Core Viewpoint - HSBC's stock price is currently around 100.6 HKD, showing increased short-term volatility with a 4.7% fluctuation over the past five days, indicating a tug-of-war between bulls and bears at a critical level [1][2]. Technical Analysis and Key Levels - Support levels for HSBC are identified at 96.5 HKD (short-term support) and 92.3 HKD (strong support), while resistance levels are at 104.4 HKD (recent high) and 108.5 HKD (yearly target) [2]. - The 10-day moving average (98.41 HKD) and 30-day moving average (98.16 HKD) have formed a "golden cross," but the stock price is nearing the upper Bollinger Band, making the ability to break through the psychological barrier of 100 HKD a focal point [2]. - There is speculation on whether HSBC will first retrace to the 96.5 HKD support if the broader Hong Kong market weakens, or if it will benefit from interest rate hike expectations to test higher levels [2]. Recent Performance and Investor Sentiment - In August, HSBC's stock price rose nearly 10% after a significant drop at the end of July, stabilizing around the 100 HKD mark [4]. - Investors are divided, with some seeing a double-top formation that could lead to a drop towards 90 HKD, while others believe the stock is on a stable upward trajectory [4]. Product Review and Strategy Insights - Recent product performance shows that UBS bull certificates have significantly outperformed the underlying stock, with one product rising 7% and another 10% despite only a 0.2% increase in the stock price [5]. - In the current market environment, investors are encouraged to consider UBS call options with a leverage of 17.3 times, particularly suitable for aggressive investors anticipating a breakout [7]. - For bearish investors, options with lower leverage and favorable implied volatility are also available, providing a range of choices depending on market outlook [7][11]. Market Volatility and Trading Opportunities - The current market volatility has increased the risk associated with bull and bear certificates, necessitating close monitoring of the distance between the stock price and the recovery price [11].

Group 1: Market Sentiment and Technical Analysis - Investors are divided on the Hang Seng Index (HSI), with bullish investors entering at 24,000 points and bearish investors expecting a drop to the same level, deploying bear certificates with a redemption price of 24,888 [1] - Technical analysis indicates a "buy" signal for the HSI, with the first resistance level at approximately 24,600 points, and a potential upward test towards 25,000 points if this level is breached [1] - Investors are advised to choose bear certificates with redemption prices above the second resistance level of 25,000 to avoid immediate redemption risks, even if it means sacrificing some leverage [1] Group 2: Company-Specific Insights - WuXi Biologics (02269.HK) shows a temporary "buy" signal with 15 buy signals and no sell signals, but there are 9 neutral signals indicating caution; resistance levels are at 28.5 and 29.5 [3] - WuXi AppTec (02359.HK) has a "buy" signal with 14 buy signals and 4 sell signals, indicating potential upward movement with short-term resistance at 98 and 99.6 [6] - Trip.com Group (09961.HK) has a "strong buy" signal after a rebound from 434.2 to 499.8, with resistance levels at 505 and 531 [9] - AIA Group (01299.HK) shows a mixed outlook with 15 buy signals and 3 sell signals; resistance levels are at 71.6 and 73.8, suggesting caution before challenging 75 [11] - JD.com (09618.HK) is experiencing bearish sentiment with a "sell" signal, and investors are advised to wait for a drop to 115 before considering entry [14]

