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港股窩輪Jenny
joined discussion · Feb 27 10:17

[Warrant Perspective] Zijin Mining's moving averages provide support, but the signals lean bearish; select warrants to capture potential opportunities.

On February 26, $ZIJIN MINING (02899.HK)$
Closing price at 44.48 yuan, a slight daily decline of 0.94%, trading volume at 2.412 billion yuan, with a 5-day volatility of 6.5%. The overall trend is relatively stable but slightly weak.
From a technical indicator perspective, the RSI is at 60, in the neutral zone, not entering overbought or oversold territory; the overall technical indicator summary signal is "sell," with a signal strength of 11, indicating a slightly bearish signal. Regarding moving averages, the closing price is slightly above MA10 (43.69 yuan), MA30 (41.97 yuan), and MA60 (38.26 yuan). Medium- to long-term moving averages provide some support, while short-term there is slight pressure from technical signals.
On February 26, $ZIJIN MINING (02899.HK)$ Closing price at 44.48 yuan, a slight daily decline of 0.94%, trading volume at 2.412 billion yuan, with a 5-day volatility of 6.5%. The overall trend is relatively stable but slightly weak. From a technical indicator perspective, the RSI index is at 60, in the neutral zone, not entering overbought or oversold territory; the comprehensive technical indicator summary signal is 'Sell', with signal strength at 11, indicating a bearish bias. In terms of moving averages, the closing price is slightly above MA10 (43.69 yuan), MA30 (41.97 yuan), and MA60 (38.26 yuan). Medium- to long-term moving averages provide some support, while short-term there is slight pressure from technical signals. On the support side, there are two key support levels: 41.9 yuan (Support 1) and 39.5 yuan (Support 2); resistance levels are concentrated at 46.6 yuan (Resistance 1) and 49.4 yuan (Resistance 2). A short-term breakthrough above 46.6 yuan may alleviate the bearish pattern, otherwise attention should be paid to the support strength at 41.9 yuan. On the previous day (February 26), Zijin Mining's stock price fluctuated near MA10, and short-term operations can appropriately focus on whether this moving average holds or breaks, rationally addressing short-term fluctuations in technical signals. On February 26, resource stocks related to Zijin Mining were generally weak, with most recording declines, except for $MAANSHAN IRON (00323.HK)$a single-day increase of 0.78%, while other individual stocks fell between 1.44% and 3.69%. Technical aspects...
In terms of support levels, there are two key support points below: 41.9 yuan (support 1) and 39.5 yuan (support 2); resistance levels are concentrated at 46.6 yuan (resistance 1) and 49.4 yuan (resistance 2). If it can break through 46.6 yuan in the short term, it may alleviate the bearish pattern, otherwise, attention should be paid to the support strength at 41.9 yuan.
On the previous day (the 26th), Zijin Mining's share price fluctuated near MA10. For short-term operations, attention can be appropriately focused on the gain or loss around this moving average, rationally addressing short-term fluctuations in technical signals.
On February 26, resource stocks, including Zijin Mining, were generally weak, with most recording declines. Only $MAANSHAN IRON (00323.HK)$ rose by 0.78% in a single day, while the declines for other stocks ranged between 1.44% and 3.69%.
From a technical perspective, most stocks had a composite technical indicator showing a "sell" signal, among which Zijin Mining and $CMOC (03993.HK)$ 、 $CHALCO (02600.HK)$ had a "sell" signal strength of 11, indicating relatively strong bearish pressure; $CHINA SHENHUA (01088.HK)$ was one of the few stocks receiving a "buy" signal, with a strength of 7, making it relatively resilient.
Regarding moving average performance, the closing prices of most stocks hovered near MA10, where short-term moving averages serve as both support and resistance. Stocks like Zijin Mining and Luoyang Molybdenum have moved above MA10, MA30, and MA60, giving them a relative technical advantage over similar stocks.
Review and Selection of Warrants Products:
I. Review of past warrant performance:
Looking back at the two Zijin Mining warrants recommended on February 20, 2026, their performance was commendable: $HSZIJIN@EC2604A.C (21895.HK)$ The increase reached 38% after 2 days, compared to a 6.47% rise in the underlying stock over the same period; $BIZIJIN@EC2604B.C (21590.HK)$ The increase was 16% after 2 days, corresponding to a 3.24% rise in the underlying stock, demonstrating that selecting the appropriate warrant product can effectively amplify gains from the underlying stock.
