Core Viewpoint - NetEase (09999.HK) has shown a steady recovery in stock price after a period of consolidation, with technical indicators turning bullish, suggesting a strong buy signal [1][4]. Technical Analysis - As of June 30, the stock closed at 211 HKD, up 1.54%, breaking through key moving averages and establishing a bullish pattern [1]. - The current stock price is 218 HKD, with significant support levels at 195 HKD and 203 HKD, the latter coinciding with the 30-day moving average [3]. - The 10-day, 30-day, and 60-day moving averages are at 206.88 HKD, 200.75 HKD, and 181.2 HKD respectively, indicating a strong upward trend [1]. - The MACD has formed a bullish crossover, and the RSI is at 66, indicating strong momentum without entering overbought territory [1][4]. Market Sentiment - The overall market sentiment is positive, with 9 out of 16 technical indicators signaling buy or strong buy, reflecting a clear trend favoring the bulls [1][3]. - The short-term upward movement probability is estimated at 53%, with a volatility of only 4%, indicating a stable upward trend [3]. Derivative Instruments - Two notable call options for NetEase are highlighted: - The Huatai-issued call option (13427) with a strike price of 200 HKD, offering a leverage of 8.9 times and a premium of 2.607% [4][5]. - The UBS-issued call option (29565) with a strike price of 202.08 HKD, providing a leverage of 7.8 times and a premium of 4.066% [5]. - These options are considered attractive for short-term investors looking to capitalize on the bullish trend, especially as the stock approaches resistance at 217 HKD [4][5]. Trading Strategy - If the stock price successfully breaks through 217 HKD, it is expected to test higher resistance levels at 227 HKD [3]. - In case of a short-term pullback, 203 HKD and 206 HKD are identified as potential support levels for re-entry [3][5].

Core Viewpoint - Hong Kong Stock Exchange (HKEX) shows strong upward momentum in technical analysis, with a recent price of HKD 405.2, reflecting a 0.5% increase and a stable influx of capital [1][4]. Technical Analysis - The stock has surpassed major moving averages, with MA10 at HKD 393.92, MA30 at HKD 372.25, and MA60 at HKD 358.2, indicating a bullish trend [1]. - The current support levels are at HKD 386 and HKD 361, while the short-term resistance is at HKD 410, with a potential upward challenge to HKD 423 if broken [4]. - The Relative Strength Index (RSI) is at 70, indicating strong buying power, but caution is advised due to potential short-term pullback pressures [7]. - The technical model estimates a 52% probability of upward movement, aligning with current momentum trends [4]. Investor Sentiment - Investor sentiment is generally positive, with many expecting continued interest in IPOs and a long-term target of at least HKD 450 [1]. - There are 17 buy signals, 1 sell signal, and 6 neutral signals, suggesting a steady upward trend [1]. - Short-term resistance is closely aligned with investor expectations, indicating a consensus around HKD 409 as a critical level [1]. Derivative Products Performance - Derivative products linked to HKEX have shown significant leverage effects, with notable performances from bull certificates, such as Societe Generale's bull certificate 54739 and HSBC's bull certificate 53712, both achieving a 21% increase [2]. - Call options like HSBC's 29547 and Societe Generale's 27807 also reported gains of 18% and 15%, respectively [2]. Market Dynamics - The overall market atmosphere remains bullish, supported by strong technical indicators and high trading volumes, which reinforce the positive outlook for HKEX [11]. - The presence of various derivative products allows investors to align their strategies with market expectations, catering to different risk appetites [7][9].

Core Viewpoint - Alibaba Pictures (stock code: 01060) shows strong market momentum and speculative sentiment despite a 5.33% drop on May 22, 2025, closing at HKD 0.71, with overall technical indicators remaining positive and rated as "strong buy" [1] Technical Analysis - Current support levels are at HKD 0.497 and HKD 0.590, which have provided solid support in past tests, while resistance levels are at HKD 0.844 and HKD 0.923. The closing price is above the support levels, indicating potential for upward movement if market sentiment improves [2] - Moving averages for 10-day, 30-day, and 60-day are at HKD 0.55, HKD 0.51, and HKD 0.50 respectively, all below the current price of HKD 0.71, indicating a bullish trend with strong upward momentum [2] - Trading volume reached HKD 797 million, reflecting active market participation, with a 5-day volatility of 48.6%, suggesting a strong speculative trading environment [2] Technical Indicators - The RSI value is at 83, indicating an overbought condition, suggesting potential short-term adjustment pressure, but also confirming strong upward momentum. The overall technical indicators are rated as "strong buy" with a score of 18, the highest level in the current system [3] - Various signals indicate a mixed outlook: while the RSI and Williams indicators suggest overbought conditions, the CCI has issued a sell signal, indicating possible market overheating. However, the psychological line indicator gives a buy signal, and other indicators like MACD and Ichimoku also show buy signals [5] - The overall analysis suggests that Alibaba Pictures is in a clear upward technical channel, with multiple indicators issuing buy signals. However, caution is advised due to high RSI and CCI sell signals, indicating potential short-term fluctuations, especially when approaching the resistance level of HKD 0.844 [5]