Core Viewpoint - Semiconductor stocks in Hong Kong, particularly SMIC, are experiencing significant price movements, with SMIC's stock reaching a historical high of 75.6 HKD, reflecting strong market sentiment and volatility [1][2]. Price Movements and Technical Analysis - SMIC's stock price has increased by nearly 4%, with a five-day volatility of 15.2%, indicating intense market activity [1]. - The current price of 66.56 HKD has surpassed the 10-day moving average and is significantly above the 30-day and 60-day moving averages, suggesting a strong bullish trend [1]. - The Relative Strength Index (RSI) has reached 79, indicating overbought conditions, while technical indicators show a "strong sell" signal, creating a divergence with the bullish trend [1]. - Key support level is at 64.5 HKD, with potential downside to 59.2 HKD if breached; initial resistance is at 75.3 HKD, with a target of 84.6 HKD if broken [3]. Market Sentiment and Investment Strategies - Recent news about SMIC testing domestic deep ultraviolet lithography machines has excited investors, contributing to a 7.12% increase in stock price to 67.7 HKD [2]. - There is a notable inflow of capital into the semiconductor sector, with investors maintaining confidence despite some short positions [2]. - Various call options related to SMIC and Huahong International are highlighted, with significant leverage ratios, indicating strong investor interest in these products [2][11]. Derivative Products Performance - Recent performance of derivative products linked to SMIC shows strong growth, with UBS bull certificates achieving a 24% increase over two days, reflecting the high volatility in the market [5][8]. - HSBC bull certificates also recorded a 20% return, indicating sustained investor enthusiasm for the semiconductor sector [8]. - Call options from different issuers are providing various leverage opportunities, with some offering the lowest premiums in the market [11].