| | | 恆指(HSI)衍生品回顧 46% 26% 21% -2.01% -2.01% -2.01% にに 中銀認沽證 中銀熊證 20720 18782 57148 1、恆指：市場看淡情況較高，有投資者認為下週25700-25800，熊證過夜。看多投資這認為這星期調整完，守住26100，下個星期衝新高27000以上，並且關 注收回價25900的牛證 Simon:全日收26290點，指數跌穿保力加通道的中線，這兩日的成交量比較大。短線技術信號的總結為"中立"。我們提到的短線通常是2-3日，大家可以作為 參考。數據系統分析的支持位25833點和25500點，阻力位在27000點。 恆指 (HSI) ciall 2、騰訊控股 (00700.HK)：投資者問股價穿左20天線，可以買？窩輪市場上，投資者情緒偏淡，有人留意Put Simon:全日收651.5元，跌穿保力加通道的中線位置，走勢不是很理想。成交量有所增加，都不是很好的情況。另外RSI跌的比較低。參考技術信號的總結 為"買入"。如考慮低位部署，留意第一個支持位639元，第二個支持位619元。 騰訊(00700)衍生品回顧 72% 29% 26% -3.48% ...

港交所股價在10月9日報457.2元，上升2.74%。從技術走勢觀察，股價目前正處於關鍵的抉擇時刻，短期均線MA10位於443.36元，與MA30的444.17元及 MA60的439.92元形成緊密排列，顯示市場正在尋找明確方向。當前價位在關鍵技術區間內運行，上方正面臨459元的阻力考驗，下方則有439元的支撐防 線。 從技術指標分析，港交所的RSI讀數為51，處於中性區域，反映市場情緒相對平衡。多個震盪指標呈現溫和偏多的訊號，其中隨機震盪指標、動量震盪指 標、MACD及保力加通道均發出買入訊號，這種技術指標的集體轉強值得投資者關注。然而，ADX指標仍顯示趨勢強度有限，意味著突破行情需要更多動 能配合。 牛熊證方面，看好的投資者可考慮摩通牛證56785，提供15.7倍實際槓桿，收回價426元，溢價相對較低；或摩通牛證66112，提供14倍實際槓桿，收回價422 元，同樣具有較低溢價的優勢。看淡的投資者則可關注法興熊證60816，提供19.9倍實際槓桿，收回價470元，兼具高實際槓桿與低溢價特點；或瑞銀熊證 60541，提供19.5倍實際槓桿，收回價470元，溢價相對較低。 | | | 支持位與阻力位分析顯示， ...

Group 1: Hang Seng Index (HSI) - Investors believe that the strong support level is at 26,400, holding bull certificates with a redemption price of 25,900. Bearish investors expect a drop to 26,050, holding bear certificates with a redemption price of 27,078 [1] - Technical signals indicate a "sell" recommendation, with support levels at 25,800 and 25,400, while resistance is at 26,900. There are numerous bull certificates near the redemption price of 25,400, with leverage exceeding 21 times [1] - Investors are advised to compare product terms carefully, as some products with higher redemption prices may offer lower leverage and higher premiums, making them less attractive [1] Group 2: Pop Mart (09992.HK) - Investors are inquiring about the possibility of bull certificates dropping to 250 HKD, while others are optimistic about a rise to 268 HKD, holding bull certificates with a redemption price of 240 HKD [8] - The stock price rose to 261.8 HKD, with support identified at 247 HKD. The technical signal is a "buy," with resistance at 283 HKD [8] - Investors are cautioned against short-term products expiring between October and December due to significant time value decay, while longer-term products may offer better leverage [8] Group 3: Zijin Mining (02899.HK) - The stock price has been rising, reaching a high of 31.62 HKD, approaching the upper limit of the Bollinger Bands. Resistance levels are at 32.9 HKD and 33.8 HKD, with a short-term signal indicating a "sell" [15] Group 4: Contemporary Amperex Technology (03750.HK) - The stock price closed at 532 HKD, with a high of 535.5 HKD, nearing the upper limit of the Bollinger Bands. The first resistance level is at 558 HKD, with a potential second resistance at 604 HKD [21] - Investors are advised to consider products with exercise prices between 560-590 HKD, which have lower premiums and higher probabilities of moving from out-of-the-money to in-the-money [21] Group 5: Li Auto (02015.HK) - The stock price has surpassed 100 HKD, closing at 102 HKD, with technical signals indicating a "buy." Resistance levels are at 106 HKD and 110 HKD, with a target of 120 HKD [26] Group 6: AAC Technologies (02018.HK) - The stock has been declining, and the short-term trend is a "sell." Investors looking for entry points should exercise patience, with support levels at 44.2 HKD and 41.1 HKD [31]

