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: Market Overview - The Hang Seng Index (HSI) is currently experiencing mixed sentiments, with bullish investors expecting a settlement price above 26,400 next week, while bearish investors anticipate a drop to between 25,500 and 25,300 [1] - Technical signals indicate a "sell" recommendation, with support levels at 25,574 and 25,200, and resistance levels at 26,700 and 26,900 [1] Group 2: Galaxy Entertainment (00027.HK) - Galaxy Entertainment's stock has been stable in recent months, with a current price of 43 HKD, but technical signals suggest a "sell" stance [4] - Support levels are identified at 42.1 HKD and 40.4 HKD, while resistance levels are at 43.4 HKD and 44.2 HKD [4] Group 3: Meituan-W (03690.HK) - Meituan's stock is currently stabilizing around 100 HKD, with technical signals indicating a "buy" recommendation [10] - Resistance is noted at 107 HKD, with potential to rise to 115 HKD if this level is breached; support levels are at 96.2 HKD and 91.7 HKD [10] Group 4: China Construction Bank (00939.HK) - China Construction Bank's stock has seen a low of 7.22 HKD, with a technical signal leaning towards "buy" [17] - Resistance levels are at 7.63 HKD and 7.86 HKD, with options available at a strike price of 9.9 HKD [17] Group 5: SMIC (00981.HK) - SMIC's stock is currently at 72.95 HKD, with a technical signal indicating a "sell" recommendation [23] - Support levels are at 66.4 HKD and 58.9 HKD, while the first resistance level is at 80.1 HKD [23] Group 6: Yancoal Australia (01171.HK) - Yancoal's stock is currently at 10.31 HKD, with technical signals showing a neutral stance [27] - Resistance levels are at 10.7 HKD and 11.3 HKD, with support levels at 9.8 HKD and 9.4 HKD [27]

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: 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 ...

Group 1: Market Overview - The Hang Seng Index (HSI) shows strong investor sentiment with a trading volume of 200 billion, stabilizing around 25,000 points, closing at 25,081 points [1] - Investors are advised to consider support levels at 24,481 and 24,200 points when selecting products, with resistance levels at 25,475 and 25,900 points [1] Group 2: Company Analysis - Sands China (01928.HK) has seen its stock price rise, breaking through 20 HKD, with buy signals and resistance levels at 21.7 HKD and 22.3 HKD [4] - Tencent Holdings (00700.HK) experienced volatility, with a trading range between 572 HKD and 560 HKD, and buy signals with resistance at 573 HKD and 603 HKD [7] - Hua Hong Semiconductor (01347.HK) is on an upward trend, with buy signals and resistance levels at 47.2 HKD and 51.9 HKD, aiming for 50 HKD in the short term [9] - Pop Mart (09992.HK) reached a high of 293.4 HKD, with buy signals and support levels at 259 HKD and 243 HKD [12] - Shandong Gold (01787.HK) has seen a four-day price increase, closing at 28.94 HKD, with strong buy signals and resistance levels at 29.1 HKD and 31.6 HKD [15]

Core Viewpoint - SMIC (00981.HK) is experiencing a significant improvement in its technical performance, driven by a recovery in the semiconductor sector, indicating a healthy upward trend [1] Technical Analysis - The stock price has stabilized above the 10-day moving average (41.84 HKD) and the 30-day moving average (41.48 HKD), approaching the 60-day moving average (43 HKD), reflecting a positive short to medium-term trend [1] - Out of 16 technical indicators, 9 indicate "buy" or "strong buy," with the moving average system summarizing as "strong buy," providing a solid basis for trend-following strategies [1] - The stock price reached 43.85 HKD at 10:22 AM on the reporting day, with a trading volume of 7 billion HKD, indicating significant capital inflow [1] - The RSI is at 67, close to overbought territory, yet market momentum remains strong, suggesting potential for further upward movement [3] - The Bollinger Bands are expanding, with the stock price positioned between the upper and middle bands, indicating potential resistance levels at 48.1 HKD and 50.5 HKD [3] - Key support levels are identified at 38.9 HKD and 42.1 HKD, with 42.1 HKD being a crucial short-term support level due to overlap with multiple moving averages [3] - The Ichimoku Cloud indicates that prices are stable above the cloud, confirming the continuation of the bullish pattern [3] Derivative Products Performance - Following a 6.71% increase in the underlying stock over two trading days, leveraged products linked to SMIC, particularly bull certificates, have shown significant gains, with HSBC's bull certificate (62405) rising by 36% and UBS's bull certificate (63551) increasing by 33% [4] - In contrast, call options have shown more moderate increases, with HSBC's call option (13200) and a call option from another issuer rising by 15% and 18%, respectively [4] Product Characteristics - HSBC's call option (16269) offers a leverage of 4.4 times with an exercise price of 51.93 HKD, suitable for investors optimistic about SMIC's future while aiming to reduce derivative costs [7] - The put option from another issuer (13733) has an exercise price of 42.18 HKD and a leverage of 3.1 times, appealing to cautious bearish investors [7] - The bull certificates, such as those from Societe Generale (60185), have a buyback price of 38.3 HKD and a leverage of 5.7 times, making them attractive for short-term bullish investors [11] Overall Market Sentiment - The overall sentiment indicates that bull certificates, due to their higher leverage and direct tracking of the underlying stock, can amplify returns in a clear upward trend, while call options may provide more stable returns if the underlying stock continues to strengthen [15]

