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[Warrant Perspective] Zijin Mining Warrant Review: Up 4.48% to a recent high, highly elastic targets become the top choice for profit-taking
On January 6, the full-day closing price was 38.26 yuan, up 4.48% in a single day, with a turnover of 3.828 billion yuan, showing quite active performance.
Zijin Mining's latest price at 10:45 AM today (January 7) was HKD 38.56, with a slight increase of 0.89%.Resistance levels are at HKD 40.4 and HKD 42.3; support levels are at HKD 35.4 and HKD 33.9 respectively.MA10, MA30, and MA60 are at HKD 35.6, HKD 33.51, and HKD 32.97 respectively. The stock price has stabilized above the key moving averages, showing a strong trend. In terms of indicators, the RSI is at 70, the Williams %R indicator shows an overbought condition and gives a sell signal, and the stochastic oscillator also provides a sell signal. However, the ADX indicator, MACD signal, Bollinger Bands, and Ichimoku Cloud all show buy signals. There is some divergence in the bullish-bearish indicators. Overall technical indicators suggest a sell signal with a strength of 10.
![$ZIJIN MINING (02899.HK)$ On January 6, the full-day closing price was 38.26 yuan, up 4.48% in a single day, with a turnover of 3.828 billion yuan, showing quite active performance. Zijin Mining (as of the 7th) latest quote at 10:45 AM was 38.56 yuan, temporarily up 0.89%,Resistance levels are at 40.4 yuan and 42.3 yuan; support levels are at 35.4 yuan and 33.9 yuan respectively.MA10, MA30, and MA60 are at 35.6 yuan, 33.51 yuan, and 32.97 yuan respectively. The underlying stock price has stabilized above all major moving averages, showing a strong pattern. In terms of indicators, RSI is at 70, the Williams indicator shows an overbought condition and issues a sell signal, and the stochastic oscillator also gives a sell signal. However, the ADX indicator, MACD signal, Bollinger Bands, and Ichimoku Cloud all show buy signals, indicating some divergence among the indicators. The overall technical indicator summary signal is to sell, with a signal strength of 10. In terms of sectors, commodity stocks performed strongly on January 6, driving individual stocks like Zijin Mining higher and creating a clear sector linkage effect. It is worth noting thatIn our [BOC Guest] column, Niki Zhu, Director of BOC International, commented on Zijin Mining:The share price keeps hitting recent highs. Investors can choose to buy the stock directly, but with warrants, due to the leverage effect and the lower capital required compared to buying stocks, returns will be more significant thanks to the leverage principle. So everyone can continue...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260107/web-1767755088984-fgHD32nMEd.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
In terms of sectors, commodity stocks performed strongly on January 6, driving up related stocks like Zijin Mining, creating an obvious sector linkage effect.
It is worth noting thatIn our [BOC Guest] column, Niki Zhu, Director of BOC International, commented on Zijin Mining:The stock price keeps hitting recent highs. Investors can choose to directly purchase the stock, but with warrants, there is leverage effect, requiring much less capital than buying the stock. Through the principle of leverage, returns will be more significant. Therefore, you can continue to monitor products related to Zijin Mining, such as the call warrant 21590, with an exercise price of HKD 48.6, expiring around mid-April this year, offering a good leverage of about 7x. It’s also recommended to keep an eye on commodity-related stocks this year.January 6th [BOC Guest] Hang Seng Index, Zijin Mining, Jiangxi Copper, CICC, Cathay Pacific Haitong, Li Ning $Hang Seng Index (800000.HK)$$JIANGXI COPPER (00358.HK)$$CICC (03908.HK)$$GTHT (02611.HK)$$LI NING (02331.HK)$
Looking back at the recent performance of popular warrants, multiple Zijin Mining-related products launched on January 2, 2026, showed strong resilience in the following two days. $BP#ZIJINRC2609E.C (63568.HK)$ The increase reached 30% after two days, while the underlying stock rose only 3.57% during the same period. $SG#ZIJINRC2609G.C (60105.HK)$ The increase after two days was also 24%, again outperforming the underlying stock. The core reason for such outstanding returns of these two bull contracts lies in the rise of the underlying stock, which fully unleashed the leverage effect, amplifying the gains of the underlying stock and demonstrating the sensitivity of high Delta to stock volatility. Additionally, $UBZIJIN@EC2604C.C (22176.HK)$ the increases of 23% and 22% respectively benefited from the upward movement of the underlying stock, showcasing good resilience.
![$ZIJIN MINING (02899.HK)$ On January 6, the full-day closing price was 38.26 yuan, up 4.48% in a single day, with a turnover of 3.828 billion yuan, showing quite active performance. Zijin Mining (as of the 7th) latest quote at 10:45 AM was 38.56 yuan, temporarily up 0.89%,Resistance levels are at 40.4 yuan and 42.3 yuan; support levels are at 35.4 yuan and 33.9 yuan respectively.MA10, MA30, and MA60 are at 35.6 yuan, 33.51 yuan, and 32.97 yuan respectively. The underlying stock price has stabilized above all major moving averages, showing a strong pattern. In terms of indicators, RSI is at 70, the Williams indicator shows an overbought condition and issues a sell signal, and the stochastic oscillator also gives a sell signal. However, the ADX indicator, MACD signal, Bollinger Bands, and Ichimoku Cloud all show buy signals, indicating some divergence among the indicators. The overall technical indicator summary signal is to sell, with a signal strength of 10. In terms of sectors, commodity stocks performed strongly on January 6, driving individual stocks like Zijin Mining higher and creating a clear sector linkage effect. It is worth noting thatIn our [BOC Guest] column, Niki Zhu, Director of BOC International, commented on Zijin Mining:The share price keeps hitting recent highs. Investors can choose to buy the stock directly, but with warrants, due to the leverage effect and the lower capital required compared to buying stocks, returns will be more significant thanks to the leverage principle. So everyone can continue...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260107/web-1767755318689-JBTS5wXWKR.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Based on the current trend of Zijin Mining and the status of the warrant pool, we have selected two high cost-effective targets for your reference.