Core Viewpoint - The analysis of Tencent Holdings (00700) indicates a bearish sentiment in the market, with technical signals suggesting potential price declines and key support levels identified for investors to consider entry points [1][2]. Technical Analysis - As of July 2, Tencent's stock price was reported at 503 HKD, showing a slight decline of 0.1%. The stock is at a critical decision point, with short-term support at 486 HKD and mid-term support at 469 HKD. Resistance levels are identified at 517 HKD and 534 HKD [2]. - The RSI indicator is at 48, indicating a neutral to weak sentiment, while multiple moving averages are entangled, suggesting indecision in the market. The 10-day moving average at 506.8 HKD is acting as short-term pressure [2]. - The MACD and Bollinger Bands are signaling a sell, reinforcing the notion that the market is in a corrective phase [2]. Derivative Products - In the derivatives market, Tencent's stock decline of 2.24% on June 27 led to significant performance in bear certificates, with Morgan Stanley's bear certificate (58426) rising by 26% and UBS's bear certificate (58470) increasing by 24% in the following two trading days, showcasing the leverage effect of these instruments in a downward market [2]. - For call options, Bank of China offers two products: one with a strike price of 563.5 HKD providing a leverage of 15.8 times, suitable for aggressive investors, and another with a slightly lower leverage of 13.8 times but with the lowest premium and implied volatility in the market [4]. - In the put options category, UBS's put option (16669) leads with a leverage of 14.3 times, maintaining a safe margin with a strike price of 443.13 HKD, while Bank of China's option (17569) offers a more conservative hedge with a leverage of 12.2 times [4]. Bull and Bear Certificates - Among bull certificates, UBS's product (69944) offers a high leverage of 19.4 times with a redemption price of 484 HKD, making it a preferred choice for aggressive strategies. Another product (54536) has a slightly lower leverage of 17.7 times but attracts conservative funds due to its lowest premium characteristics [6]. - For bear certificates, Société Générale's (60438) and UBS's (61324) products both provide impressive leverage of 28.8 times, with reasonable redemption prices of 522 HKD and 520 HKD, respectively, suitable for capturing potential technical pullbacks [6]. Market Sentiment - The 60-day moving average at 495 HKD is still on an upward trend, raising questions about whether a stronger rebound may follow the current technical consolidation. Investors are encouraged to consider their strategies, whether to use bull certificates for bottom-fishing or bear certificates for shorting [9].

Group 1 - The Hang Seng Index (HSI) has seen bearish investors continuously for three days, indicating a potential decline for at least a week, with a recall price of 24,498 for bear certificates [1] - Investors are deploying bull certificates towards the end of trading sessions, betting on the next day's market movements, which reflects a common overnight holding strategy [2] - Technical analysis suggests that the HSI is currently above 24,000, with support at 23,618 and resistance at 24,542, indicating a "buy" signal [2] Group 2 - Hua Hong Semiconductor (01347.HK) has a strong buy signal, with resistance levels at 38.6 and 41.5, while investors are eyeing a potential rise to 44 [4] - WuXi Biologics (02269.HK) is stabilizing at a closing price of 25.65, with neutral technical signals and resistance at 26.8 and 29, while support is at 23.9 [7] - BYD Electronic (00285.HK) shows a buy signal, with a target of 40, but requires breaking through resistance levels at 32.8 and 33.9 [10] Group 3 - Meituan-W (03690.HK) has bearish investors anticipating a drop below 90 before entering the market, with some considering put options [12] - NetEase-S (09999.HK) is on an upward trend, with resistance at 219 and 229, while investors are cautious about the safety of a bear certificate with a recall price of 220 [14]

Group 1: Hang Seng Index (HSI) - Investors are optimistic about a potential increase of 500 points, with a focus on the resistance level at 24700 points and support at 23732 points [1][1] - Technical analysis indicates a "buy" signal, suggesting that buying near the support level of 23732 or lower could reduce risk [1][1] Group 2: Hang Seng Tech Index (HSTECH) - The index has been consolidating for three days, with a cautious optimism reflected in a "buy" signal, though not a strong buy [3][3] - Resistance is noted at 5512 points, while support levels are at 5196 and 5030 points, indicating a potential move towards the 5000 point mark [3][3] Group 3: ZTE Corporation (00763.HK) - The stock price has shown upward movement, with a "buy" signal prevalent in technical data [6][6] - Key resistance is at 24.9 HKD, with a potential challenge to reach 25 HKD if it breaks through this level [6][6] Group 4: GF Securities (01776.HK) - The stock has seen a short-term increase of over 10%, with a "buy" signal supported by positive trends across daily, weekly, and monthly charts [9][9] - Resistance levels are optimistic at 15.1 HKD and 15.5 HKD, indicating a bullish outlook [9][9] Group 5: Kuaishou Technology (1024.HK) - Technical analysis shows a preference for buying, with 15 buy signals against 1 sell signal [12][12] - Resistance levels to watch are at 65.4 HKD and 68.6 HKD, with a potential challenge to reach 70 HKD [12][12] Group 6: Xiaomi Group (01810.HK) - The stock has broken through previous highs, with a strong buy signal indicated by 16 buy signals and 2 sell signals [16][16] - Resistance levels are at 63.7 HKD and 66.1 HKD, while support is at 55.3 HKD and 51.9 HKD, suggesting a strategic entry point around 54 HKD [16][16]

