Core Viewpoint - Contemporary Amperex Technology Co., Limited (CATL) has shown strong performance in the stock market, with a price increase of 4.56% to 413 HKD, indicating a bullish trend supported by key moving averages [1][2]. Technical Analysis - The stock price has successfully broken through all significant moving averages, with MA10 at 380.74 HKD, MA30 at 338.39 HKD, and MA60 at 330.26 HKD, forming a typical bullish pattern [1]. - The RSI indicator is at 81, entering the overbought zone, suggesting a potential technical pullback in the short term [1]. - Immediate support is at 371 HKD, with a potential drop to 339 HKD if this level is breached; resistance is at 423 HKD, with a challenge to 462 HKD if broken [2]. Derivative Instruments Performance - On July 17, CATL-related derivative instruments exhibited significant leverage, with Societe Generale's call option (16834) soaring by 73% in two days, and Bank of China’s call option (16854) rising by 60% [4]. - For investors optimistic about CATL's future, Societe Generale's call option (16832) is highlighted for its 7.2x leverage and competitive pricing [7]. Market Sentiment - There is a mixed signal in technical indicators, with MACD maintaining a buy signal while momentum indicators show divergence, indicating potential market shifts [2]. - The current upward probability is estimated at 51%, with the bull-bear strength indicator also signaling a buying opportunity [2].

Core Viewpoint - HSBC's stock price has shown a strong upward trend, successfully breaking through key moving averages, indicating a robust bullish channel despite some technical divergence signals suggesting potential short-term adjustments [1]. Technical Analysis - As of July 18, HSBC's stock price reached 98.1 HKD, up 0.46%, with significant support at MA60 (92.35 HKD) and immediate support at 95 HKD. A drop below 95 HKD could lead to a further decline to 91.7 HKD. The psychological resistance level is at 99 HKD, with a potential challenge at 104.7 HKD if broken [1]. - The RSI indicator is at 72, indicating an overbought condition, while the 5-day volatility is at 2.7%, suggesting stable investor sentiment [1]. - Current upward probability is estimated at 53%, supported by a moderate increase in trading volume, indicating orderly capital inflow into the stock [1]. Derivative Instruments Performance - On July 16, HSBC-related derivatives demonstrated strong leverage effects, with Morgan Stanley's bull certificate (56622) and UBS's bull certificate (56446) both recording a 9% increase over two days, reflecting effective participation tools in the banking stock market [3]. - UBS call option (13631) and Bank of China call option (15974) also performed well, achieving gains of 7% and 6% respectively [3]. Recommended Derivative Instruments - For investors optimistic about HSBC's future, the call option (15475) is highlighted for its high leverage of 12.4 times and a strike price of 115.88 HKD, offering cost-effectiveness [6]. - For risk-averse investors, Bank of China put option (16855) provides a leverage of 7.1 times with a strike price of 81.5 HKD, while UBS put option (16699) offers 6.1 times leverage [6]. - Bearish instruments include UBS bear certificate (60586) with 11.7 times leverage and Morgan Stanley bear certificate (60926) with 10.6 times leverage, with respective recovery prices set at 105 HKD and 106 HKD [6].

Core Viewpoint - China Shenhua (01088) shows a moderate increase in stock price, indicating cautious market sentiment among investors [1] Technical Analysis - As of July 18, the stock price is at HKD 32.25, with a rise of 1.25%. The price is above the 10-day moving average (MA10) of HKD 31.54 but fluctuates near the 30-day (MA30) at HKD 32.71 and 60-day (MA60) at HKD 32.22, suggesting a consolidation pattern [1] - The Relative Strength Index (RSI) is at 53, indicating a neutral zone, while a 5-day volatility of 5.3% reflects cautious trading behavior [1] - Key support is at HKD 31.1; if breached, it may drop to HKD 30.6. Resistance is at HKD 33.6, and a breakthrough could lead to a challenge at HKD 34.7 [1] - Technical indicators show mixed signals: MACD indicates a buy signal, while momentum oscillators suggest a sell signal, indicating an imminent market direction choice [1] - The probability of an upward movement is estimated at 54%, with the bull-bear power indicator turning to a buy signal, providing some hope for future performance [1] Derivative Instruments - For investors optimistic about China Shenhua's future, the Morgan Stanley call option (16502) is noteworthy, offering a leverage of 4.7 times with a strike price of HKD 36.6 and the lowest implied volatility in its category [3] - The Bank of China call option (16929) has a strike price of HKD 42.93 and a leverage of 5.8 times. UBS and Morgan Stanley bull certificates provide a leverage of 5.9 times, with redemption prices set at HKD 27 and HKD 27.2, suitable for risk-tolerant investors [3] - For cautious investors, the UBS bear certificate (53197) offers a leverage of 5.9 times with a redemption price of HKD 37, appropriate for those anticipating a potential pullback in China Shenhua's stock [3]

