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].

Cryptocurrency Exchange Platforms - Bybit is highlighted as a platform suitable for technical analysis [1] - Binance is mentioned as the largest global exchange, offering a 40% fee reduction [1] - OKX is noted as an established exchange with commission waivers [1] - Pionex is recommended for grid trading [1] Community and Resources - A Discord community is available for user support, with a dedicated helper [1] - The document promotes a Twitter account for updates [1] - Online courses are offered [1] - A Telegram channel provides announcements [1] Cryptocurrency Topics and Keywords - The document includes a range of cryptocurrency-related hashtags, such as Bitcoin, Ethereum, Dogecoin, and others [1] - Technical analysis concepts like Dow Theory, Elliott Wave Theory, Fibonacci, and Gann Theory are mentioned [1] - Terms related to trading strategies, such as "抄底 (dip buying)", "做多 (long)", "做空 (short)", and "套保 (hedging)" are included [1] - Mentions of "比特幣減半2024 (Bitcoin halving 2024)" suggest focus on future events [1]

Core Viewpoint - The stock price of Sinochem (386) is currently at HKD 4.2, reflecting a slight increase of 0.48%, with market participation gradually increasing as indicated by a 1.70% price fluctuation over the past five days [1][3]. Technical Analysis - The support levels for the stock are at HKD 4.1 and HKD 4.04, while resistance levels are at HKD 4.26 and HKD 4.32. The current price trend is neutral to bullish, with the market awaiting a breakout signal [1][3]. - Technical ratings have shown two consecutive days of "neutral" signals, with a system assessment indicating a 54% probability of price increase, suggesting a maintained short-term bullish trend [1][3]. Market Opportunities - A successful breakout above HKD 4.26 could attract more capital, challenging the resistance at HKD 4.32. Conversely, a drop below HKD 4.1 may lead to a corrective structure, potentially revisiting the HKD 4.04 area for new buying opportunities [3]. - In the warrants market, Sinochem's recent stock price volatility has provided trading opportunities. The call warrant 15008 offers a leverage of 16 times, suitable for aggressive investors, with an exercise price of HKD 4.88 [3][7]. - UBS call warrant 16466 and JPMorgan call warrant 16450 provide leverage of 8.6 times and 8.9 times, respectively, both with an exercise price of HKD 4.87, appealing to conservative investors seeking potential upward movements [3][7]. - The bull certificate from Societe Generale (62915) offers a leverage of 7.3 times with a recovery price set at HKD 3.55, making it attractive for investors expecting steady price increases [3][7]. Investment Strategy - Investors are advised to choose based on their risk preferences: aggressive investors may consider warrant 15008, balanced investors may opt for UBS 16466 or JPMorgan 16450, while those preferring bull certificates should focus on Societe Generale 62915 [7]. - It is recommended to monitor volume changes closely, especially for potential breakout confirmations at key resistance levels, and to adopt a range trading or phased layout strategy to capture swing opportunities [7].

Core Viewpoint - HSBC Holdings is currently in a stable upward trend, supported by multiple technical indicators, suggesting a potential breakthrough of the psychological barrier at HKD 100 [1][13]. Technical Analysis - As of July 7, 2025, HSBC's closing price was HKD 95.25, with a slight increase of 0.47%. The stock is above its 10-day (HKD 94.7), 30-day (HKD 93.29), and 60-day (HKD 89.4) moving averages, indicating a bullish structure [1]. - The current technical support range is between HKD 88.8 and HKD 92.1, while resistance is found at HKD 98.4 and HKD 101.7, which are key psychological levels [3]. - The probability of HSBC's price rising is estimated at 53%, with technical indicators showing a strong buy signal and no signs of weakness [3]. - The RSI is at 65, indicating strong momentum without being overbought, while the MACD shows a clear buy signal [3]. - Trading volume on July 7 reached HKD 1.046 billion, indicating increased market interest [3]. Investment Products - UBS call option 13761 offers the highest leverage at 23.1 times, with a strike price of HKD 102.88, suitable for investors optimistic about HSBC's short-term performance [6]. - UBS put option 16855 and JPMorgan put option 15239 provide leverage of 6.6 times and 5.7 times, respectively, appealing to investors expecting a price correction [7]. - UBS bull certificates 68629 and JPMorgan bull certificates 56622 offer leverage of 23.2 times and 16.1 times, respectively, with different risk-return profiles [10]. Overall Market Sentiment - HSBC is in a clear bullish phase, with steady momentum making it suitable for medium to long-term investments. A successful breakout above HKD 98.4 could further enhance market sentiment [13].