Group 1: Hang Seng Index - Investors see strong support at 23,600, with expectations to reach 24,000-24,100 on Friday, while some are cautious about a potential drop to 23,000 [1] - The index has been fluctuating within the range of 23,500-23,800 since mid-May, indicating low volatility which may affect derivative profits [1] - Technical signals show 13 buy signals, 2 sell signals, and 9 neutral signals, indicating a neutral preference [1] Group 2: Hong Kong Exchanges and Clearing (00388) - Investors are optimistic about HKEX, expecting a long-term target of at least 450, with a short-term resistance at 409 [3] - Technical signals indicate a strong buy with 17 buy signals, 1 sell signal, and 6 neutral signals, suggesting a steady upward trend [3] - If the price breaks through 409, the next resistance level is 423, which is still some distance from investor target prices [3] Group 3: Meituan-W (03690) - Investors are questioning whether Meituan can stabilize at 140 and challenge 145-150, while some are opening put options expecting a decline to 130 [6] - Technical signals maintain a buy rating with 14 buy signals, 2 sell signals, and 8 neutral signals, though the buy signals are not very strong [6] - Resistance levels are noted at 146.5 and 153.3 [6] Group 4: Pop Mart (09992) - Investors are optimistic about Pop Mart, predicting a rise to at least 252-260 next week, viewing it as a buying opportunity [9] - Technical signals maintain a buy rating with upward trends, with resistance at 258 and support at 219 [9] Group 5: China Resources Beer (00291) - Investors are observing a rebound in stock price over three days, questioning if it will challenge 28 [12] - Technical signals indicate a sell preference with 13 sell signals, 5 buy signals, and 6 neutral signals, suggesting caution [12] - The stock has faced resistance at the middle line of the Bollinger Bands at 25.9, with a significant distance to 28 [12] Group 6: Baidu Group-SW (09888) - Investors are divided, with bulls hoping to maintain 82 for a rebound, while bears anticipate further declines [15] - Recent price movements show a slight recovery, closing at 83, but still below the middle line of the Bollinger Bands [15] - Technical signals indicate a sell preference with 11 buy signals, 7 neutral signals, and 6 sell signals, with support at 79.9 and resistance at 86.2 [15]

Group 1: Market Overview - The Hang Seng Index closed at 23,381 points, showing a narrow range of fluctuations with a slight downward trend. Key support levels are identified at 23,000 and 22,737 points, with a potential drop below 22,700 being safer for investors [1] - Investors are optimistic about Netease's performance, with a closing price of 192.2 HKD. There is a strong upward trend since May 16, and technical signals indicate a "strong buy" with 18 buy signals and 3 sell signals [3] - Xiaomi closed at 51.55 HKD, currently in a downward trend. The bottom of the Bollinger Band is at 47.2 HKD, with a significant risk noted due to 100% street stock volume in the warrants market [6][7] Group 2: Company-Specific Insights - China Ping An closed at 46.2 HKD, with resistance at 47.7 HKD and potential upward movement towards 48.9 HKD. Long-term investors are eyeing a target of 60 HKD [10] - Hong Kong Exchanges and Clearing closed at 398.2 HKD, with key resistance levels at 406.5 HKD and 409 HKD. Investors are considering profit-taking strategies as the stock approaches these levels [13] - WuXi Biologics closed at 23.7 HKD, with significant resistance identified at 24.8 HKD and 25.8 HKD, indicating that the 25 HKD mark poses a considerable barrier [16]