Market Analysis - Bitcoin is consolidating, facing resistance due to high funding rates, indicating many are longing, potentially weighing down upward movement [1] - Ethereum has broken through resistance, but shows signs of selling pressure on the 4-hour chart, suggesting a period of consolidation before further upward movement [1] - Altcoins may present opportunities while Ethereum consolidates, but high volatility and risk require caution [1] Technical Analysis - Bitcoin's inability to break higher despite significant volume suggests potential for a pullback to clear late longs before further ascent [1] - Ethereum's potential five-wave structure suggests a possible top in the future, prompting consideration of profit-taking on long positions based on technical analysis rather than news [1] - Ethereum tested the 0618%-066% retracement level and failed to sustain above it, indicating a possible downward move based on 1:1 symmetry [1] Trading Strategy - The speaker advises against chasing Bitcoin longs at current levels, favoring a consolidation phase to shake out weak hands [1] - The speaker would consider buying Bitcoin if it dips, consolidates, and then recovers [1] - The speaker is not considering shorting Ethereum, anticipating further upward movement after a period of consolidation [1]

Core Viewpoint - Tencent Holdings is currently experiencing a tug-of-war around the 500 HKD mark, with the stock price at 507 HKD, indicating a technical stalemate [1] Technical Analysis - The stock is barely above the MA10 at 499.91 HKD but is constrained by the MA30 at 506.84 HKD, showing mixed indicator performance [1] - The overall technical indicators suggest a "sell" signal with a strength of only 9 points, while the bullish-bearish strength indicator shows a "buy" signal [1] - The RSI is at 51, indicating a neutral zone, and a 2.8% five-day volatility reflects a strong market wait-and-see atmosphere [1] Key Support and Resistance Levels - Key support is at 487 HKD, with a strong support zone at 470 HKD; resistance is at 518 HKD, and a breakthrough could challenge 535 HKD [3] - The current probability of an upward movement is 54%, indicating a balance between bullish and bearish forces [3] Product Performance - UBS bull certificate (69944) has performed well, surging 49% in two days with the underlying stock up 1.19%, showcasing high leverage characteristics [3] - HSBC bull certificate (69321) also performed strongly, increasing by 44% [3] - For call options, Bank of China call certificates (13873 and 29579) recorded increases of 16% and 12%, respectively [3] Investment Options - Investors with a bullish outlook can consider Bank of China call certificate 29579, which offers a leverage of 14.8 times with the lowest premium among similar products [6] - For those expecting significant upward movement, Bank of China call certificate 13873 provides a leverage of 17.8 times, although its premium is slightly higher but still reasonable [6] - For investors preferring bull certificates, UBS bull certificate 69944 offers an actual leverage of 18.4 times with a low premium [6] Hedging Options - For cautious investors, Citibank put certificate 15235 offers a leverage of 22.3 times with a relatively low premium, making it a primary choice for bearish outlooks [10] - For expectations of significant downturns, Societe Generale bear certificate 60438 provides a high leverage of 30.6 times with a recovery price set at 522 HKD [10] - UBS bear certificate 61324 also features a leverage of 30.6 times, with a recovery price of 520 HKD, providing a good risk-return ratio [10]

