CATL is approaching a key resistance level. The market is waiting for a catalyst from the Tech Day while guarding against consolidation at high levels.

CATL's short-term trend remains strong. After rebounding from the low of 462.317, the stock price has continued to rise and is now stabilizing above multiple short-term moving averages, indicating that the overall upward momentum remains intact. However, the current price of 702.500 is approaching the resistance level of 708.000 and is also close to the upper Bollinger Band at 714.444. Selling pressure is beginning to increase, making a consolidation at high levels more likely in the short term. The risk-reward ratio at this stage remains neutral.
Overall market sentiment is positive, but divergence at high levels is also increasing. On one hand, some investors are focusing on the upcoming Tech Day, expecting positive news to catalyze a new round of gains. Others believe that high oil prices are favorable for capital allocation in the new energy sector, reflecting continued confidence in CATL's near-to-medium term prospects. On the other hand, some investors are starting to worry that the current stock price level is too high, believing the upward momentum is insufficient. They anticipate a possible pullback in the short term, and some are even leaning towards bearish positions, indicating that the willingness to chase the rally at these highs is not uniform.
Common questions mainly focus on three areas. First, whether Tech Day will become a trigger for further price increases, as the market clearly anticipates a positive catalyst from the event. Second, whether to buy at the current price or wait for a pullback before deploying capital. Many investors remain cautious about the risk-reward profile above 700 yuan. Third, whether the short-term uptrend can continue or if a pullback and consolidation will occur first, a point on which the market shows significant divergence.
Technically, the key short-term level for CATL remains at 684.900. If the stock price can stabilize above this level and further break through 708.000, there is a chance to test 714.444 in the short term. Conversely, if it falls below 684.900, attention should turn to the potential test of the 666.485 support level. The RSI is at 65.629, indicating that short-term momentum remains relatively strong. Meanwhile, the current price is significantly above the Bollinger Band midline of 650.026, suggesting the overall structure is still strong. However, as the price gradually approaches the upper band at 714.444, the room for further chasing is narrowing. The current stage is more suitable to be viewed as a period of high-level consolidation within a strong trend.

CATL (03750) Deployment Focus: 684.900 is the watershed. Holding above it can maintain strength and test 708 and 714. A break above 708 can be chased. If it falls below 684.900, the focus shifts to testing 666.485.
Strategy 1 | Break above 708 to chase the uptrend with Call 27566 | Strike price 830.5 | Effective leverage 3.5x | Mid-range out-of-the-money, suitable for following the trend after a confirmed breakout, balancing potential and stability 27216 | Strike price 837.5 | Effective leverage 6.5x | Higher leverage, suitable for capturing the acceleration phase after a breakout 27109 | 5 Strike price multiple | Closer-to-the-money design, high sensitivity, suitable for short-term chasing.

Strategy 2 | Hold above 684.900 for bargain-hunting with Call 28063 | Strike price 788.5 | Effective leverage 4.0x | Main out-of-the-money zone, balanced offense and defense, suitable for phased accumulation during consolidation 27446 | Strike price 788 | Effective leverage 3.9x | Conservative configuration, suitable for expecting high levels 32229 5.4x | In-the-money product, stronger holding power, suitable for holding positions to wait for the uptrend to continue.

Strategy 3 | Fall below 684.900 to reverse and go short with Put 27504 | Strike price 551.38 | Effective leverage 2.6x | Mid-range out-of-the-money, suitable for capturing the initial phase of a decline after breaking the watershed 27083 | Strike price 550.88 | Effective leverage 2.4x | Conservative put, suitable for expecting 65 exercise 26 515.05 | Effective leverage 2.5x | Further out-of-the-money, suitable for expecting a prolonged downtrend rather than a single-day pullback.