Core Viewpoint - Tencent's stock price is currently facing resistance at 665 HKD, with technical signals indicating a "sell" recommendation, while the support level is at 638 HKD [1][2]. Technical Analysis - Key support levels for Tencent are at 638 HKD and 617 HKD, while initial resistance is at 678 HKD, with a potential challenge at 692 HKD if the initial resistance is broken [2]. - The stock price is above the 10-day moving average (647 HKD) and significantly higher than the 30-day and 60-day moving averages, indicating a favorable short to medium-term trend [2]. - The RSI indicator is at 67, suggesting the stock may be in a strong zone but not yet overbought [2]. - Various oscillators show mixed signals, with the Williams indicator indicating overbought conditions but neutral, while the stochastic oscillator gives a buy signal, and MACD maintains a buy signal [2]. Leverage Products Performance - On September 25, market data showed significant performance in leveraged products, with HSBC call warrants (18949) rising by 13% and UBS bull certificates (56416) increasing by 29% over two days [4]. - Another UBS bull certificate (56153) saw a substantial rise of 34% in the same period, indicating that leveraged products can provide returns significantly higher than the underlying stock during volatility [4]. Investment Options - For investors optimistic about Tencent's short-term breakout, options include slightly out-of-the-money call warrants with lower implied volatility, such as the Guotai Junan call warrant (19049) offering approximately 10.2x leverage [7]. - UBS call warrant (18902) also presents a favorable option with 9.1x leverage and relatively low implied volatility [7]. - For bearish investors, there are put warrants available, such as the Bank of China put warrant (20518) and UBS put warrant (15152), both offering around 8x leverage with favorable pricing [7]. Bull and Bear Certificates - Investors expecting Tencent to consolidate within the 635-700 HKD range may consider related products, such as UBS bull certificate (63073) or HSBC bull certificate (61968), with redemption prices at 635 HKD and 636 HKD, respectively, offering approximately 18x leverage [9]. - For those with a bearish outlook, UBS bear certificate (66241) and JPMorgan bear certificate (66094) are available, both with redemption prices set at 700 HKD [9].

BTC’s weekly and daily charts don’t look too healthy right now as the MACD is still bearish on both timeframes.However, the daily RSI is forming a bullish divergence.Sometimes the best move is to wait. The next breakout could be massive.Support: $107,000Resistance: $113,500 · $118,000 ...

Market Overview - The market is experiencing a positive day with 10 out of 11 sectors in the green, the only lagging sector being energy [2] - A breakout from a flag pattern has occurred, with a resistance level identified at 6,590 [3] - There is significant trading activity with around 183,000 contracts traded for the day, indicating strong market momentum [4] Sector Performance - The MAG 7 components of the S&P 500 are performing exceptionally well, contributing to the overall market strength [5] - Semiconductors and Oracle are lagging, with Oracle experiencing a notable drawdown [6] - Tesla has seen aggressive options buying, pushing its stock higher, while healthcare is also showing positive momentum [8] Volatility and Market Sentiment - The VIX is currently at 14.74%, indicating low volatility, with potential for it to decrease further [9] - The market is grinding higher, outpacing implied volatility, which is a positive sign for continued upward movement [10] - There is a healthy market environment with bullish indicators such as MACD and RSI approaching overbought territory [13] Market Breadth - The advance-decline line for the NYSE and S&P 500 shows broad participation across sectors, making it difficult to push the market down [14] - The equal-weight S&P 500 is also in the green, reflecting widespread gains among stocks [15] - Overall, the market is exhibiting strong support and participation, suggesting a healthy trading environment [16]

RT Lilla (@Lillicagolden)1/4I've just bought a small bag of $USELESS. The setup is quite clean on the daily timeframe:1. Neutral RSI (around 44, which means there is still enough room to go up substantially)2. Bearish momentum losing power on the MACD, with a crossover being just a matter of time https://t.co/EHOhJw1LiL ...

ETH/BTC MACD BULLISH CROSS 🚨 https://t.co/CJyJn1id1f ...

Core Viewpoint - Silver is currently testing the upper boundary of a symmetrical triangle pattern, maintaining short-term bullish hopes despite recent price pressures from a stronger dollar and rising U.S. Treasury yields [1][3]. Group 1: Price Movements and Technical Analysis - Silver prices found support around $38.00 after a slight decline, rebounding to approximately $38.50 from a low of $38.08 [1]. - The recent pullback has brought silver back to the upper boundary of the triangle pattern, currently near the critical support area around $38.13 [3]. - A decisive break below the support level of $38.13 could invalidate the recent bullish breakout and shift short-term momentum in favor of bearish positions [3]. Group 2: Indicators and Market Sentiment - Momentum signals are mixed, with the Relative Strength Index (RSI) slightly recovering while the MACD remains below the signal line, indicating weakness [1]. - The RSI is hovering around 50, suggesting a lack of clear directional strength, while the MACD shows a decrease in bullish momentum with a bearish crossover [3]. - Future resistance levels are identified at $38.63 and $39.06, with a need for sustained breakthroughs to restore bullish momentum towards the next target of $39.53 [3]. Group 3: Market Context - The silver market is under pressure due to renewed demand for the dollar and rising U.S. Treasury yields, which are impacting precious metals [1]. - Concerns regarding the independence of the Federal Reserve have been heightened following President Trump's announcement to dismiss Fed official Lisa Cook, contributing to market volatility [1].