On February 26, $ZIJIN MINING (02899.HK)$ Closing price at 44.48 yuan, a slight daily decline of 0.94%, trading volume at 2.412 billion yuan, with a 5-day volatility of 6.5%. The overall trend is relatively stable but slightly weak. From a technical indicator perspective, the RSI index is at 60, in the neutral zone, not entering overbought or oversold territory; the comprehensive technical indicator summary signal is 'Sell', with signal strength at 11, indicating a bearish bias. In terms of moving averages, the closing price is slightly above MA10 (43.69 yuan), MA30 (41.97 yuan), and MA60 (38.26 yuan). Medium- to long-term moving averages provide some support, while short-term there is slight pressure from technical signals. On the support side, there are two key support levels: 41.9 yuan (Support 1) and 39.5 yuan (Support 2); resistance levels are concentrated at 46.6 yuan (Resistance 1) and 49.4 yuan (Resistance 2). A short-term breakthrough above 46.6 yuan may alleviate the bearish pattern, otherwise attention should be paid to the support strength at 41.9 yuan. On the previous day (February 26), Zijin Mining's stock price fluctuated near MA10, and short-term operations can appropriately focus on whether this moving average holds or breaks, rationally addressing short-term fluctuations in technical signals. On February 26, resource stocks related to Zijin Mining were generally weak, with most recording declines, except for $MAANSHAN IRON (00323.HK)$a single-day increase of 0.78%, while other individual stocks fell between 1.44% and 3.69%. Technical aspects...
II. Warrant Picks:
Based on Zijin Mining's price movement and technical signals, two high cost-performance warrant products are selected for investors' reference:
1、 $MSZIJIN@EC2612A.C (25749.HK)$ : Leverage 3.1, exercise price 46.12 yuan, core advantage is the lowest premium and implied volatility, suitable for investors who prefer stability and low premiums.
2、 $UB#ZIJINRC2610G.C (58739.HK)$ : Leverage 7, recovery price 39 yuan, lowest premium with relatively higher actual leverage, suitable for investors optimistic about Zijin Mining’s short-term rebound and willing to bear certain risks.
On February 26, $ZIJIN MINING (02899.HK)$ Closing price at 44.48 yuan, a slight daily decline of 0.94%, trading volume at 2.412 billion yuan, with a 5-day volatility of 6.5%. The overall trend is relatively stable but slightly weak. From a technical indicator perspective, the RSI index is at 60, in the neutral zone, not entering overbought or oversold territory; the comprehensive technical indicator summary signal is 'Sell', with signal strength at 11, indicating a bearish bias. In terms of moving averages, the closing price is slightly above MA10 (43.69 yuan), MA30 (41.97 yuan), and MA60 (38.26 yuan). Medium- to long-term moving averages provide some support, while short-term there is slight pressure from technical signals. On the support side, there are two key support levels: 41.9 yuan (Support 1) and 39.5 yuan (Support 2); resistance levels are concentrated at 46.6 yuan (Resistance 1) and 49.4 yuan (Resistance 2). A short-term breakthrough above 46.6 yuan may alleviate the bearish pattern, otherwise attention should be paid to the support strength at 41.9 yuan. On the previous day (February 26), Zijin Mining's stock price fluctuated near MA10, and short-term operations can appropriately focus on whether this moving average holds or breaks, rationally addressing short-term fluctuations in technical signals. On February 26, resource stocks related to Zijin Mining were generally weak, with most recording declines, except for $MAANSHAN IRON (00323.HK)$a single-day increase of 0.78%, while other individual stocks fell between 1.44% and 3.69%. Technical aspects...
On February 26, $ZIJIN MINING (02899.HK)$ Closing price at 44.48 yuan, a slight daily decline of 0.94%, trading volume at 2.412 billion yuan, with a 5-day volatility of 6.5%. The overall trend is relatively stable but slightly weak. From a technical indicator perspective, the RSI index is at 60, in the neutral zone, not entering overbought or oversold territory; the comprehensive technical indicator summary signal is 'Sell', with signal strength at 11, indicating a bearish bias. In terms of moving averages, the closing price is slightly above MA10 (43.69 yuan), MA30 (41.97 yuan), and MA60 (38.26 yuan). Medium- to long-term moving averages provide some support, while short-term there is slight pressure from technical signals. On the support side, there are two key support levels: 41.9 yuan (Support 1) and 39.5 yuan (Support 2); resistance levels are concentrated at 46.6 yuan (Resistance 1) and 49.4 yuan (Resistance 2). A short-term breakthrough above 46.6 yuan may alleviate the bearish pattern, otherwise attention should be paid to the support strength at 41.9 yuan. On the previous day (February 26), Zijin Mining's stock price fluctuated near MA10, and short-term operations can appropriately focus on whether this moving average holds or breaks, rationally addressing short-term fluctuations in technical signals. On February 26, resource stocks related to Zijin Mining were generally weak, with most recording declines, except for $MAANSHAN IRON (00323.HK)$a single-day increase of 0.78%, while other individual stocks fell between 1.44% and 3.69%. Technical aspects...
Risk Warning: Warrants are derivatives, investors should be mindful of risk control and choose products with appropriate leverage based on their risk tolerance, avoid blindly chasing highs.
Where do you think Zijin Mining will test in the short term? A. Support at 41.9 yuan. B. Resistance at 46.6 yuan. Come share your thoughts in the comment section.
For more analysis, be sure to follow Jenny's daily updates on "HK Stock Warrants"!
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 be conducted using additional data. Decisions to trade should not be based solely on this article. Please note that past performance is not indicative of future results.
#HongKongStocks #RealTimeAnalysis #WarrantsSelection #WarrantsStrategy #DerivativesHedging #HongKongWarrantsJenny #ZijinMining #ResourceStocks #TechnicalAnalysis
@Susantam
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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