LI NING(HK:02331) Ge Long Hui·2026-01-20 04:04Technical Analysis - Li Ning's stock price has shown a strong breakout, closing above the significant psychological level of 20 HKD, confirmed by increased trading volume, indicating heightened investor interest [1] - However, the rapid price increase has created technical adjustment pressure, with multiple oscillators signaling overbought conditions, including an RSI of 67 and warnings from the Williams and stochastic indicators [1] - Key resistance levels are identified at 21.4 HKD and 21.8 HKD, with a significant challenge expected at higher targets like 25 HKD [1] Market Perspectives - Long-term view highlights structural opportunities driven by favorable policies, such as tax rebates and consumption subsidies, which are expected to boost domestic demand through 2026 [4] - Li Ning, as a leading company in the domestic sports goods sector, is positioned to benefit from these long-term trends, with a recommendation for a call option with a strike price of 23.33 HKD [4] - Short-term perspectives express caution, noting that the stock is nearing overbought territory, with the daily, weekly, and monthly closing prices close to or exceeding the upper Bollinger Band [5] Derivative Products Analysis - Recent performance of derivative products shows significant leverage, with a call option gaining approximately 10% in two trading days, compared to a 2.36% increase in the underlying stock [6] - In the current market context, selecting derivative products should align closely with key technical levels of the underlying stock to manage risk effectively [8] - Specific call options, such as those with a strike price of 23.3 HKD, are designed for investors who believe in Li Ning's long-term potential and expect a breakout above short-term resistance [8]