Executive Summary

Are Hong Kong’s top stocks gearing up for a major breakout? With Alibaba, Bank of China, and HSBC now available as SDRs on SGX, traders in Singapore have a unique opportunity to tap into these market giants—all in SGD and during local trading hours.

In this article, I break down their latest chart trends, key support and resistance levels, and precise SGD price conversions, so you’ll know exactly when to enter for maximum upside.

My 1GT (Pro) Indicator has already flashed some powerful signals—are you ready to take advantage? Read on for the full technical analysis and my game plan for these top 3 stocks! 🚀

1) Alibaba Group Holdings (9988.HK)

Alibaba Group Holding Ltd., a leading multinational technology company, operates the world's largest e-commerce and retail platforms.

Known for its robust ecosystem, Alibaba also provides cloud computing, digital media, and innovative technology solutions globally.

Technically, Alibaba’s recent price action has shown a strong recovery after an extended period of weakness since Oct 2024.

The long-term trend has been up since July last year, with the 100-day moving average (red line) trending higher and holding above the 200-day moving average (blue line).

In the short term, the 20-day moving average (green line) has turned upward decisively, signaling renewed momentum in the short-term trend.

It was pointing down since Oct as Alibaba sold off aggressively.

Buyers have returned strongly, driving prices above critical levels of resistance.

The 1GT (Pro) Indicator has been instrumental in identifying turning points in Alibaba’s recovery.

A 1GT bullish signal was recently triggered near HKD 85 (S$2.89), aligning with a breakout from consolidation that had been building since December 2024.

This breakout validates the strength of the uptrend, and with no bearish signals currently visible, the stock appears well-positioned for further gains.

The indicator’s previous bullish signals also captured key inflection points, highlighting its effectiveness in trend identification.

Support is well-defined at HKD92 (S$3.12), which was originally a resistance it has broken out from.

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

Well, you can take a position in this SDR, which is named Alibaba HK SDR 5to1 (HBBD) currently priced at S$3.49.

For conservative traders, this level provides an opportunity to accumulate on pullbacks, with a stop-loss placed slightly below HKD92 (S$3.12) to manage downside risks.

Resistance is visible at HKD120 (S$4.08), with an intermediate resistance at HKD100 (S$3.40).

Aggressive traders may look for a breakout above HKD100 (S$3.40) to signal further upside momentum, targeting HKD120 (S$4.08) as the next key level.

Alibaba’s recovery appears to be gaining traction, supported by improving long-term trends, short-term momentum, and timely signals from my 1GT (Pro) Indicator.

Traders should remain disciplined in their approach, using well-defined support and resistance levels for entries while maintaining proper risk management to navigate potential market volatility effectively.

Note that for Alibaba Group, the ratio is 5 SDR to 1 underlying stock, so the conversion from HKD to SGD will be to simply multiply by the exchange rate of 0.17 and then divided by 5.

2) Bank of China Ltd (3988.HK)

Bank of China Limited is one of the leading state-owned commercial banks in China, with a strong presence in both domestic and international financial markets.

The bank offers a wide range of financial services, including corporate banking, personal banking, treasury operations, and investment banking.

Technically, Bank of China’s stock has been in a sustained uptrend since beginning of 2024, as evident from the long-term moving averages.

The 100-day moving average (red line) is positioned above the 200-day moving average (blue line), and both lines are pointing upward since Feb 2024.

This confirms the long-term bullish momentum in the stock.

In the short term, the 20-day moving average (green line) has also turned upward since Dec 2024 after the selling in Nov, reflecting strong near-term momentum and buying interest.

The 1GT (Pro) Indicator has been particularly effective in identifying key turning points in this uptrend.

A bullish signal was recently triggered near HKD 3.90 (S$0.66), which aligns with a breakout above a prior consolidation range.

Previous 1GT bullish signals also captured significant inflection points, reinforcing the effectiveness of the indicator.

Importantly, no bearish signals have been observed during this phase, further validating the uptrend.

Support is well-defined at HKD 3.90 (S$0.66), a level that has been tested and held multiple times as buyers stepped in to defend it.

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$0.695.

For conservative traders, accumulating near this support zone could provide a low-risk entry point, with a stop-loss placed slightly below HKD 3.90 (S$0.66) to manage downside risks.

On the upside, resistance is evident at HKD 4.10 (S$0.70), with a more significant barrier at HKD 4.50 (S$0.76).

Aggressive traders may consider entering upon a breakout above HKD 4.10 (S$0.70), targeting HKD 4.50 (S$0.76) as the next key level.

Such a move would signal further upside momentum, supported by the rising 20-day moving average.

Overall, Bank of China’s stock appears well-positioned for further gains, supported by improving long-term trends, short-term momentum, and timely signals from my 1GT (Pro) Indicator.

Traders should remain disciplined in their approach, utilizing well-defined support and resistance levels for entries and maintaining proper risk management to navigate any potential market volatility.

Note that for Bank of China, the ratio is 1 SDR to 1 underlying stock, so the conversion from HKD to SGD will be to simply multiply by the exchange rate of 0.17.

3) HSBC Holdings (0005.HK)

HSBC Holdings Plc, one of the world's largest banking and financial services organizations, operates across multiple markets, providing services such as wealth management, global banking, and asset management.

Its diverse presence positions it as a key player in driving global commerce and investment.

Technically, HSBC has shown a consistent uptrend since early 2024, supported by solid long-term and short-term trends.

The 100-day moving average (red line) is trending higher and remains above the 200-day moving average (blue line), confirming a longer-term uptrend.

Meanwhile, the 20-day moving average (green line) is also rising, indicating strength in the short-term momentum.

This alignment of moving averages further solidifies the stock's bullish outlook.

The 1GT (Pro) Indicator has been particularly effective in identifying critical turning points for HSBC.

A recent bullish signal appeared near HKD 70.00 (S$2.38), coinciding with the stock's breakout from a key consolidation zone in Nov 2024.

Another breakout recently has pushed HSBC above the psychological resistance level of HKD 80.00 (S$2.72), reaffirming the strength of the current uptrend.

Previous bullish signals from the 1GT (Pro) Indicator have also captured crucial inflection points, underlining its reliability in spotting trend shifts.

Support is now established at HKD 80.00 (S$2.72), which previously served as a resistance level.

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$2.83.

For conservative traders, this support zone presents an opportunity to accumulate on pullbacks, with a stop-loss placed slightly below HKD 77.50 (S$2.63) to mitigate downside risk.

Resistance is noted at HKD 85.00 (S$2.89), representing the next target for a potential upside move.

Aggressive traders may consider entering on a confirmed breakout above HKD 85.00 (S$2.89), as such a move would signify continued bullish momentum, likely supported by increasing volumes and the rising 20-day moving average.

This breakout could pave the way for further gains, reinforcing the longer-term uptrend.

HSBC's recovery remains robust, backed by strong technical trends and timely signals from the 1GT (Pro) Indicator.

Whether taking a conservative approach near support or an aggressive stance on a breakout, traders should prioritize disciplined risk management to maximize their potential gains while managing volatility effectively.

Note that for HSBC Holdings, there is a ratio of 5 SDR to 1 underlying stock, so the conversion from HKD to SGD will be to multiply by the exchange rate of 0.17, then divided by 5.

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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