Group 1: Hang Seng Index (HSI) - The Hang Seng Index closed at 25,165 points, maintaining support at the middle line of the Bollinger Bands at 25,142 points, with a downward trend signal [1] - Resistance is noted at 25,491 points, while support is at 24,744 points [1] Group 2: Sunny Optical Technology (02382.HK) - Sunny Optical's stock price rose sharply, closing at HKD 82.25, marking a 9.74% increase, breaking through the upper Bollinger Band [6] - The stock is given a "strong buy" signal, with resistance levels at HKD 88.6 and HKD 89.6, indicating potential to reach HKD 90 [6] Group 3: Meituan-W (03690.HK) - Meituan's stock price is stable around HKD 120, with a "sell" signal reflecting bearish investor sentiment [12] - Support levels are at HKD 117.3 and HKD 113.1, while resistance is at HKD 125.3 [12] Group 4: Dongfang Zhenxuan (01797.HK) - Dongfang Zhenxuan's stock has shown significant volatility, closing at HKD 37.14 after reaching a high of HKD 53.7 [18] - The stock is rated as a "buy" with a slight positive outlook, and resistance is noted at HKD 47 [18] Group 5: Tencent Holdings (00700.HK) - Tencent's stock closed at HKD 590.5, with a cautious "buy" signal amid a sideways trading pattern [20] - Resistance is at HKD 608, while a bear certificate with a redemption price of HKD 610 is considered safe for investors [20] Group 6: China Life Insurance (02628.HK) - China Life's stock closed at HKD 24.62, having nearly doubled since April, indicating a long-term bullish outlook [26] - The stock is rated as a "buy," with short-term support at HKD 22.1 and a more conservative level at HKD 21.1, while resistance is at HKD 25.8 and HKD 27.1 [26]

Core Viewpoint - Xiaomi Group's stock price is currently experiencing significant selling pressure, with a recent decline of 1.05% to HKD 56.8, indicating active market trading and a neutral signal without a clear direction [1][4]. Technical Analysis - The stock price is positioned slightly below the 10-day moving average of HKD 57.49, yet remains above the 30-day moving average of HKD 56.96 and the 60-day moving average of HKD 54.55, suggesting short-term adjustment pressure but no significant damage to the medium-term trend [1]. - Key support levels are identified at HKD 55.2 and HKD 53.6, while resistance levels are at HKD 58.4 and HKD 60.3. A rebound above HKD 57.5 could challenge the resistance at HKD 58.4, whereas a drop below HKD 55.2 may lead to a decline towards HKD 53.6 [4]. Market Sentiment - Technical indicators show mixed signals, with multiple moving averages issuing sell signals, but the overall market sentiment is not strongly bearish, as indicated by a sell strength of only 10. The RSI is at 53, indicating a neutral zone [4]. - Recent performance in the derivative market shows a significant increase in bearish instruments when Xiaomi's stock price fell by 2.82% on July 24, with notable gains in related put options [4]. Derivative Instruments - Investors looking for bullish positions may consider UBS call options (14816) with a strike price of HKD 61.05, offering a leverage of 5.9 times and low implied volatility. HSBC call options (14677) have the same strike price but offer slightly higher leverage at 6.1 times [7]. - For bearish investors, options such as Bank of China put options (14387) with a strike price of HKD 46.45 and leverage of 3.09 times, or UBS put options (17706) with a strike price of HKD 53.94 and leverage of 4.8 times, are available [7]. Investment Strategy - In the current market environment, a cautious approach is recommended, waiting for a clear breakout above HKD 57.5 or a drop below HKD 55.2 before making further moves. A range trading strategy could be beneficial, positioning call options near support levels and put options near resistance levels [13].

Market Overview - The Hang Seng Index (HSI) has stabilized above 24,000, closing at 24,148 points, with an increase in overall trading volume to HKD 213.2 billion [3] - There is a market expectation that if the HSI remains above 24,000, it could challenge levels between 24,500 and 25,000 [3][4] - The market is currently digesting momentum, with three IPOs scheduled for Wednesday, indicating investor interest in speculative opportunities [3] Investment Products - For bullish investors, a specific bull certificate (BOC Bull Certificate 68283) with a redemption price of 23,688 is recommended, as it is unlikely to be redeemed if the HSI stays above 24,000 [3][4] - The distribution of bull and bear certificates shows 65% of investors are bullish, while 35% are bearish, indicating a predominance of bullish sentiment [4] Individual Stocks - Alibaba (9988) has seen significant inflows of HKD 40 million over the past five trading days, making it the top stock in terms of capital inflow [9] - Meituan (03690) has experienced a 2.7% increase in stock price, reaching HKD 122, with bullish sentiment supported by recent trading activity [11] - Contemporary Amperex Technology Co., Ltd. (CATL) has reached a new high of HKD 364, with a recommendation for a specific bull certificate (BOC Bull Certificate 16854) with a strike price of HKD 428.2 [15] Technical Analysis - The technical signals for the HSI indicate 14 buy signals and 2 sell signals, suggesting a bullish outlook [4][11] - For Xiaomi (01810), the stock price has recently reached a high of HKD 61.45, with a recommendation for a bull certificate (BOC Bull Certificate 15166) with a strike price of HKD 68 [20] - Tencent (00700) has found support at HKD 500, with potential to test previous highs around HKD 520, supported by recent buying activity in bull certificates [22]