Market Analysis of Bitcoin - Bitcoin's weekly chart shows potential consolidation within a distribution range, despite recent volatility, with the price testing previous highs and recovering [1] - A bearish MACD divergence on the weekly chart suggests potential selling pressure from spot holders, reminiscent of a previous divergence that led to a price decline [1] - A break below the recent lows, coupled with the MACD divergence, could indicate a significant downward move for Bitcoin [1] - On the daily chart, Bitcoin's price has broken below a support level that previously triggered strong rebounds, indicating a weakening trend [1] - A potential shorting opportunity may arise if Bitcoin rebounds to the 0618%-066% Fibonacci retracement level after the recent sharp decline [1] - Failure to hold the current support level could lead to further price declines, with any subsequent rallies presenting shorting opportunities [1] Market Analysis of Ethereum - Ethereum experienced a potential "fake breakout" at the $4,000 level, followed by a decline, suggesting a possible distribution phase [1] - A shift in market structure is observed on the 1-hour and 4-hour charts, indicating a potential downward trend for Ethereum [1] - Ethereum's rally from $2,000 to the current level may warrant profit-taking at the $4,000 resistance [1]

Core Viewpoint - 瑞声科技 (02018) has shown strong upward momentum, breaking through key technical levels and signaling potential for further gains in the near term [1][2]. Technical Analysis - The stock price reached a high of 50.6 HKD, currently trading at 50.15 HKD, reflecting a 6.03% increase [1]. - The price has surpassed the 10-day (44.86 HKD), 30-day (41.93 HKD), and 60-day (40.45 HKD) moving averages, indicating a "buy" signal [1]. - The Relative Strength Index (RSI) is at 76, entering the overbought territory, while the Williams and Stochastic indicators also signal buying opportunities [1]. - CCI indicator shows overbought conditions, suggesting potential short-term pullback risks [1]. Support and Resistance Levels - Immediate support levels are at 45.1 HKD (Support 1) and 42.8 HKD (Support 2) [2]. - Resistance levels are identified at 52 HKD (Resistance 1) and 56.2 HKD (Resistance 2) [2]. Derivative Products Performance - A notable performance was observed in the recommended derivative products, with a call option (15694) surging by 50% during a 9.13% rise in 瑞声科技 [4]. - The 国君 call option (15427) offers a leverage of 5.5 times with an exercise price of 54.73 HKD, making it suitable for investors anticipating a breakout above 52 HKD [6]. - The 中银 call option (18352) has a slightly lower leverage of 2.8 times but offers a favorable implied volatility of 61.89%, suitable for short-term trading [6]. Market Sentiment - The market shows mixed sentiments with a 5-day volatility of 12.6%, reflecting differing opinions on future price movements [2]. - The bullish camp argues that the MACD and moving averages indicate strong short-term momentum, suggesting that any pullback could be a buying opportunity [10]. - Conversely, the cautious camp highlights the overbought RSI and potential for a price correction, advocating for strict stop-loss measures when entering positions [10].

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1. Report Industry Investment Rating There is no information about the report industry investment rating provided in the content. 2. Core Viewpoints of the Report - The PMI data fell short of expectations, and stainless steel showed a weak and volatile trend. The nickel market also had a weak performance, with the nickel futures contract showing a decline and the stainless - steel futures contract also under pressure [1][4]. - In the nickel market, although the refined nickel spot had some support, the supply - surplus pattern remained. The stainless - steel market faced downward pressure with a decline in spot trading volume and cooling downstream purchasing sentiment [2][4]. 3. Summary by Related Catalogs Nickel Variety Market Analysis - On July 31, 2025, the main nickel contract 2509 opened at 121,050 yuan/ton and closed at 119,830 yuan/ton, a - 1.79% change from the previous trading day. The trading volume was 143,818 lots, and the open interest was 97,451 lots [1]. - The main nickel contract 2509 was weak and volatile throughout the day, with a decrease in trading volume and a slight increase in open interest compared to the previous day. The short - term downward momentum was accumulating, and the 117,000 yuan/ton level was expected to be a strong support in the medium and long term [2]. - In the spot market, the prices of major brands of refined nickel decreased. The spot price provided support to the futures price, with the premium of Jinchuan nickel changing to 2,200 yuan/ton, the premium of imported nickel remaining at 300 yuan/ton, and the premium of nickel beans at - 450 yuan/ton. The previous day's Shanghai nickel warehouse receipts were 21,705 (- 54.0) tons, and LME nickel inventories were 208,692 ( + 600) tons [2]. Strategy - Given the cooling market sentiment and the supply - surplus pattern, the expected upper range was 123,000 - 125,000 yuan/ton, and the lower range was 117,000 - 118,000 yuan/ton. Short - term range trading was recommended. For trading strategies, only single - side range trading was proposed, while cross - period, cross - variety, spot - futures, and options trading were not recommended [3]. Stainless Steel Variety Market Analysis - On July 31, 2025, the main stainless - steel contract 2509 opened at 12,940 yuan/ton and closed at 12,805 yuan/ton. The trading volume was 147,342 lots, and the open interest was 94,448 lots [3]. - The main stainless - steel contract was weak and volatile, with a decrease in both trading volume and open interest compared to the previous day. The 13,100 yuan/ton level was considered a short - term resistance, and the 12,400 yuan/ton level was expected to be a strong support in the medium and long term [4]. - In the spot market, the prices in Foshan decreased by 50 yuan/ton compared to the previous day, and the trading volume declined. The nickel - iron market price also decreased, and it was expected to remain stable in the short term. The stainless - steel prices in Wuxi and Foshan were both 13,000 yuan/ton, and the 304/2B premium was 250 - 450 yuan/ton [4]. Strategy - Since the main stainless - steel contract formed a bottom - divergence structure at 12,400 yuan/ton, it was waiting to break through the 120 - day moving - average resistance. The expected upper range was around 13,100 yuan/ton, and the lower range was 12,400 - 12,500 yuan/ton. Short - term range trading was recommended. The single - side trading strategy was neutral, and cross - period, cross - variety, spot - futures, and options trading were not recommended [6].