Executive Summary

After weeks of market jitters from escalating US-China tariff tensions and uncertainty around the Xi-Trump phone call, Hong Kong stocks have been swinging wildly, but beneath the chaos, something interesting is brewing. As headlines continue to rattle investors, a few blue-chip giants listed as SDRs on the SGX are quietly showing signs of bullish momentum.

In this article, I dive into the charts of three top Hong Kong stocks, Bank of China, Xiaomi, and HSBC, and reveal how my One Good Trend strategy and 1GT (Pro) Indicator are flashing early signals of a potential reversal. If you’ve been waiting for clarity in the storm, this may just be your window.

1) Bank of China Ltd (3988.HK)

Bank of China (3988.HK) is one of China’s largest state-owned commercial banks with a strong international presence.

It provides a wide range of financial services, including corporate banking, personal banking, investment banking, and insurance across both mainland China and overseas markets.

From a technical perspective, the long-term trend remains intact.

Both the 100-day moving average (red line) and the 200-day moving average (blue line) are pointing upwards with the price holding well above both, indicating a sustained bullish trend in the longer term.

Looking at the short-term trend, the 20-day moving average (green line) is also sloping up, with prices hovering just below it.

This suggests short-term momentum is still positive despite some recent profit taking.

A recent Bullish signal from my 1GT (Pro) Indicator was triggered at around the 4.40 HKD level (S$0.70), and this signal is still playing out as the stock continues to hold above key short-term support zones.

In terms of key levels, we can see immediate support around the 4.40 HKD (S$0.70) region.

This is where buyers may look to accumulate on dips.

The near-term resistance is at 4.80 HKD (S$0.77), and a bullish break above this level could open the way to the next upside target at 5.20 HKD (S$0.83).

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$0.755.

A conservative approach would be to accumulate near the 4.40 HKD (S$0.70) support zone with a stop-loss just below the 100-day moving average to manage risk.

An aggressive approach would be to enter on a breakout above the 4.80 HKD (S$0.77) resistance level, with a potential move toward the 5.20 HKD (S$0.83) target.

The trend remains in favor of the bulls as long as prices continue to stay above the 100-day and 200-day moving averages.

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 0.16.

2) HSBC Holdings (0005.HK)

HSBC Holdings PLC (0005.HK) is a global banking and financial services group headquartered in London, with a strong operational base in Hong Kong.

It offers services across commercial banking, global banking and markets, wealth and personal banking, and is widely regarded as one of the world's largest international banks.

From a long-term trend perspective, the technical outlook remains bullish.

Both the 100-day moving average (red line) and 200-day moving average (blue line) are sloping upwards, and prices are consistently holding above these longer-term support levels.

This confirms that the long-term uptrend remains intact.

On the short-term front, the 20-day moving average (green line) is also trending higher, and prices have stayed firmly above it in recent weeks.

This shows strong short-term momentum and buyer control, as prices continue to push higher in a steady climb.

We had a NEW 1GT Bullish signal triggered on 12 May 2025 from my 1GT (Pro) Indicator.

This signal is still playing out as the stock consolidates near its recent highs.

An earlier bullish signal on 22 Apr also appeared slightly below that around the 80.00 HKD level (S$2.56), providing early confirmation of the renewed upward momentum after the pullback in April.

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$3.04.

Support now stands at 90.00 HKD (S$2.88), which is a recent breakout level turned potential support zone.

On the upside, the next key resistance is seen at 100.00 HKD (S$3.20), where some profit-taking could occur.

A conservative approach would be to accumulate on any pullback toward the 90.00 HKD (S$2.88) support level, with a stop-loss just below the 100-day moving average to manage risk.

An aggressive approach would be to enter now as the uptrend remains intact, and ride the momentum toward the 100.00 HKD (S$3.20) resistance level as the next near-term target.

As long as the price stays above the 100-day and 200-day moving averages with the 20-day line still pointing up, this trend remains healthy and intact.

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 0.16 then divided by 5 to get the SGD price.

3) Xiaomi Corporation (1810.HK)

Xiaomi Corporation (1810.HK) is a leading Chinese consumer electronics and smart manufacturing company known globally for its smartphones, smart home products, and AIoT ecosystem.

It operates across more than 100 markets and has built a strong brand presence with its innovation-driven, cost-efficient product strategy.

Looking at the longer-term trend, Xiaomi remains in a solid uptrend.

Both the 100-day moving average (red line) and 200-day moving average (blue line) are sloping upwards with prices comfortably above them, indicating that long-term momentum is still strong and intact.

In the short term, the 20-day moving average (green line) is also pointing higher, and price action continues to stay above it.

This signals that buyers are still in control, with the recent consolidation showing signs of strength rather than weakness.

A recent 1GT Bullish signal from my 1GT (Pro) Indicator was triggered near the 45.00 HKD level (S$3.60), and that signal is still playing out as the stock grinds higher.

This followed a healthy retracement earlier in April and a steady rebound off the 100-day moving average support zone.

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$4.42.

The key support level is now at 50.00 HKD (S$4.00), which coincides with a strong psychological and technical base.

On the upside, the next resistance to watch is 60.00 HKD (S$4.80), and beyond that, a stronger resistance can be seen around 80.00 HKD (S$6.40).

Here’s how traders can consider positioning:

A conservative approach would be to wait for dips toward the 50.00 HKD (S$4.00) support level and look to accumulate, placing a stop-loss just below the 100-day moving average.

An aggressive approach would be to enter on a breakout above the 60.00 HKD (S$4.80) resistance, with an upside target toward the 80.00 HKD (S$6.40) level, as marked on the chart.

With long-term and short-term trends both pointing up and a valid bullish signal in play, Xiaomi continues to show potential for further upside as long as it stays above key support levels.

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 0.16 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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