The first is $CTZIJIN@EC2605A.C (22889.HK)$ , with an actual leverage of 5.4 times and a strike price of 44.01 yuan. Its biggest advantage lies in having the lowest premium rate and implied volatility among similar products, offering higher cost efficiency. It is suitable for investors who pursue low-cost deployment and are optimistic about the continued rise of the underlying stock.
The second is $BP#ZIJINRC2609E.C (63568.HK)$ , with an actual leverage of 5.8 times and a call price of 32.8 yuan. Not only does it have high actual leverage, but its premium rate is also relatively low. Moreover, based on previous performance, it reacts sensitively to fluctuations in the underlying stock, and liquidity is guaranteed. It suits investors who prefer high elasticity and want to seize short-term upward opportunities.
![$ZIJIN MINING (02899.HK)$ On January 6, the full-day closing price was 38.26 yuan, up 4.48% in a single day, with a turnover of 3.828 billion yuan, showing quite active performance. Zijin Mining (as of the 7th) latest quote at 10:45 AM was 38.56 yuan, temporarily up 0.89%,Resistance levels are at 40.4 yuan and 42.3 yuan; support levels are at 35.4 yuan and 33.9 yuan respectively.MA10, MA30, and MA60 are at 35.6 yuan, 33.51 yuan, and 32.97 yuan respectively. The underlying stock price has stabilized above all major moving averages, showing a strong pattern. In terms of indicators, RSI is at 70, the Williams indicator shows an overbought condition and issues a sell signal, and the stochastic oscillator also gives a sell signal. However, the ADX indicator, MACD signal, Bollinger Bands, and Ichimoku Cloud all show buy signals, indicating some divergence among the indicators. The overall technical indicator summary signal is to sell, with a signal strength of 10. In terms of sectors, commodity stocks performed strongly on January 6, driving individual stocks like Zijin Mining higher and creating a clear sector linkage effect. It is worth noting thatIn our [BOC Guest] column, Niki Zhu, Director of BOC International, commented on Zijin Mining:The share price keeps hitting recent highs. Investors can choose to buy the stock directly, but with warrants, due to the leverage effect and the lower capital required compared to buying stocks, returns will be more significant thanks to the leverage principle. So everyone can continue...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260107/web-1767755338031-jlUnGfrPzm.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
![$ZIJIN MINING (02899.HK)$ On January 6, the full-day closing price was 38.26 yuan, up 4.48% in a single day, with a turnover of 3.828 billion yuan, showing quite active performance. Zijin Mining (as of the 7th) latest quote at 10:45 AM was 38.56 yuan, temporarily up 0.89%,Resistance levels are at 40.4 yuan and 42.3 yuan; support levels are at 35.4 yuan and 33.9 yuan respectively.MA10, MA30, and MA60 are at 35.6 yuan, 33.51 yuan, and 32.97 yuan respectively. The underlying stock price has stabilized above all major moving averages, showing a strong pattern. In terms of indicators, RSI is at 70, the Williams indicator shows an overbought condition and issues a sell signal, and the stochastic oscillator also gives a sell signal. However, the ADX indicator, MACD signal, Bollinger Bands, and Ichimoku Cloud all show buy signals, indicating some divergence among the indicators. The overall technical indicator summary signal is to sell, with a signal strength of 10. In terms of sectors, commodity stocks performed strongly on January 6, driving individual stocks like Zijin Mining higher and creating a clear sector linkage effect. It is worth noting thatIn our [BOC Guest] column, Niki Zhu, Director of BOC International, commented on Zijin Mining:The share price keeps hitting recent highs. Investors can choose to buy the stock directly, but with warrants, due to the leverage effect and the lower capital required compared to buying stocks, returns will be more significant thanks to the leverage principle. So everyone can continue...](https://nnqimage.futunn.com/sns_client_feed/1162342/20260107/web-1767755338033-V8cdjHIsBE.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Risk Warning:Currently, Zijin Mining's RSI has reached 70, nearing the overbought region, and there may be short-term pullback pressure. Investors in related call warrants and bull contracts should beware of potential losses from corrections in the underlying stock. Additionally, time decay accelerates for some short-dated warrants nearing expiration, so holding them long-term is not recommended. For bull contracts, close attention must be paid to support near the call price; if the underlying stock pulls back significantly towards the call price, forced redemption could be triggered, resulting in substantial losses for investors.
Zijin Mining is currently standing firm above major moving averages and might challenge the resistance level at 42.3 yuan in the short term. However, it also faces pullback pressure from being overbought. Would you choose low-premium call warrants for stable deployment or high-leverage bull contracts to bet on short-term volatility?Feel free to leave your thoughts in the comment section! Want more analysis? Don’t forget to follow ‘HK Stock Warrants Jenny’ for daily updates!
Disclaimer: 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 shall not be liable for any loss or damage arising from reliance on the information in this article. Technical analysis merely indicates whether certain technical conditions are met; a comprehensive evaluation of asset performance should incorporate additional data. Trading decisions should not be based solely on the content of this article. Please note that past performance is not indicative of future results.
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