大行晨報 - 歐羅短線投資需謹慎 - 2025 年 11 月 11 日星島日報 / 頭條日報 https://www.stheadline.com/columnists/finance- property/3516682/%E5%A4%A7%E8%A1%8C%E6%99%A8%E5%A0%B1- %E6%AD%90%E7%BE%85%E7%9F%AD%E7%B7%9A%E6%8A%95%E8%B3%87%E9%9C%80%E8%AC%B9 %E6%85%8E%E5%A4%A7%E8%A1%8C%E6%99%A8%E5%A0%B1 ...

Core Viewpoint - Xiaomi's stock price has experienced a significant decline, closing at 45.96 HKD, down 3.65% in a single day, with a trading volume of 12.297 billion HKD, indicating active market pressure and speculation for a rebound [1] Technical Analysis - The RSI indicator for Xiaomi is at 28, indicating an oversold condition, while stochastic oscillators and bullish-bearish strength indicators have generated buy signals [1] - Despite some indicators suggesting a potential bottoming out, MACD and Bollinger Bands still maintain sell signals, reflecting a tug-of-war between bulls and bears [1] - The stock price has fallen below short- to medium-term moving averages, but there is still a 59% probability of a rebound, with resistance levels at 51.3 HKD and 56.5 HKD, and support at 43.9 HKD, with a critical level at 37.8 HKD if it breaks below [1] Product Performance - Recent recommendations for warrants and structured products have yielded significant returns, with the Morgan Stanley bear certificate (64525) rising 43% and UBS bear certificate (64218) increasing by 39% over two days, while the underlying stock fell by 7.11% [1] - In the warrants category, UBS put warrant (14200) rose by 30% and Bank of China put warrant (14387) increased by 25%, showcasing effective leverage despite the stock's decline [1] Investment Products - For call options, Citibank call warrant (16253) has a leverage of 3.2 times with an exercise price of 52.93 HKD, while Bank of China call warrant (16221) has a leverage of 3.1 times, both offering good value [3] - For put options, UBS put warrant (14200) and Bank of China put warrant (14387) have exercise prices of 46.45 HKD, with leverage of 3 times and 2.9 times respectively, suitable for conservative investors [3] - In the bull certificates category, UBS bull certificate (67402) has an exercise price of 42 HKD with a leverage of 9.4 times, while HSBC bull certificate (66931) also has an exercise price of 42 HKD with high leverage [3] - For bear certificates, the top picks are Societe Generale bear certificate (65365) and UBS bear certificate (67343), both with a redemption price of 54 HKD, offering leverage of 6.7 times and 6.5 times respectively [3]

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]