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Inflation heats up, central banks turn hawkish! Is the wind changing for gold prices?
港股窩輪Jenny
joined discussion · Feb 25 14:29

Jiangxi Copper Short-Term Trend Analysis: Strong support from gold and copper prices, the 50-yuan level becomes a key point for future trends

$JIANGXI COPPER (00358.HK)$Jiangxi Copper (00358.HK) has recently shown a strong upward trend in its stock price, closing at 46.06 yuan on February 25th, with an increase of 1.86%. From a technical perspective, Jiangxi Copper is currently in a strong uptrend channel. The stock price has recently broken through multiple moving averages; the 10-day line (44.54 yuan) and the 30-day line (45.56 yuan) have crossed above the 60-day line (41.25 yuan), forming a bullish alignment that supports short-term movement.
In terms of technical indicators, the RSI is at 56, reflecting that buying power has a slight advantage; the Stochastic Oscillator is issuing a 'buy signal', the Williams %R shows 'overbought condition, neutral signal', and the CCI indicator is 'neutral'. Overall, the technical aspects show a mix of bullish and bearish signals. Notably, both the ROC and Bull/Bear Power indicators are showing 'buy' signals, providing technical support for short-term movements. Although the overall technical summary signal indicates 'sell' with a strength of 9, it mainly reflects consolidation needs after short-term overbought conditions, while the medium-term trend remains positive.
In terms of support and resistance levels, based on the latest technical data, Jiangxi Copper's primary short-term support level is located at 43.1 yuan. This position was the low area during the stock price consolidation in mid-February and is close to the 10-day line, offering certain support. If this position fails, more critical support will be found at 42.2 yuan, which is the level of the 20-day line and also the bottom of the short-term uptrend channel. Regarding resistance levels, the stock price is currently challenging the short-term resistance at 50.1 yuan, which is the rebound high since Q4 2025. If this level is successfully broken, the next resistance will be at 51.5 yuan, the historical high area since 2022.
$JIANGXI COPPER (00358.HK)$Jiangxi Copper (00358.HK) has recently shown a strong upward trend in its stock price, closing at 46.06 yuan on February 25th, with an increase of 1.86%. From a technical perspective, Jiangxi Copper is currently in a strong uptrend channel. The stock price has recently broken through multiple moving averages; the 10-day line (44.54 yuan) and the 30-day line (45.56 yuan) have crossed above the 60-day line (41.25 yuan), forming a bullish alignment that supports short-term movement. In terms of technical indicators, the RSI is at 56, reflecting that buying power has a slight advantage; the Stochastic Oscillator is issuing a 'buy signal', the Williams %R shows 'overbought condition, neutral signal', and the CCI indicator is 'neutral'. Overall, the technical aspects show a mix of bullish and bearish signals. Notably, both the ROC and Bull/Bear Power indicators are showing 'buy' signals, providing technical support for short-term movements. Although the overall technical summary signal indicates 'sell' with a strength of 9, it mainly reflects consolidation needs after short-term overbought conditions, while the medium-term trend remains positive. In terms of support and resistance levels, based on the latest technical data, Jiangxi Copper's primary short-term support level is located at 43.1 yuan. This position was the low area during the stock price consolidation in mid-February and is close to the 10-day line, offering certain support. If this position fails, more critical support will be found at 42.2 yuan, which is the level of the 20-day line and also the bottom of the short-term uptrend channel. Regarding resistance levels, the stock price is currently challenging...
Correlation analysis between column views and recent trends
Reviewing Niki’s viewpoint from the January 20th [BOC Guest], where she pointed out that the resource sector continues to attract investor attention, with gold prices strongly returning and precious metal prices like silver at historic highs. She mentioned international gold prices had broken through 4,700 yuan/gram and expected a gradual upward trend. More importantly, Niki specifically noted that although Jiangxi Copper is named after copper, about 20%-30% of its profits come from gold business, a crucial insight for understanding the factors driving Jiangxi Copper's stock price. Comparing the current market situation, Jiangxi Copper's stock price rose from approximately 42 yuan on January 20th to the current 46.66 yuan, an increase of about 11%, closely related to the gold price trend during the same period. Although Niki did not directly recommend Jiangxi Copper's products at the time, her positive outlook on the resource sector foreshadowed the subsequent trend.