Core Viewpoint - Tencent Holdings (00700) is currently experiencing a tug-of-war around the 500 HKD mark, with the latest price at 503.5 HKD, reflecting a slight increase of 0.2%. The stock is at a critical turning point, with the 10-day moving average (505.48 HKD) and 30-day moving average (507.83 HKD) acting as resistance, while the 60-day moving average (497.11 HKD) provides support. The divergence in technical indicators, with MACD showing a sell signal and momentum oscillators indicating a buy signal, warrants close attention from investors [1]. Technical Analysis - The first support level is at 487 HKD, and the second support level is at 470 HKD, which are crucial for assessing short-term trends. On the upside, 518 HKD is a recent rebound high, and a breakthrough could lead to a challenge of the 535 HKD level. The stock's 5-day volatility is only 3.1%, indicating a relatively low volatility environment, which may suggest an impending directional choice [3]. - The market sentiment is currently neutral, as indicated by the bull-bear strength indicator. The RSI at 50 shows that the stock is neither overbought nor oversold, leaving ample room for future price movements. Although moving averages signal a strong sell, the stock has begun to recover some averages, and if it can maintain above 505 HKD in the coming days, it may reverse the short-term bearish trend [7]. Trading Strategy - In the current technical environment, short-term investors are advised to adopt a range trading strategy within the 487-518 HKD range. Conservative investors may wait for clear breakout signals; a volume-driven breakthrough above 518 HKD could be a signal to follow the trend, while a drop below 487 HKD would warrant caution for further downside risks. Given the low volatility, investors using derivative instruments should be particularly mindful of time decay [8]. Derivative Product Recommendations - For call options, the Bank of China call option 29579 offers a stable choice with a leverage of 14.5 times and an exercise price of 560.5 HKD, featuring the lowest premium and implied volatility among peers, effectively reducing holding costs. The Bank of China call option 13873 provides a higher leverage of 16.6 times with an exercise price of 563.5 HKD, suitable for investors expecting a rapid breakthrough. Both products are moderately out-of-the-money (approximately 11-12%) and are ideal for balancing risk and return [9]. - For bull certificates, UBS bull certificates 68481 and 68650 have redemption prices set at 477.2 HKD and 474 HKD, respectively, maintaining a safety margin of about 5-6% from the current price, offering leverage of 15.5 times and 14 times. These products are suitable for gradual accumulation when Tencent retraces to the 487 HKD support level. For bearish strategies, UBS bear certificate 61324 and Societe Generale bear certificate 60438 have redemption prices between 520-522 HKD, providing nearly 30 times leverage but with high risk, suitable only for experienced short-term traders with strict stop-loss measures [11][12].

Core Viewpoint - CITIC Securities (06030.HK) has shown a strong upward trend, with technical indicators signaling potential entry opportunities for short to medium-term investors [1][3]. Technical Analysis - The latest stock price is reported at 24.6 HKD, marking a 0.62% increase, and has successfully surpassed the 10-day, 30-day, and 60-day moving averages of 23.30, 21.66, and 20.40 HKD respectively, indicating a bullish trend [1]. - The overall technical indicators suggest a "strong buy" with a signal strength of 16 points, the highest consensus level [1]. - The MACD remains in a bullish crossover state, and the histogram is expanding, indicating sufficient momentum [1]. - The latest trading volume recorded was 5.21 billion HKD, significantly higher than the average of recent weeks, reflecting active market participation [1]. - Current technical support levels are at 22.5 and 21 HKD, while resistance levels are at 25.5 and 27.2 HKD [2]. Market Sentiment - Momentum and volume-related indicators are showing buy signals, indicating a clear direction of capital flow [2]. - The Bollinger Bands are expanding, with the stock price approaching the upper band, suggesting further upward potential [2]. - The RSI is at 66, indicating the stock is nearing overbought territory but remains in a healthy state [1][2]. Investment Opportunities - Two notable call warrant products are highlighted: the 14122 call warrant with a premium of 29.69% and a strike price of 28.33 HKD, and the 16567 call warrant with a premium of 40.78% [4]. - The 14122 call warrant is suitable for medium-term deployment due to its lower premium and volatility, while the 16567 call warrant is more suited for aggressive short-term traders due to its higher sensitivity to price movements [4][9]. - Both warrants have a strike price above the current market price, indicating that investors should expect a price increase for substantial returns [9]. Conclusion - CITIC Securities is currently in a solid technical structure with strong momentum and volume support, making it an attractive option for investors looking for potential upward movement [3][9].

Core Viewpoint - China Construction Bank (CCB) has shown strong stock performance, with a recent price of HKD 8.1, indicating a bullish trend and attracting investor attention [1][4][8]. Technical Analysis - CCB's stock has consistently maintained upward momentum, breaking through key moving averages and approaching significant resistance levels, suggesting a strong upward trajectory [1][4][8]. - The technical indicators are predominantly signaling a "strong buy," with a high rating of 16 points, indicating a consensus among various technical factors [7]. - The stock's recent price movements have resulted in a bullish alignment of moving averages, with the stock currently positioned above MA10 (HKD 7.90), MA30 (HKD 7.47), and MA60 (HKD 7.10) [4][8]. Market Activity - CCB's stock has experienced a moderate volatility of 3.6% over the past five days, with increased trading volume supporting the upward trend [4][8]. - The stock's RSI is currently at 72, indicating it is in the overbought territory, which may suggest potential short-term corrections but does not negate the overall bullish trend [4][8]. Derivative Products - Several derivative products linked to CCB have shown significant leverage effects, particularly call options, which have outperformed the underlying stock in terms of percentage gains [2][9]. - Specific call options, such as those from UBS and HSBC, are highlighted for their favorable pricing and leverage characteristics, making them suitable for investors looking to capitalize on CCB's upward movement [9]. - Conversely, put options from JPMorgan and Citigroup are noted for their potential in scenarios where stock price corrections are anticipated, providing investors with options for risk management [12]. Investment Strategy - The current market conditions present a favorable opportunity for both medium-term holders and short-term traders, with strategies suggested for entering positions around key support levels or after breaking through resistance [7][8]. - Investors are advised to consider the technical signals and market dynamics when selecting appropriate derivative products to enhance potential returns [8][9].