0708.HK China Evergrande NEV HKSE 26 Jan 2026: Oversold bounce targets HK$0.25
The 0708.HK stock is trading at HK$0.17 on 26 Jan 2026 after a heavy intraday volume spike of 162,856,795 shares, setting up a classic oversold bounce opportunity for intraday traders. The price sits above the day low HK$0.17 and below the 50-day average HK$0.18, with the 200-day average at HK$0.26. We see a high relative volume of 4.99x the average, which often precedes a short-term rebound in thin, beaten-down names. This note focuses on a disciplined oversold-bounce plan, risk controls, and model-based targets.
Immediate snapshot: 0708.HK stock technicals
0708.HK stock opened at HK$0.171 and traded intra-session between HK$0.17 and HK$0.214. Average trade size surged — volume is 162,856,795 versus an average of 32,634,888, giving a relative volume of 4.99. The stock is well below its 200-day average of HK$0.26, signaling extended weakness but leaving room for a technical bounce. The day high near HK$0.214 is the first near-term resistance; a clear break above HK$0.214–0.25 would confirm momentum for a larger recovery.
Why an oversold bounce trade makes sense now
Price momentum shows a sharp drop over the last six months (‑41.38%), while intraday volume spiked today, which fits an oversold bounce profile. When volume sharply exceeds the average, short-term sellers often exhaust and short-covering or bargain-hunting can lift price quickly. We treat this as an intraday to short-term tactical idea rather than a position based on fundamentals. Traders should watch follow-through on volume and the HK$0.214 resistance band for confirmation.
Fundamentals and risks: 0708.HK analysis
China Evergrande New Energy Vehicle Group (0708.HK) posts weak fundamentals: EPS is -2.61, PE is negative, and book value per share is -3.48. Market cap is HKD 1,843,444,864.00 and the company shows a low current ratio of 0.34, indicating liquidity pressure. These metrics heighten downside risk if sentiment reverses. We highlight this to stress the trade is tactical — fundamentals do not support a long-term buy without material operational change.
Meyka AI grade and model forecast: 0708.HK analysis and outlook
Meyka AI rates 0708.HK with a score out of 100: 60.49 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a near-term target of HK$0.25 for a bounce scenario, implying 47.06% upside from HK$0.17. A downside scenario to HK$0.12 implies -29.41%. Forecasts are model-based projections and not guarantees. We recommend strict size limits and a stop below HK$0.15 for traders.
Trade plan, targets and risk controls for an oversold bounce
Entry: look for intraday confirmation above HK$0.214 with sustained volume. Short-term target: HK$0.25; secondary target: HK$0.35 if the stock reclaims the 50- and 200-day averages. Stop-loss: initial at HK$0.15, tighten if price moves in our favor. Limit position size given low liquidity at small price levels and large outstanding share count of 10,843,793,317. Use limit orders to control slippage and avoid market orders on sharp moves.
Sector context and catalysts that could affect 0708.HK stock
0708.HK is listed on the HKSE and operates across Health Management and New Energy Vehicle segments, though profiles list it under Healthcare. Hong Kong markets show selective strength; sector rotation can change flows quickly. Catalysts to watch include corporate updates, liquidity actions by parent China Evergrande, and any EV or health unit operational news. For company details, see the official site and our Meyka stock page for live updates: company site and Meyka stock page.
Final Thoughts
We view 0708.HK stock as a short-term oversold-bounce candidate on 26 Jan 2026 given a HK$0.17 price and a large intraday volume spike. The trade is tactical: look for a clear break above HK$0.214 with follow-through volume before entering. Meyka AI’s forecast model projects HK$0.25 in the near term, an implied 47.06% upside from HK$0.17, while a fail scenario risks HK$0.12 (‑29.41%). Our proprietary grade (60.49, B, HOLD) reflects weak fundamentals but a measurable short-term technical rebound probability. Manage risk with a tight stop at HK$0.15, limit position size, and treat this as an intraday to short-term play. Forecasts are model-based projections and not guarantees.
FAQs
What is the current price and volume for 0708.HK stock?
As of 26 Jan 2026 intraday the 0708.HK stock trades at HK$0.17 with volume 162,856,795, about 4.99x the average, signalling high short-term activity.
What short-term target should traders use for 0708.HK stock?
For an oversold bounce, target HK$0.25 on a confirmed break above HK$0.214. Use a stop-loss around HK$0.15 and reduce size due to weak fundamentals.
How does Meyka AI rate 0708.HK and what does that mean?
Meyka AI rates 0708.HK 60.49/100 (Grade B, HOLD). The grade blends market, sector, growth and key metrics. It flags tactical bounce potential but notes poor fundamentals.
What are the main risks to an oversold bounce trade in 0708.HK stock?
Key risks include weak liquidity, negative EPS (-2.61), negative book value, parent-group developments, and absence of analyst coverage. Tight stops and small sizes are essential.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