January 13th [Bank of China Guest] Hang Seng Index, Zijin Mining, Jiangxi Copper, CSPC Pharma, Wuxi Bio, China Life
Reviewing Niki's perspective from the January 13 episode of [BOC Guest], she further elaborated on her positive outlook for precious metal-related stocks, pointing out that early 2026 dynamics between major countries regarding resources will likely continue to push up resource prices, potentially making precious metals a safe-haven asset. She mentioned that international gold prices could rise to $5,000 per ounce, having already reached $4,600 per ounce at the time, which is very close to the target. This view aligns highly with the current market trend. Niki also noted that while commodity stocks may not be among the top three sectors attracting inflows, the overall increase in trading volume indicates that a group of investors has begun to make early deployments. Reflecting on Jiangxi Copper's stock price performance, it rose from around 40 yuan on January 13 to its current price, marking an increase of nearly 17%, validating Niki’s forward-looking judgment on resource stocks.
More importantly, during the January 13 program, Niki explicitly recommended Jiangxi Copper's warrant product — BOC Call Warrant 27366. $BIJIANC@EC2604B.C (27366.HK)$ With a strike price of 52.88 yuan, expiring in mid-April this year, offering about 5x leverage. The strike price of 52.88 yuan is close to the current resistance level of 51.5 yuan, reflecting her expectation that Jiangxi Copper will challenge its historical high.From January 13 to now, Jiangxi Copper's share price has risen from approximately 40 yuan to 46.66 yuan, an increase of about 17%. During this period, it reached a high of 47.5 yuan, still about 11% away from the strike price of 52.88 yuan, demonstrating the forward-looking nature of Niki's target price.
In terms of market news, copper stocks have collectively surged recently. Citi issued a research report stating they are bullish on copper prices in the short term, predicting that prices will reach $14,000 per ton within the next three months. Citi believes downside risks for copper prices are limited, while upside risks are favorable due to optimistic expectations for cyclical growth in copper prices, along with factors like de-dollarization, currency depreciation, and resource security prompting investors to build more positions in physical assets. Goldman Sachs also pointed out that ongoing adjustments in investor asset allocation may keep prices of certain metals (such as copper) elevated over the long term, creating structural premiums. Additionally, Jiangxi Copper has made significant progress in overseas acquisitions; the company's offer to acquire SolGold plc has been approved by both the court and shareholders' meeting. This acquisition is expected to further enhance the company’s global positioning in copper resources.
Reviewing the product mentioned in this column on February 23, its performance in the following two days confirmed the high sensitivity of warrants. At that time, the underlying stock, Jiangxi Copper, rose 1.70% in two days, driving HSBC Call Warrant (23853) and UBS Group Call Warrant (21899) to record increases of 13% and 14%, respectively, fully demonstrating the leverage characteristics of derivative instruments.
$JIANGXI COPPER (00358.HK)$Jiangxi Copper (00358.HK) has recently shown a strong upward trend in its stock price, closing at 46.06 yuan on February 25th, with an increase of 1.86%. From a technical perspective, Jiangxi Copper is currently in a strong uptrend channel. The stock price has recently broken through multiple moving averages; the 10-day line (44.54 yuan) and the 30-day line (45.56 yuan) have crossed above the 60-day line (41.25 yuan), forming a bullish alignment that supports short-term movement. In terms of technical indicators, the RSI is at 56, reflecting that buying power has a slight advantage; the Stochastic Oscillator is issuing a 'buy signal', the Williams %R shows 'overbought condition, neutral signal', and the CCI indicator is 'neutral'. Overall, the technical aspects show a mix of bullish and bearish signals. Notably, both the ROC and Bull/Bear Power indicators are showing 'buy' signals, providing technical support for short-term movements. Although the overall technical summary signal indicates 'sell' with a strength of 9, it mainly reflects consolidation needs after short-term overbought conditions, while the medium-term trend remains positive. In terms of support and resistance levels, based on the latest technical data, Jiangxi Copper's primary short-term support level is located at 43.1 yuan. This position was the low area during the stock price consolidation in mid-February and is close to the 10-day line, offering certain support. If this position fails, more critical support will be found at 42.2 yuan, which is the level of the 20-day line and also the bottom of the short-term uptrend channel. Regarding resistance levels, the stock price is currently challenging...
