Core Viewpoint - HSBC Holdings (00005) is currently facing significant technical resistance at the 113 HKD level, with indicators suggesting potential short-term adjustment pressure, while the medium to long-term trend remains robust, presenting unique trading opportunities for derivative product investors [1][3]. Technical Analysis - HSBC is in a clear upward channel, with immediate support at 109 HKD and strong support at 105.6 HKD. Resistance levels are at 118 HKD and 122.4 HKD. The stock price is above MA10 (110.99 HKD), MA30 (106.96 HKD), and MA60 (105.38 HKD), indicating a bullish trend [1][3]. - The RSI has reached an overbought level of 70, with technical indicators suggesting a "strong sell" signal, indicating a potential short-term technical correction [1][3]. Support and Resistance Levels - The 109 HKD level is a crucial defensive barrier; if breached, the stock may drop to the stronger support at 105.6 HKD. On the upside, 118 HKD is the first significant resistance, followed by 122.4 HKD as the next target [3]. - The probability of an upward movement is estimated at 52%, with a 5-day volatility of only 4.6%, indicating relatively mild price fluctuations, although the overbought condition warrants caution [3]. Derivative Products Performance - Recent performance in the structured products market shows strong tracking performance of derivatives amid stock volatility. On November 11, when the stock rose by 1.69%, UBS call warrant 18901 gained 22%, and JPMorgan bull certificate 57888 increased by 13%, demonstrating the potential for substantial returns when market timing is correctly managed [3]. Investment Opportunities - For bullish investors, UBS call warrant 21320 (exercise price 130.98 HKD) offers a leverage of 13.5 times, with the lowest premium and implied volatility among similar products. UBS call warrant 21409 is also a viable option with a leverage of 12.4 times and relatively low premium [6]. - For bearish investors, UBS put warrant 22223 (exercise price 103.23 HKD) provides a leverage of 7.2 times, while JPMorgan put warrant 22013 (exercise price 103.33 HKD) offers a leverage of 7 times with a low premium [6]. Bull and Bear Certificates - Bullish investors can consider JPMorgan bull certificate 57888 (redemption price 100 HKD) with the highest actual leverage of 9 times, and UBS bull certificate 58939 (redemption price 100 HKD) with a leverage of 9.9 times and the lowest premium [8]. - Bearish investors may look at UBS bear certificate 56441 (redemption price 120 HKD) with a leverage of 17 times and the lowest premium, or JPMorgan bear certificate 61553 (redemption price 120 HKD) with a leverage of 15.8 times, offering competitive leverage and premium [8].

Core Viewpoint - Alibaba Pictures (stock code: 01060) shows strong market momentum and speculative sentiment despite a 5.33% drop on May 22, 2025, closing at HKD 0.71, with overall technical indicators remaining positive and rated as "strong buy" [1] Technical Analysis - Current support levels are at HKD 0.497 and HKD 0.590, which have provided solid support in past tests, while resistance levels are at HKD 0.844 and HKD 0.923. The closing price is above the support levels, indicating potential for upward movement if market sentiment improves [2] - Moving averages for 10-day, 30-day, and 60-day are at HKD 0.55, HKD 0.51, and HKD 0.50 respectively, all below the current price of HKD 0.71, indicating a bullish trend with strong upward momentum [2] - Trading volume reached HKD 797 million, reflecting active market participation, with a 5-day volatility of 48.6%, suggesting a strong speculative trading environment [2] Technical Indicators - The RSI value is at 83, indicating an overbought condition, suggesting potential short-term adjustment pressure, but also confirming strong upward momentum. The overall technical indicators are rated as "strong buy" with a score of 18, the highest level in the current system [3] - Various signals indicate a mixed outlook: while the RSI and Williams indicators suggest overbought conditions, the CCI has issued a sell signal, indicating possible market overheating. However, the psychological line indicator gives a buy signal, and other indicators like MACD and Ichimoku also show buy signals [5] - The overall analysis suggests that Alibaba Pictures is in a clear upward technical channel, with multiple indicators issuing buy signals. However, caution is advised due to high RSI and CCI sell signals, indicating potential short-term fluctuations, especially when approaching the resistance level of HKD 0.844 [5]