8028.HK stock down 23.29% intraday to HKD 0.28 Jan 2026: monitor support
8028.HK stock plunged 23.29% intraday to HKD 0.28 on 10 Jan 2026 after thin volume amplified recent selling. The move left the share price at the day low of HKD 0.28 on the HKSE in Hong Kong with traded volume of 20,000 versus an average of 883,877 shares. Intraday weakness follows a 5-day decline of 23.49% and a one-month drop of 41.93%, highlighting heightened volatility for Timeless Software Limited (8028.HK) in the Basic Materials sector.
Intraday drivers for 8028.HK stock
Trading today was concentrated at the HKD 0.28 level, with the stock down HKD 0.085 from the prior close of HKD 0.365. Low liquidity amplified price moves: volume was 20,000 versus average volume 883,877, a relative volume of 1.47. The one-day percentage drop of 23.29% tracks a short-term sell-off that likely stems from position exits rather than fresh company disclosure.
Technicals for 8028.HK stock
Momentum indicators are neutral to weak: RSI is 49.31 and ADX is 11.29, which signals no established trend. Bollinger Bands sit at 0.26/0.28/0.31, placing current price at the lower band and suggesting immediate support near HKD 0.26. Short-term resistance clusters at HKD 0.31 and the 50-day average at HKD 0.28.
Fundamentals and valuation for 8028.HK stock
Timeless Software (8028.HK) shows trailing EPS of -0.03 and a negative PE of -11.00, reflecting losses. Book value per share is 0.18 and PB ratio is 3.06, while price-to-sales is 0.63. Market cap stands at HKD 166,957,649.00 and shares outstanding are 505,932,270, which gives tight float dynamics that can magnify moves.
Meyka AI rates 8028.HK stock
Meyka AI rates 8028.HK with a score out of 100: 63.54 (Grade B, 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 12-month target of HKD 0.35, implying 26.26% upside from the current HKD 0.28; forecasts are model-based projections and not guarantees. Meyka AI is an AI-powered market analysis platform and its grade complements, rather than replaces, traditional research.
Risks and catalysts for 8028.HK stock
Key risks include continued low liquidity, negative earnings and volatile commodity exposure from the company’s mining assets. Catalysts would be a positive operational update, stronger mining sales or clearer cash-flow improvement. Company-level rating data shows mixed signals: an external company rating lists C+ (Sell) while Meyka’s proprietary grade is B (HOLD), underscoring diverging views.
Sector context and trading setup for 8028.HK stock
8028.HK trades in the Basic Materials sector, which has outperformed recently on commodity strength. That sector strength contrasts with Timeless’s intraday weakness, suggesting stock-specific flows dominate price action. Short-term traders should watch support at HKD 0.26 and a stop-loss below HKD 0.24; longer-term investors should monitor earnings and cash flow metrics before adding exposure.
Final Thoughts
Timeless Software Limited (8028.HK) registered an intraday fall of 23.29% to HKD 0.28 on 10 Jan 2026 on the HKSE in Hong Kong, driven by low liquidity and recent multi-day selling pressure. Key fundamentals remain mixed: EPS -0.03, PE -11.00, PB 3.06, and market cap HKD 166,957,649.00. Technical support sits near HKD 0.26 and resistance at HKD 0.31 with the 50-day average at HKD 0.28. Meyka AI’s forecast model projects a 12-month price of HKD 0.35, implying about 26.26% upside from today’s level; forecasts are model-based projections and not guarantees. Investors should weigh tight liquidity and negative earnings against any sector tailwinds and clear operational catalysts before adjusting positions.
FAQs
Why did 8028.HK stock drop so sharply intraday?
The intraday drop of 23.29% was driven by low liquidity, high relative volume concentration and short-term selling pressure. No major company disclosure accompanied the move, so market flows likely amplified the decline.
What are immediate support and resistance levels for 8028.HK stock?
Immediate technical support is near HKD 0.26 with resistance around HKD 0.31 and the 50-day average at HKD 0.28. Breaks of these levels can signal short-term continuation or recovery.
How does Meyka AI view 8028.HK stock?
Meyka AI rates 8028.HK with a score out of 100 at 63.54 (Grade B, HOLD). The assessment combines benchmark, sector, financial metrics and forecasts. This is informational and not investment advice.
What is the 12-month outlook for 8028.HK stock?
Meyka AI’s forecast model projects a 12-month price of HKD 0.35, implying roughly 26.26% upside from HKD 0.28. Forecasts are model-based projections and not guarantees; monitor company updates.
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.
