港股焦點騰訊控股（00700）近期走勢再度成為市場話題，今日升0.76%，股價報665元。 對於看好騰訊短線突破的投資者，可以考慮輕微價外、引伸波幅相對較低的認購證。國君認購證（19049）提供約10.2倍槓桿，行使價751.2元，其溢價和引 伸波幅在同類產品中均屬最低。另一選擇是瑞銀認購證（18902），槓桿9.1倍，行使價同為751.2元，引伸波幅亦處於相對低位。若傾向看淡後市，市場亦有 認沽證可供選擇。中銀認沽證（20518）和瑞銀認沽證（15152）均提供約8倍槓桿，後者更擁有最低溢價，引伸波幅和槓桿水準都比較理想。 牛熊證方面，對於認為騰訊會在635-700元區間整理的投資者，可以考慮相關產品。看好可留意瑞銀牛證（63073）或滙豐牛證（61968），收回價分別在635 元和636元，槓桿約18倍。看淡則有瑞銀熊證（66241）和摩通熊證（66094），收回價同設於700元水準。 從技術走勢觀察，騰訊目前關鍵支持位處於638元，下一支持參考617元水準。上方阻力方面，678元為初步阻力，突破後有望挑戰692元。值得留意的是，股 價目前企穩於10天線（647元）之上，並且遠高於30天及60天線，反映中 ...

Core Viewpoint - JD Group's stock price is currently fluctuating around HKD 121.6, showing a decline of 1.38%, with significant market divergence observed [2][5]. Technical Analysis - The stock is trading below key moving averages: MA10 at HKD 126.04, MA30 at HKD 128.3, and MA60 at HKD 130.6, indicating a prevailing "sell" signal [2]. - The technical strength index is low at 14, suggesting dominant downward pressure, while the RSI is at 41, nearing the oversold zone [2]. - Key support levels are identified at HKD 119.4 and HKD 115.2, with resistance at HKD 128 and potential further resistance at HKD 133.4 [5]. Market Sentiment - Recent trading activity shows a significant increase in bearish derivative products, with notable gains in put options as JD's stock price fell [5]. - The trading volume for JD's stock was reported at HKD 2.099 billion, indicating that capital has not significantly exited the market [5]. Derivative Products - Active trading in JD's warrants suggests potential short-term rebounds, with specific warrants offering leverage of 4.7 to 6.1 times [8]. - Investors looking for bearish positions can consider high-leverage put options, which have shown competitive pricing and volatility [8]. Bull and Bear Certificates - For aggressive investors, a bull certificate with a recovery price of HKD 118 offers a high leverage of 14.5 times, while a more conservative option has a recovery price of HKD 115 with 9.9 times leverage [10]. - Bear certificates are also available for those anticipating a rebound followed by a decline, with both options providing around 6.3 times leverage [10].