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].

Core Viewpoint - Hong Kong Stock Exchange (HKEX) shares are experiencing a strong upward trend, with a current price of 412 HKD, having broken through key moving averages, indicating bullish momentum in the short term [1][2]. Technical Analysis - The stock has surpassed MA10 (399.9 HKD) and MA30 (379.11 HKD), forming a strong upward trend. The RSI is at 75, entering the overbought zone, with technical indicators signaling a "strong buy" [1]. - Key support is at 396 HKD, with potential downside to 383 HKD if this level is breached. Resistance is focused at 421 HKD, with a breakthrough potentially leading to a challenge at 432 HKD [2]. - The stock has shown a volatility of 5.1% over five days, indicating a brewing breakout in the market, while the Bollinger Bands are expanding, suggesting increased price fluctuations [2]. Market Performance - From June 5 to June 7, HKEX shares rose by 1.73%, positively impacting related bull certificates and call options, with notable gains in leveraged products such as the BNP Paribas bull certificate (58522) soaring by 29% [4]. - Call options like the UBS call option (13628) have shown a 22.38% increase, with a leverage of 8.52 times, indicating strong performance in the options market [6]. Derivative Products - For bearish strategies, put options such as Citigroup's put option (16606) offer a leverage of 9.9 times, providing investors with a way to hedge against potential declines in HKEX shares [9].

Market Overview - The Hang Seng Index (HSI) showed strong momentum, reaching an intraday high of 24,745.13, close to the resistance level of 24,754, with a closing value of 24,740 points. Investors anticipate a challenge to the resistance levels of 25,000-25,200 [1] - The daily and weekly charts of the HSI are at the top of the Bollinger Bands, indicating potential for technical adjustments despite current upward momentum [2] Baidu (9888) - Baidu's stock price reached a high of 103.6 HKD, closing up 12.22% at 103.3 HKD. Investors view the breakout above 100 HKD as a corrective rally, with potential for further gains [3] - The stock has shown a downward trend since September 2023 but began stabilizing in November 2024. The key resistance level is at 113.2 HKD, while potential support levels are at 93.9 HKD and 89.5 HKD [3] SMIC (00981) - SMIC's stock rose 4.34% to 51.7 HKD, but the recent price action has been volatile, remaining within a narrow range. The stock has not yet stabilized above the middle line of the Bollinger Bands [4] - Investors are divided on the outlook, with some expecting stabilization while others predict a drop back to 50 HKD before any potential recovery [4] Alibaba (09988) - Alibaba's stock increased nearly 6%, closing at 143.3 HKD, just shy of the previous high of 145.9 HKD. There is speculation about reaching 150-160 HKD this month [5] - The first resistance level is at 147.9 HKD, with further potential to test 156 HKD. However, a technical adjustment is anticipated after breaking the top [5] China Tower (00788) - China Tower's stock fell 6.86% to 11.4 HKD, with investors questioning the appropriate entry point for bottom fishing. The stock has been fluctuating between the upper and middle lines of the Bollinger Bands [5] - A potential rebound is expected around 11.1 HKD, but investors are advised to wait for confirmation of a rebound after a possible drop below the middle line [5] JD Group (09618) - JD Group's stock reached an intraday high of 178 HKD, closing at 117.9 HKD, up 5.27%. The outlook among investors is mixed, with some expecting a rise to 190 HKD while others foresee a period of consolidation [6] - The stock's movement above the Bollinger Bands suggests a potential for adjustment, and a cautious approach is recommended [6]