Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) has shown strong stock performance recently, with a 3.5% increase on the latest trading day, reaching a price of 82.7 HKD, indicating a critical technical position for the stock [3]. Technical Analysis - The stock price has surpassed all major moving averages, with MA10 at 74.73 HKD, MA30 at 75.24 HKD, and MA60 at 65.05 HKD, forming a bullish arrangement [3]. - Multiple oscillators are signaling sell indications, particularly the MACD and Bollinger Bands, which suggest caution for investors [3]. - The RSI is at 57, indicating a neutral range, while the Williams %R shows overbought conditions, hinting at potential short-term pullback pressure [3]. Support and Resistance Levels - Key resistance is at 86.5 HKD; a breakthrough could lead to a target of 95.5 HKD. Support levels are at 72.6 HKD and 64.5 HKD [3]. - The stock has experienced a volatility of 12.3% over the past five days, suggesting significant price fluctuations may occur around these critical levels [3]. Derivative Products Performance - Recent performance of structured products has been notable, with the BNP Paribas call option (19088) surging 27% in two days, and the UBS bull certificate (63595) rising 63%, while the underlying stock only increased by 6.88% [3]. - Popular call options include those from Bank of China (21283) and UBS (17146), both with a strike price around 95.05 HKD, offering approximately 3.3 times leverage [5]. Bear and Bull Certificates - UBS bull certificate (63595) and HSBC bull certificate (61585) have a redemption price set at 68 HKD, providing nearly 6 times actual leverage, suitable for high-risk tolerance investors [7]. - For bearish investors, UBS bear certificate (63598) and Societe Generale bear certificate (62695) have a redemption price at 95 HKD, aligning with the second resistance level [7]. Market Sentiment - Despite the recent price increase, some investors are beginning to adopt a slightly bearish outlook, which aligns with the technical signals indicating a predominance of sell signals [10]. - The stock's resistance level at 86 HKD is crucial for determining whether the upward trend can continue or if a correction is imminent [11].

Core Viewpoint - The semiconductor stock SMIC (00981) has become a market focus, with its stock price showing significant volatility, reflecting clear market divergence in sentiment [1] Price Movement - SMIC's stock price has fluctuated over 21% in the past five days, with a recent increase of 1.35% to 78.6 HKD, reaching a high of 81.4 HKD during the day [1] - Key technical levels include a 10-day moving average at 82.8 HKD and a 30-day moving average at 70.29 HKD, with immediate support at 68 HKD and resistance at 89.1 HKD [1] Technical Indicators - Mixed signals are present in technical indicators, with the RSI at 58 indicating a neutral to strong pattern. Momentum oscillators and rate of change indicators signal buy, while the Williams and stochastic indicators remain neutral [3] - Both MACD and Ichimoku indicators show buy signals, while the Bollinger Bands indicate the stock is trading near the midline [3] Derivative Products - The Fubon call option (19088) offers a leverage of 4.6 times with an exercise price of 88.93 HKD, suitable for investors optimistic about SMIC breaking resistance [3] - The Bank of China call option (18977) provides a leverage of 4.2 times with an exercise price of 88.88 HKD, also appealing to bullish investors [3] - For bearish investors, UBS put option (21404) offers a leverage of 2.6 times with an exercise price of 68.83 HKD, while the Credit Suisse put option (21385) provides a leverage of 2.9 times with favorable conditions [3] Bull and Bear Certificates - UBS bull certificate (63595) offers a leverage of 6.9 times with a redemption price set at 68 HKD, suitable for high-risk tolerant investors [7] - HSBC bull certificate (61585) provides a leverage of 7.1 times with the same redemption price, appealing to lower-risk investors [7] - Recent performance of bear certificates shows significant returns, with gains of 163% and 176% recorded shortly after their launch, highlighting the potential for substantial returns in correct market assessments [7]