Why did 6616.HK stock drop so sharply intraday?

The intraday drop to HK$7.55 was driven by heavy selling, profit-taking after recent YTD weakness, and rotation away from Basic Materials. No single public earnings miss was reported; flows and relative-value selling explain the immediate pressure.

What is Meyka AI's price forecast for 6616.HK stock?

Meyka AI's forecast model projects a one-year price of **HK$11.93**, implying about **57.94%** upside from **HK$7.55**. Forecasts are model-based projections and not guarantees.

Which support and resistance should traders watch for 6616.HK stock?

Watch **HK$6.10** (200-day average) as the main support and **HK$9.14** (50-day average) as immediate resistance. Today's range **HK$7.02–HK$8.35** frames short-term volatility.

Is 6616.HK stock a buy after today’s fall?

Meyka AI assigns a Grade B (69.37/100) with a HOLD suggestion. The stock shows revenue growth but negative free cash flow. Investors should weigh recovery prospects against valuation and cash conversion risks.

HK Stocks

6616.HK down 10.97% intraday to HK$7.55: Key levels and forecast insight

ByHuzaifa Zahoor February 18, 2026February 18, 2026

6616.HK stock plunged -10.97% intraday to HK$7.55 on 18 Feb 2026 after early selling accelerated from an open of HK$8.35. The move erased a day’s gains and pushed volume to 5,399,000 shares as traders reacted to heavier-than-average flows. Intraday low hit HK$7.02 while the session high was HK$8.35, widening the intraday range and highlighting near-term volatility in this Basic Materials name listed on the HKSE in Hong Kong.