港股週五早盤科技股走勢分化，小米集團（01810）表現相對疲弱。上午11時40分，股價報52.52元，上漲1.56%，該股近期在技術面上正面臨關鍵抉擇點， 多空雙方在重要支持位附近展開激烈爭奪。股價現時低於主要移動平均線，30天線（54.77元）和60天線（54.94元）在上方構成層層壓力。這種均線空頭排 列顯示中短期趨勢偏弱，但嚴重超跌後可能出現技術性反彈。 技術指標呈現分歧信號。RSI指標處於39水平，顯示賣壓較重但已接近超賣區域。特別值得注意的是，變動率指標發出「嚴重超跌，可能築底，買入」的信 號，這與其他指標的賣出信號形成明顯對比。技術指標總結發出「賣出」信號，強度達12，但部分領先指標已提示可能出現技術反彈。 回顧近期窩輪表現，8月18日推薦的看淡產品表現穩健。摩通熊證54810在隨後兩日錄得8%升幅，中銀認沽證14387也有5%的漲幅，成功捕捉正股0.94%的跌 幅。這顯示在明確下跌趨勢中，看淡產品能提供有效的對沖或獲利機會。 大行方面，交銀國際發表報告指，小米-W(01810.HK)次季汽車業績表現亮眼，智能手機業務調整基本符合預期。基於2026年手機xAIoT 25倍市盈率及汽車 業務2.2倍 ...

Market Overview - The overall market is performing well, with the Hang Seng Index rising to nearly 24,200 points, showing increased trading activity with a total turnover of 230 billion [1][3] - Investor sentiment appears optimistic, with expectations of testing the 24,500 level in the short term [1][3] Investment Products - There is a notable flow of funds in the warrants and structured products market, with some investors taking profits from bullish positions while others are starting to deploy bearish positions near the 24,400-24,500 range [3] - Specific products such as put warrants are gaining attention due to their lack of recall risk and potential for leverage, with examples showing leverage of around 10 times [3][4] Stock Performance - Hong Kong Exchanges and Clearing (HKEX) shares rose by 4%, closing around 414 HKD, with a strong performance in related warrants [7][8] - Xiaomi's stock increased by approximately 3.74%, closing at 56.9 HKD, driven by anticipation of an upcoming product launch [12][16] - China Hongqiao's stock price has risen from 9 HKD to around 17 HKD, with a 35% increase in mid-term profits reported [16][17] - Meituan's stock has been underperforming, with a recent decline of 1%, but there is a flow of funds into bullish warrants as investors see potential at the 130 HKD level [19] - China Life's stock has risen from 13 HKD to around 19 HKD, with some investors starting to deploy bearish positions [23] - BYD's stock is fluctuating between 120-130 HKD, with recent inflows into bullish positions as it shows signs of potential rebound [27][28] Technical Analysis - Support and resistance levels for the Hang Seng Index are identified at 23,634 and 24,474 points respectively [4] - For individual stocks, technical signals indicate a "buy" for China Hongqiao and China Life, while Meituan shows a "sell" signal [19][23] - The leverage ratios for various warrants are highlighted, with some products offering leverage of 4 to 11 times, depending on the underlying stock and expiration dates [9][12][27]