0708.HK China Evergrande NEV HK$0.17 HKSE pre-market 17 Mar 2026: oversold bounce watch

The 0708.HK stock trades at HK$0.17 in Hong Kong pre-market on 17 Mar 2026, flagging an oversold bounce setup after heavy volume. Volume today is 162,856,795 versus an average of 32,634,888, a relative volume of 4.99, suggesting forced selling may have exhausted supply. Fundamentals remain weak — EPS -2.65 and a negative P/E — but short-term technical conditions and a low float push traders to watch a bounce. This piece lays out the trade case, risk controls, and model forecasts for the HKSE-listed China Evergrande New Energy Vehicle Group Limited.