Executive Summary

After weeks of fear-driven selling triggered by Trump’s sweeping tariffs, markets are finally showing signs of recovery—and smart money is starting to return. The Hang Seng Index has notched its third straight weekly gain, and with China signaling possible trade talks with the US, sentiment is quickly shifting. In this article, I zoom in on three top Hong Kong stocks—HSBC, Xiaomi, and Bank of China—all of which are now tradable as SDRs on SGX. Using my One Good Trend (1GT) Strategy and the 1GT (Pro) Indicator, I break down the latest signals, key support and resistance zones, and how to prepare for what could be the start of the next major move. If you're looking for clarity in this volatile market and want to know where the real setups are forming—this is for you.

1) Bank of China Ltd (3988.HK)

Bank of China Ltd., one of the largest state-owned commercial banks in China, has continued to demonstrate resilience and strength, with its share price maintaining a healthy uptrend over the past few months.

As seen on the chart, the long-term trend remains intact with the 100-day moving average (red line) and 200-day moving average (blue line) both pointing up, and price staying well above these key levels.

This supports a strong long-term bullish bias for now.

In the short term, the 20-day moving average (green line) is still sloping downward slightly as price is attempting to climb back above this level.

This could suggest that short-term momentum is gradually returning after a temporary pullback.

The recent bearish signal from my 1GT (Pro) Indicator, triggered on 7 Apr 2025 is still showing with no new bullish signal in sight yet.

Note that prior bullish signals throughout late 2024 and early 2025 have successfully captured turning points in the uptrend, further affirming the indicator’s reliability.

So, we want to be patient and wait for a 1GT Bullish signal as another confirmation before capturing the reversal.

So how does one take a position in Bank of China from the HK SDR traded on the SGX?

Well, you can take a position in this SDR, which is named Bank of CN HK SDR 1to1 (HBND) currently priced at S$0.73.

Support has formed at HKD 4.20 (S$0.71), with stronger support at HKD 4.00 (S$0.68) where some buying pressure returned in the past few weeks.

These levels could present a good opportunity for conservative traders to accumulate, especially if price pulls back slightly.

A stop-loss can be considered just below HKD 4.00 (S$0.68) to manage downside risk.

On the upside, resistance lies at HKD 4.60 (S$0.78), with a key level to watch at HKD 5.00 (S$0.85).

For more aggressive traders, a breakout above HKD 4.60 (S$0.78) could signal the start of the next bullish leg, potentially targeting the HKD 5.00 (S$0.85) zone as the next price objective.

Overall, the trend for Bank of China Ltd. remains favourable with long-term up but one can wait for the short term trend to turn back up as another confirmation.

Traders should continue to watch for strength above near-term resistance to confirm continuation, while managing positions around support levels for an optimal risk-reward setup.

For Bank of China’s HK SDR listed on SGX, the SDR ratio is 1 SDR to 1 underlying share.

This means the conversion from HKD to SGD is simply done by multiplying by the exchange rate of 0.17.

2) HSBC Holdings (0005.HK)

HSBC Holdings PLC, a global banking and financial services giant, has staged a sharp rebound recently after a healthy pullback from its March 2025 peak.

The longer-term trend remains firmly up, supported by the 100-day (red line) and 200-day (blue line) moving averages both pointing higher.

Prices are also holding well above these lines, further validating the strength of the underlying uptrend.

Short-term momentum is starting to improve too. After a brief dip that tested the 200-day moving average, buyers have stepped back in decisively.

The 20-day moving average (green line) is beginning to curl upwards again, suggesting a potential reacceleration in the short-term trend.

Adding to the bullish case is the recent bullish signal from my 1GT (Pro) Indicator, which was triggered when prices broke the HKD 80.00 (S$2.72) resistance.

This signal remains in play and is now being followed by strong price action to the upside.

So how does one take a position in HSBC Holdings from the HK SDR traded on the SGX?

Well, you can take a position in this SDR, which is named HSBC HK SDR 5to1 (HSHD) currently priced at S$2.90.

Support has now been reinforced at HKD 80.00 (S$2.72), where prices pushed away from it strongly.

This level could offer an attractive accumulation opportunity for conservative traders looking to enter on dips.

A stop-loss could be placed slightly below this level to manage risk.

For aggressive traders, a break above the immediate resistance at HKD 90.00 (S$3.06) could be the trigger for the next leg higher.

The next upside target to watch would be HKD 100.00 (S$3.40), a level where sellers had previously stepped in.

If the price can overcome this resistance on strong momentum, we may see a continuation of the long-term trend.

Overall, HSBC’s recovery looks technically sound with key support levels defended, a fresh bullish 1GT signal still playing out, and both long- and short-term trends turning favorable.

Traders should continue monitoring price action near the HKD 90.00 (S$3.06) breakout level for signs of sustained momentum while keeping risk controlled near support.

For HSBC Holdings HK SDR listed on SGX, the SDR ratio is 5 SDR to 1 underlying share.

This means the conversion from HKD to SGD is simply done by multiplying by the exchange rate of 0.17 then divided by 5 to get the SGD price.

3) Xiaomi Corporation (1810.HK)

Xiaomi Corporation, a major Chinese electronics company best known for its smartphones, smart home devices, and IoT ecosystem, has shown a strong technical rebound after a healthy pullback from March highs.

The long-term trend remains intact with the 100-day moving average (red line) still above the 200-day moving average (blue line), both pointing upward.

Prices have now bounced back above the 20-day moving average (green line), which is starting to turn up again, suggesting short-term momentum may be returning.

The most recent bullish signal from my 1GT (Pro) Indicator was triggered around the HKD 45.00 level (S$3.83), and it is still in play.

This followed a successful rebound from the key support zone and adds confidence that the pullback may have run its course.

Prior bearish signals near the peak have also played out, and the appearance of this new green signal marks a potential reversal back to the upside.

So how does one take a position in Xiaomi Corporation from the HK SDR traded on the SGX?

Well, you can take a position in this SDR, which is named Xiaomi HK SDR 2to1 (HXXD) currently priced at S$4.33.

Support is clearly defined around HKD 45.00 (S$3.83), which coincides with the previous breakout level and also the recent bullish signal zone.

Conservative traders can consider accumulating on dips near this support, with a stop-loss placed just below to manage downside risk.

For aggressive traders, a break above HKD 60.00 (S$5.10) would be a strong signal that momentum is returning with conviction.

A successful breakout could open the way to retesting the previous high at HKD 80.00 (S$6.80), representing a significant upside from current levels.

With the 1GT bullish signal still valid, rising short-term momentum, and a healthy trend structure, Xiaomi looks technically poised for further gains.

Traders should monitor the price action near the resistance and maintain discipline with clear entry and exit strategies.

For Xiaomi Corporation HK SDR listed on SGX, the SDR ratio is 2 SDR to 1 underlying share.

This means the conversion from HKD to SGD is simply done by multiplying by the exchange rate of 0.17 then divided by 2 to get the SGD price.

About the Author - Joey Choy

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

More about Joey here

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- Joey

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