKD 91 will be the next-level target, but for now, we need to first observe whether HKD 85 can truly open up further upside potential. $UB#C MOBRC2709C.C (63412.HK)$$BI-CMOB@EC2609A.C (24413.HK)$$UB#C MOBRC2809D.C (59908.HK)$$CI-CMOB@EC2607A.C (24937.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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