What is the immediate technical trigger for a 0708.HK stock bounce?

The immediate trigger is the intraday volume spike of **162,856,795** shares and a reclaim above **HKD 0.19**. That volume at current levels can fuel short-covering and a move toward the 50-day average near **HKD 0.18** and initial resistance at **HKD 0.26**.

How risky is an oversold bounce trade in 0708.HK stock?

Risk is high: EPS is **-2.60**, book value per share is **-3.48**, current ratio **0.34**, and interest coverage **-4.66**. Use small position sizes, tight stops, and avoid overnight exposure unless corporate news improves fundamentals.

What are realistic short-term and 12-month targets for 0708.HK stock?

Meyka AI's short-term bounce target is **HKD 0.28** and a 12-month central case is **HKD 0.40** versus the current **HKD 0.17**. These are model projections and not guarantees; they assume improved liquidity and no major adverse announcements.

Where can I follow company updates for 0708.HK stock?

Monitor official filings and announcements on the company website [Evergrande Health](https://health.evergrande.com) and check trading alerts at Meyka AI for real-time flagged events affecting 0708.HK stock.

HK Stocks

0708.HK China Evergrande (HKSE) intraday oversold bounce: watch HKD 0.17 support

ByHuzaifa Zahoor January 13, 2026January 13, 2026

We see a clear intraday oversold bounce setup for 0708.HK stock on 13 Jan 2026 after a heavy volume spike. The Hong Kong-listed China Evergrande New Energy Vehicle Group Limited (HKSE) traded at HKD 0.17, swinging to an intraday high of HKD 0.214 on volume of 162,856,795 shares. That volume is nearly five times the 30-day average and signals short-term squeeze potential. Traders can watch HKD 0.17 as a near-term support and consider a measured bounce play given the 50-day average of HKD 0.18 and a 200-day average of HKD 0.26.