Weekly Predictions Movement of HK Listed Stocks (2) (11/1/21-15/1/21)

4.50
8 ratings

Hang Seng Index Weekly Performance (11/1/21-15/1/21)

HSI went up +2.38%/+647pts with weekly market turnover 1113B. HSI range between 27,079pts to 27,920pts.


Analysis of HK Listed Stocks Weekly Movements


SUNAC CHINA (1918.HK)

Bull Contracts-99% Bear Contracts-1%

Sunac China went up +0.35/+1.22% with weekly stock turnover 4.00B, the weekly price range in between HKD26.40 to HKD29.70.

The highest bull contracts call price ranging between HKD24 to HKD26 with 92.03M volume.

The highest bear contracts call price ranging between HKD30 to HKD32 with 0.14M volume.

Comment:

With reference to the weekly data of Sunac China Bull/Bear contracts, in the weekly perspective, most of the bull contract investors predict that Sunac China stock price able to stay HKD26 level above this week and HKD26.50 is a weekly support level. Without any significant volume in Sunac China bear contracts, the weekly stock price movement most probably will range in HKD29 to HKD32 area this week.


CHINA LIFE (2628.HK)

Bull Contracts-99% Bear Contracts-1%

China Life slightly went down +0.12/+0.70% with weekly stock turnover 4.24B, the weekly price range in between HKD16.68 to HKD17.56.

The most bull contracts call price ranging between HKD16 to HKD18 with 283.07M volume.

The most bear contracts call price ranging between HKD18 to HKD20 with 0.34M volume.

Comment:

With reference to the weekly data of China Life Bull/Bear contracts, in the weekly perspective, the majority of bull contract investors hold the view that China Life is able to stay above HKD16 level this week and HKD17 is the weekly support level. Besides that, bear contract investors predict the selling force will range between HKD18 to HKD20 and HKD20 is a strong psychological resistance level.


SUNNY OPTICAL (2382.HK)

Bull Contracts-94% Bear Contracts-6%

Sunny Optical spike up +19.40/+11.43% with weekly stock turnover 6.93B, the weekly price range in between HKD167.40 to HKD191.60.

The most bull contracts call price ranging between HKD165 to HKD170 with 19.03M volume.

The most bear contracts call price ranging between HKD205 to HKD210 with 1.09M volume.

Comment:

With reference to the weekly data of Sunny Optical Bull/Bear contracts, most of the bull contract investors hold the view that Sunny Optical stock price is able to stay above HKD170 level this week and HKD167 is the weekly support level. Meanwhile, most of the bear contract investors predict Sunny Optical stock price is unable to test HKD210 this week and will face a selling force between HKD205 to HKD210 area this week. From the technical analysis perspective, if Sunny Optical stock price able to stay above HKD190 this week which means the buying force still remains strong.


AAC TECH (2018.HK)

Bull Contracts-99% Bear Contracts-1%

AAC Tech went up +2.45/+5.65% with weekly stock turnover 2.51B, the weekly price range in between HKD43.40 to HKD46.50.

The highest bull contracts call price ranging between HKD40 to HKD42 with 117.30M volume.

The highest bear contracts call price ranging between HKD46 to HKD48 with 0.60M volume.

Comment:

Based on the weekly data of the AAC Tech Bull/Bear contracts, the majority of bull contract investors hold the view that AAC Tech stock price is able to stay above HKD42 level this week and HKD43.50 is a weekly support level. Without the significant volume in AAC Tech bear contract, the weekly range of the stock price will range between HKD44 to HKD47.


CHINA TOWER (788.HK)

Bull Contracts-99% Bear Contracts-1%

China Tower went down -0.08/-7.02% with weekly stock turnover 5.66B, the weekly price range in between HKD1.03 to HKD1.18.

The highest bull contracts call price ranging between HKD1.00 to HKD1.20 with 96.38M volume.

The highest bear contracts call price ranging between HKD1.40 to HKD1.60 with 0.58M volume.

Comment:

Based on the weekly data of China Tower Bull/Bear contracts, most of the bull contract investors predict that China Tower stock price is able to stay above HKD1.20 level this week and HKD1.03 is a weekly support level. Based on the volume in China Tower bear contracts, bear contracts investors predict the stock price is unable to test HKD1.25 level this week and HKD1.20 is a short term resistance level. The stock price movement most probably will range in between HKD1.05 to HKD1.20 area this week.


What is Callable Bull Bear Contracts (CBBC)?

CBBC is a type of structured product allowing investors to take bullish or bearish positions on a particular underlying asset.


CBBC is issued with the condition that during their lifespan they will be called by the issuers when the price of the underlying asset reaches a level known as the " Call Price " specified in the listing contract.

Related Tags
Topics Entities
Business FinanceOptionsFinancial MarketsBehavioral FinanceCallable Bull/bear ContractTechnical AnalysisShortMarket SentimentHang Seng Index