Weekly Predictions Movement of HK Listed Stocks (3) (11/1/21-15/1/21)

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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


ZTE CORP (763.HK)

Bull Contracts-98% Bear Contracts-2%

ZTE CORP went up +1.80/+9.32% with weekly stock turnover 1.96B, the weekly price range in between HKD19.14 to HKD21.60.

The highest bull contracts call price ranging between HKD14 to HKD16 with 14.04M volume.

The highest bear contracts call price ranging between HKD34 to HKD36 with 0.24M volume.

Comment:

With reference to the weekly data of ZTE CORP Bull/Bear contracts, in the weekly perspective, most of the bull contract investors predict that ZTE CORP stock price able to stay HKD18 level above this week and HKD19 is a weekly support level. Without any significant volume in ZTE CORP bear contracts, the weekly stock price movement most probably will range in HKD19.50 to HKD23.50 area this week.


SMIC (981.HK)

Bull Contracts-97% Bear Contracts-3%

SMIC went up +2.90/+13.12% with weekly stock turnover 38.16B, the weekly price range in between HKD19.48 to HKD25.35.

The most bull contracts call price ranging between HKD18 to HKD20 with 136.00M volume.

The most bear contracts call price ranging between HKD26 to HKD28 with 4.35M volume.

Comment:

With reference to the weekly data of SMIC Bull/Bear contracts, in the weekly perspective, the majority of bull contract investors hold the view that SMIC is able to stay above HKD20 level this week and HKD20.00 is weekly important support level. Without any significant volume in SMIC bear contracts, the weekly stock price will range in HKD23 to HKD28 this week.


CHINA MERCHANTS BANK (3968.HK)

Bull Contracts-99% Bear Contracts-1%

CM Bank went up +4.45/+9.08% with weekly stock turnover 6.44B, the weekly price range in between HKD45.95 to HKD53.85.

The most bull contracts call price ranging between HKD34 to HKD36 with 10.13M volume.

The most bear contracts call price ranging between HKD58 to HKD60 with 0.4M volume.

Comment:

With reference to the weekly data of CM Bank Bull/Bear contracts, most of the bull contract investors hold the view that CM Bank stock price is able to stay above HKD50 level this week and HKD50.00 is a short term support level. Meanwhile, most of the bear contract investors predict CM Bank stock price is unable to test HKD60 this week and will face selling force between HKD58 to HKD60 area this week.


SANDS CHINA LTD (1928.HK)

Bull Contracts-52% Bear Contracts-48%

Sands China Ltd went down -1.05/-3.08% with weekly stock turnover 1.30B, the weekly price range in between HKD32.85 to HKD34.40.

The highest bull contracts call price ranging between HKD26 to HKD28 with 19.24M volume.

The highest bear contracts call price ranging between HKD36 to HKD38 with 42.54M volume.

Comment:

Based on the weekly data of the Sands China Ltd Bull/Bear contracts, the majority of bull contract investors hold the view that Sands China Ltd stock price is able to stay above HKD28 level this week and HKD30.00 is a short term support level. Based on the significant volume in Sands China Ltd bear contracts, bear contracts investors predict the stock price will face the main selling force between HKD36 to HKD38 area this week.


SHK PROPERTIES (16.HK)

Bull Contracts-80% Bear Contracts-20%

SHK Properties went up +7.20/+7.02% with weekly stock turnover 2.49B, the weekly price range in between HKD99.90 to HKD107.30.

The highest bull contracts call price ranging between HKD95.00 to HKD100.00 with 3.37M volume.

The highest bear contracts call price ranging between HKD115 to HKD120 with 2.77M volume.

Comment:

Based on the weekly data of SHK Properties Bull/Bear contracts, most of the bull contract investors predict that SHK Properties stock price is able to stay above HKD100 level this week and HKD100 is a short term support level. Based on the volume in SHK Properties bear contracts, bear contracts investors predict the stock price is unable to test HKD115 level this week and HKD110 is a crucial resistance level. Based on the volume in bull and bear contracts, SHK Properties stock price weekly movement most probably will range in between HKD100 to HKD110 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.

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