Core Viewpoint - The article discusses the mixed performance of technology stocks in the Hong Kong market, particularly focusing on Xiaomi Group (01810), which is facing significant technical challenges and support levels [1]. Company Performance - Xiaomi's stock price was reported at 52.52 HKD, up 1.56%, but is currently below key moving averages, indicating a bearish short-term trend [1]. - Major investment banks have provided mixed outlooks: - CMB International noted strong performance in Xiaomi's automotive segment and adjusted the target price from 67 HKD to 60 HKD while maintaining a "Buy" rating [1]. - Cathay Securities highlighted substantial overperformance in automotive profitability and adjusted the target price to 77.5 HKD, maintaining an "Overweight" rating [1]. Technical Analysis - Support levels are identified at 49.8 HKD and 48.1 HKD, which are critical for bulls to defend [3]. - Resistance levels are seen at 53.9 HKD and 57.1 HKD, with the current price nearing key support, suggesting potential for a short-term rebound [3]. - The RSI indicator is at 39, indicating heavy selling pressure but nearing oversold territory, while volatility indicators suggest a severe oversold condition that may lead to a bottoming out [3]. Derivative Instruments - Investors anticipating a technical rebound may consider call options with a strike price of 60 HKD, offering a leverage of 3.8 times [6]. - For bearish investors, put options with a strike price of 46.45 HKD are available, providing a leverage of 3.1 times [6]. - Bullish investors can look at UBS bull certificates with a redemption price of 49 HKD, offering a leverage of 16 times [8]. Market Sentiment - The article invites investors to consider the current technical position of Xiaomi and whether the support zone of 48.1-49.8 HKD can hold, or if further declines are expected [11].

Group 1 - Semiconductor stocks in Hong Kong, particularly Hua Hong Semiconductor (01347), have shown a rebound after a four-day decline, with a current price increase of 4.18% to HKD 31.15 [1] - Despite the rebound, the stock price remains below the Bollinger Band midline (HKD 34.28) and is testing important support levels on the weekly chart (HKD 31.35) [1] - Technical indicators present mixed signals, with key support levels at HKD 29.4 and HKD 26.4, while resistance levels are at HKD 33.8 and HKD 35.9 [3] Group 2 - The market sentiment is low, with many investors expecting the stock price to drop to the range of HKD 29-20, while a minority believes it could rise to HKD 33 [3] - In the derivatives market, Citigroup's call option (28354) is highlighted as an attractive bullish choice with a strike price of HKD 36.36 and a leverage of 3 times [3] - Other notable call options include Huatai's (16555) with a 3.2 times leverage and a current increase of 9.52%, and JPMorgan's (29035) with a higher strike price of HKD 38.93 and a leverage of 3.47 times [3] Group 3 - Bullish and bearish certificates are available, with JPMorgan's bullish certificate (55757) offering a leverage of 7.3 times and a recovery price of HKD 29, suitable for aggressive investors [6] - Conversely, JPMorgan's bearish certificate (55767) provides a leverage of 5.1 times with a recovery price of HKD 35.5, appealing to investors looking to short while managing risk [6]