Under current market conditions, investors can choose from the following products based on their outlook for the future market. If one believes Jiangxi Copper can stabilize above the support level and break through the resistance at 50.1 yuan, they may consider deploying call warrants. DBS Call Warrant (23408). $DSJIANC@EC2604A.C (23408.HK)$ The exercise price is 50.05 yuan, closely matching the first resistance level of 50.1 yuan, making it an out-of-the-money warrant with the lowest premium and implied volatility among similar products, providing 7.9x leverage, suitable for capturing upward movements once the underlying stock breaks through resistance. $JPJIANC@EC2604B.C (21885.HK)$ JPMorgan Call Warrant (21885), with the same exercise price of 50.05 yuan, offers 7.5x leverage and relatively low premium, making it another good choice.
BOC Call Warrant (27366) is the product Niki recommended on the January 13 program, with a strike price of 52.88 yuan, close to the second resistance level of 51.5 yuan, categorized as an out-of-the-money warrant. It provides 7.01x leverage, with a premium of 19.22%, implied volatility of 67.18%, and a street volume of 4.46%. The terms of this product match Niki's recommendation at the time, making it suitable for investors who believe Jiangxi Copper can break through the historical resistance of 51.5 yuan and aim for higher levels. A street volume of only 4.46% indicates that market attention is still in its early stages, offering potential room for upward movement.
Conversely, if investors believe that Jiangxi Copper will consolidate after a short-term overbought condition and retest support at 43.1 yuan or even 42.2 yuan, they may consider using put warrants for hedging or as a short-term bearish strategy. The J.P. Morgan put warrant (25137) has a strike price of 43.58 yuan, close to the first support level at 43.1 yuan, making it an at-the-money contract with the lowest premium and offering 1.5x leverage. This makes it suitable for capturing potential declines in the share price back to the support zone. With its low premium, this product offers relatively transparent investment costs and closely tracks the underlying stock's movements.
$JIANGXI COPPER (00358.HK)$Jiangxi Copper (00358.HK) has recently shown a strong upward trend in its stock price, closing at 46.06 yuan on February 25th, with an increase of 1.86%. From a technical perspective, Jiangxi Copper is currently in a strong uptrend channel. The stock price has recently broken through multiple moving averages; the 10-day line (44.54 yuan) and the 30-day line (45.56 yuan) have crossed above the 60-day line (41.25 yuan), forming a bullish alignment that supports short-term movement. In terms of technical indicators, the RSI is at 56, reflecting that buying power has a slight advantage; the Stochastic Oscillator is issuing a 'buy signal', the Williams %R shows 'overbought condition, neutral signal', and the CCI indicator is 'neutral'. Overall, the technical aspects show a mix of bullish and bearish signals. Notably, both the ROC and Bull/Bear Power indicators are showing 'buy' signals, providing technical support for short-term movements. Although the overall technical summary signal indicates 'sell' with a strength of 9, it mainly reflects consolidation needs after short-term overbought conditions, while the medium-term trend remains positive. In terms of support and resistance levels, based on the latest technical data, Jiangxi Copper's primary short-term support level is located at 43.1 yuan. This position was the low area during the stock price consolidation in mid-February and is close to the 10-day line, offering certain support. If this position fails, more critical support will be found at 42.2 yuan, which is the level of the 20-day line and also the bottom of the short-term uptrend channel. Regarding resistance levels, the stock price is currently challenging...
Interactive Questions:
1. Regarding the short-term trend of Jiangxi Copper, do you think it can successfully break through the resistance at 50.1 yuan, or will it first retest the support at 43.1 yuan? Feel free to leave a comment sharing your thoughts.
2. Looking back at the 27366 recommended by BOC guest Niki on January 13th, which has a strike price of 52.88 yuan, do you think Jiangxi Copper can challenge this level before the April mid-expiration date? Feel free to share your experience and opinions.
Reminder: This article does not constitute any investment advice.
This article is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive assessment of asset performance should combine other data and should not solely rely on this article to make trading decisions. Please note that past performance is not indicative of future results. Follow Jenny's insights on Hong Kong stock warrants for more professional analysis.
#Jiangxi Copper#  #Hong Kong Stocks#  #Technical Analysis#  #Support and Resistance Levels#  #Warrants#  #Stock Options#  #Copper Price#  #Gold Concept#  #Resource Stocks#
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Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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