1266.HK Xiwang Special Steel (HKSE) pre-market: oversold bounce, watch HKD 0.03 target

We see a clear oversold bounce setup in 1266.HK stock ahead of Hong Kong pre-market trading at HKD 0.01. The share has traded between HKD 0.01 and HKD 0.011 today on volume of 70,337,000.00 shares, signalling heavy interest around the low price. We expect short-term mean reversion trades if intraday liquidity holds and sector support in Basic Materials remains stable. We present data, risks, and a trading plan for the oversold bounce strategy here.