Group 1 - Ctrip's stock price has shown a strong trend, currently at 485.6 HKD, with a recent drop of 0.7% and a 5-day volatility of 7.6%, indicating robust market momentum [1] - The stock has surpassed key moving averages (MA10 at 470.64, MA30 at 472.79, and MA60 at 475.69), with multiple moving averages signaling a "strong buy" [1] - The RSI indicator is at 58, nearing the overbought zone, while MACD and Bollinger Bands continue to provide buy signals, although short-term overbought correction signals are present [1] Group 2 - Recent data indicates support levels at 466 HKD (previous neckline) and 448 HKD (medium-term uptrend line), with potential for capital inflow if the stock retraces to these levels [2] - The primary resistance level is at 503 HKD, and breaking this level could open up a path to 529 HKD, with a 54% probability of upward movement reflecting a slight bullish advantage [2] Group 3 - Ctrip's stock performance has led to significant gains in related leveraged products, with a 2.01% increase in the stock price resulting in a 13% rise in the Morgan Stanley bull certificate and a 12% rise in the UBS bull certificate over two trading days [4] - The stock's strong performance has attracted attention to various call and put options, with notable leverage ratios and strike prices indicating potential trading strategies [7][10] Group 4 - The market is currently observing a bullish sentiment towards Ctrip, with discussions on whether the stock can break through the 503 HKD level during the summer travel peak or if it will consolidate within the 466-503 HKD range [14]

Core Viewpoint - JD Group's stock price is currently fluctuating around HKD 121.6, showing a decline of 1.38%, with significant market divergence observed [2][5]. Technical Analysis - The stock is trading below key moving averages: MA10 at HKD 126.04, MA30 at HKD 128.3, and MA60 at HKD 130.6, indicating a prevailing "sell" signal [2]. - The technical strength index is low at 14, suggesting dominant downward pressure, while the RSI is at 41, nearing the oversold zone [2]. - Key support levels are identified at HKD 119.4 and HKD 115.2, with resistance at HKD 128 and potential further resistance at HKD 133.4 [5]. Market Sentiment - Recent trading activity shows a significant increase in bearish derivative products, with notable gains in put options as JD's stock price fell [5]. - The trading volume for JD's stock was reported at HKD 2.099 billion, indicating that capital has not significantly exited the market [5]. Derivative Products - Active trading in JD's warrants suggests potential short-term rebounds, with specific warrants offering leverage of 4.7 to 6.1 times [8]. - Investors looking for bearish positions can consider high-leverage put options, which have shown competitive pricing and volatility [8]. Bull and Bear Certificates - For aggressive investors, a bull certificate with a recovery price of HKD 118 offers a high leverage of 14.5 times, while a more conservative option has a recovery price of HKD 115 with 9.9 times leverage [10]. - Bear certificates are also available for those anticipating a rebound followed by a decline, with both options providing around 6.3 times leverage [10].

Core Viewpoint - Tencent Holdings (00700) is currently experiencing a volatile trading pattern, with the latest price at 504 HKD, reflecting a 1.69% increase. The stock is above the 10-day moving average but faces resistance from the 30-day moving average, while the 60-day moving average provides significant support. The mixed technical indicators suggest uncertainty in the short-term price movement [1]. Technical Analysis - Key support levels to watch include 488 HKD (Support 1) and 471 HKD (Support 2) if a breakdown occurs. Resistance levels are at 519 HKD (Resistance 1) and 536 HKD (Resistance 2). The probability of an upward movement is estimated at 56%, but the 5-day volatility is only 2.2%, indicating a strong market wait-and-see sentiment [2]. Product Performance Review - On July 9, when Tencent's stock rose by 1.19%, related derivatives showed strong performance. The Bank of China call warrant (29579) had a notable two-day increase of 22%, while another call warrant (13873) rose by 18%. This demonstrates the leverage effect of call warrants in a moderate upward market [5]. Recommended Products - For call warrants, the Bank of China call warrant (29579) is highlighted, with an exercise price of 560.5 HKD and a leverage of 14.5 times, offering excellent cost-effectiveness. Investors seeking higher leverage may consider the Bank of China call warrant (13873) with a leverage of 17.2 times. For put warrants, the Bank of China put warrant (17569) and UBS put warrant (16669) offer leverage of 14.3 times and 16 times, respectively, with exercise prices at 447.8 HKD and 443.13 HKD, where the Bank of China put warrant has the lowest implied volatility, providing better risk control [8]. Selected Bull and Bear Products - Among bull products, HSBC bull warrant (69321) and UBS bull warrant (69944) are attractive, offering leverage of 20.2 times and 19 times, with redemption prices set at 485.8 HKD and 484 HKD. The UBS bull warrant's low premium makes it a preferred choice for bullish investors. For bear products, the Societe Generale bear warrant (60438) and UBS bear warrant (61324) provide impressive leverage of 29.6 times, with redemption prices at 522 HKD and 520 HKD, suitable for aggressive investors expecting a pullback in Tencent's stock [11].