Group 1: Market Overview - The Hang Seng Index closed at 26,344 points, with short-term technical signals indicating a "buy" but not a "strong buy" [1] - Resistance levels are identified at 26,840 points and 27,500 points, while support levels are at 25,700 points and 25,000 points [1] - Investors are advised to consider the premium levels of products, as high premiums can affect purchase prices [1] Group 2: Company Analysis - Sunny Optical Technology (02382.HK) - Sunny Optical's stock rose to a high of 87.7 HKD, closing at 87 HKD, breaking through the upper Bollinger Band [3] - Current technical signals suggest a "sell" with slight bearish sentiment, and the first resistance level is at 91.2 HKD [3] - Investors are encouraged to compare options with a 2%-3% out-of-the-money range for better leverage [3] Group 3: Company Analysis - Shandong Gold (01787.HK) - Shandong Gold's stock closed at 38.26 HKD, showing significant gains over the past two days [6] - Current technical signals indicate a "sell," with resistance levels at 40.6 HKD and 43.1 HKD, and support levels at 33.4 HKD and 30.6 HKD [6] Group 4: Company Analysis - SMIC (00981.HK) - SMIC's stock reached a high of 74.05 HKD, with current technical signals summarizing as "sell" [9] - Support levels are noted at 64.7 HKD and 58.6 HKD, with a recommendation for safer options around 58-59 HKD [9] Group 5: Company Analysis - WuXi Biologics (02269.HK) - WuXi Biologics' stock peaked at 40.2 HKD, closing at 40.08 HKD, with short-term technical signals indicating a "sell" [12] - Resistance levels are at 42.1 HKD and 43.8 HKD, while support levels are at 36.8 HKD and 33.6 HKD [12] Group 6: Company Analysis - Lenovo Group (00992.HK) - Lenovo's stock closed at 12.2 HKD, with technical signals summarizing as "sell" and short-term outlook being pessimistic [15] - Resistance levels are at 12.6 HKD and 13.4 HKD, with support levels at 11.5 HKD and 11 HKD [15]

Group 1: Hang Seng Index - The Hang Seng Index opened high but closed lower, with investors taking profits and waiting for a buying opportunity around 26,300-26,400 [1] - The index reached a high of 27,058 points but closed at 26,544 points, signaling a "sell" [1] - Support levels are identified at 25,859 points and 25,300 points, while resistance is at 27,300 points [1] Group 2: HSBC Holdings - Investors view interest rate cuts as beneficial for HSBC, with expectations for the stock to rise to 110 HKD [3] - Some investors anticipate a decline to the range of 96-100 HKD, opting for put options [3] Group 3: Hong Kong Exchanges and Clearing - The stock experienced a significant drop, closing at 444 HKD, which is within the Bollinger Band's middle line [5] - Short-term technical signals suggest a "buy" with resistance levels at 459 HKD and 470 HKD [5] - For those considering entry at lower levels, support is noted at 436 HKD and 428 HKD [5] Group 4: Ping An Insurance - The stock is trading within a sideways range, with a closing price of 54.25 HKD, near the lower boundary of the Bollinger Band [8] - Technical signals are neutral, suggesting a wait-and-see approach [8] - Support levels are at 52.7 HKD and 51 HKD, with options available at a strike price of 43.83 HKD [8] Group 5: Baidu Group - Baidu's stock closed at 132.8 HKD, above the upper boundary of the Bollinger Band, with a high of 38.4 HKD during the day [11] - The data signal indicates a "sell," with support levels at 114.2 HKD and 103.2 HKD [11] - Investors holding bear certificates have a safe recovery price of 150 HKD, with resistance levels at 140 HKD and 162 HKD [11]

牛熊證選擇上，看好可玩摩通牛證（65060），收回價41.5元，實際槓桿4.4倍，溢價最低。 華虹半導體（01347）週五早盤展現強勢格局，股價交投活躍，10點26分，股價報51.95元，升幅有3.49%。從技術分析來看，華虹RSI處於55，屬於健康的多頭區域， 移動平均線呈現多頭排列，MA10（48.9元）、MA30（48.16元）與MA60（42.16元）形成有力支撐，顯示中短期趨勢明確向好。技術指標總結信號雖然顯示"賣出"， 但多個震盪指標呈現積極信號，動量震盪指標顯示超跌可能築底併發出買入信號，MACD同樣支持看多觀點。 支持位與阻力位分析顯示，最近支持位在44.9元，第二支持位在41.2元。上方最近阻力位在55.1元，若突破則下一目標看59.2元。當前股價正逐步接近關鍵阻 力位，突破與否將成為短期走勢的重要分水嶺。特別值得注意的是，華虹5日振幅達11.1%，顯示該股具備較高的波動性，為短線交易提供充足機會。 回顧近期衍生產品表現，9月8日當華虹股價上漲1.87%時，相關衍生產品表現穩健。匯豐牛證（64623）錄得13%的漲幅，瑞銀牛證（64939）和中銀認購證 （19312）分別獲得9%和6%的回報 ...

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]