Core Viewpoint - Kuaishou (01024) has shown strong performance recently, with the stock price reaching 79.35 HKD, up 1.93%, and a high of 79.95 HKD, indicating robust short-term upward momentum despite some technical indicators suggesting potential short-term pullback risks [1][2]. Technical Analysis - The stock price has broken through key moving averages, MA10 at 69.26 HKD and MA30 at 63.5 HKD, with a MACD golden cross indicating expanding momentum [1]. - The RSI indicator is at 77, entering the overbought territory, while the Williams indicator shows a sell signal, suggesting a potential divergence in technical signals [1][2]. - Immediate support is at 69.2 HKD, with a potential drop to 64 HKD if this level is breached; resistance is at 83.3 HKD, with a challenge to 89.7 HKD if broken [2]. Derivative Instruments - On July 21, when Kuaishou rose by 9.03%, related call options saw significant gains, with Morgan Stanley's call option 25717 increasing by 71% and UBS's call option 25723 rising by 68% [4]. - The current market offers diverse trading options for investors, with HSBC's call option 15133 being a preferred choice due to its 5.3x leverage and a strike price of 90.29 HKD, suitable for medium-term investors [7]. - For short-term traders, HSBC's bull certificate 59410 offers a 5.2x leverage with a recovery price of 66 HKD, while UBS's bull certificate 59046 provides a slightly higher leverage of 5.5x with a recovery price of 67 HKD, both maintaining low premium levels [7][11]. Market Sentiment - The strong performance of Kuaishou is attributed to the recovery in the short video industry and technical breakthroughs above key moving averages [4]. - There is market speculation regarding whether Kuaishou can maintain its technical breakout amid increasing competition in the short video sector, with potential scenarios of testing support at 69.2 HKD or directly challenging resistance at 83.3 HKD [11].