Group 1: Market Sentiment and Technical Analysis - Investors are divided on the Hang Seng Index (HSI), with bullish investors entering at 24,000 points and bearish investors expecting a drop to the same level, deploying bear certificates with a redemption price of 24,888 [1] - Technical analysis indicates a "buy" signal for the HSI, with the first resistance level at approximately 24,600 points, and a potential upward test towards 25,000 points if this level is breached [1] - Investors are advised to choose bear certificates with redemption prices above the second resistance level of 25,000 to avoid immediate redemption risks, even if it means sacrificing some leverage [1] Group 2: Company-Specific Insights - WuXi Biologics (02269.HK) shows a temporary "buy" signal with 15 buy signals and no sell signals, but there are 9 neutral signals indicating caution; resistance levels are at 28.5 and 29.5 [3] - WuXi AppTec (02359.HK) has a "buy" signal with 14 buy signals and 4 sell signals, indicating potential upward movement with short-term resistance at 98 and 99.6 [6] - Trip.com Group (09961.HK) has a "strong buy" signal after a rebound from 434.2 to 499.8, with resistance levels at 505 and 531 [9] - AIA Group (01299.HK) shows a mixed outlook with 15 buy signals and 3 sell signals; resistance levels are at 71.6 and 73.8, suggesting caution before challenging 75 [11] - JD.com (09618.HK) is experiencing bearish sentiment with a "sell" signal, and investors are advised to wait for a drop to 115 before considering entry [14]

Core Viewpoint - China Ping An (02318.HK) shows strong market performance with significant buying interest, indicating a potential upward breakout in stock price [1][4]. Technical Analysis - The stock price increased by 4.34% on July 10, closing at HKD 51.65, with a trading volume of HKD 4.181 billion, reflecting active market buying [1]. - As of 10:35 AM, the stock price rose to HKD 53.45, marking a 3.48% increase [1]. - Technical indicators suggest a bullish trend, with the stock successfully breaking above the 10-day (HKD 50.33) and 30-day (HKD 48.34) moving averages, and remaining above the 60-day moving average (HKD 47.12) [1]. - The MACD indicator shows a bullish crossover, and multiple technical indicators are signaling a "strong buy" [1][4]. Support and Resistance Levels - Key support levels are identified at HKD 48.9 (Support 1) and HKD 47.9 (Support 2), with the first resistance level at HKD 53.6 (Resistance 1) and a potential challenge at HKD 55.3 (Resistance 2) [4]. - The RSI indicator is at 57, nearing the overbought zone, but has not yet issued a sell signal, indicating further upward potential with a 54% probability of price increase [4]. Derivative Products - Bullish derivative products such as Morgan Stanley Bull Certificate (53099) and Societe Generale Bull Certificate (68530) have shown strong performance, with two-day gains of 14% and 11% respectively [4][11]. - Recommended call options include UBS Call Option (16750) and Bank of China Call Option (16856), both with a strike price of HKD 60.71 and approximately 9x leverage [7]. - For put options, UBS Put Option (28275) and HSBC Put Option (28259) are attractive, with a strike price of HKD 50.13 and around 7x leverage [7]. Investment Strategy - Investors are advised to monitor volume changes closely; a sustained breakout above HKD 53.6 could initiate a new upward trend [4]. - The recommended bull certificates have a safety margin with a redemption price set at HKD 44.2, providing about 7x actual leverage, suitable for medium-risk investors [11].