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港股窩輪Jenny
wrote a post · Apr 22 11:43

Zijin Mining is strongly approaching the previous high of 38.3 yuan, with the success of the breakout depending on support at 37.1 yuan.

$ZIJIN MINING (02899.HK)$
The recent trend has been continuously improving, with the stock price rebounding from a low of 31.66 and gradually stabilizing. On the previous day (the 21st), it closed at 38.2, already above several short-term moving averages, indicating an obvious strengthening in the short-term structure. The closing price on that day was close to the short-term high of 38.32 and also near the upper Bollinger Band, reflecting that the upward trend is still continuing. However, this also means resistance above is starting to increase, and before further upward movement in the short term, the market will be particularly sensitive about whether the breakout can be confirmed.
$ZIJIN MINING (02899.HK)$ The recent trend has been continuously improving, with the stock price rebounding from a low of 31.66 and gradually stabilizing. On the previous day (the 21st), it closed at 38.2, already above several short-term moving averages, indicating an obvious strengthening in the short-term structure. The closing price on that day was close to the short-term high of 38.32 and also near the upper Bollinger Band, reflecting that the upward trend is still continuing. However, this also means resistance above is starting to increase, and before further upward movement in the short term, the market will be particularly sensitive about whether the breakout can be confirmed. Looking at the precious metals and base metals mining sector, the market performance on the previous day (the 21st) was mixed, with Zijin Mining rising against the trend by 2.96%, standing out uniquely, while $SD GOLD (01787.HK)$ only slightly increased by 0.24%, $JIANGXI COPPER (00358.HK)$ fell by 0.77%. However, technical signals indicate risks: despite the rise, Zijin Mining's overall technical indicator signal remains 'neutral,' with an RSI of only 52, suggesting that the market is neither overheated nor diverging. The short-term trend is strong, and bullish sentiment may continue. In contrast, Shandong Gold’s technical signal is 'neutral,' showing relatively stable movements. This shows that Zijin's strong upward attack occurs in an environment where the sector is differentiated, and its own technical indicators are beginning to show signs of overheating. Whether it can break through 38.32 yuan not only tests its own momentum but also requires caution regarding potential profit-taking pressure if there is no resonance among peers. In terms of comments, market sentiment clearly shows divergence. On one hand, some investors...
Looking at the precious metals and base metals mining sector, the market performance on the previous day (the 21st) was mixed, with Zijin Mining rising against the trend by 2.96%, standing out uniquely, while $SD GOLD (01787.HK)$ only slightly increased by 0.24%, $JIANGXI COPPER (00358.HK)$ It fell by 0.77%. However, technical signals suggest risks: despite the rise, Zijin Mining's technical indicator summary signal is 'neutral,' with an RSI of only 52, indicating that the market hasn't shown overheating or divergence. The short-term trend remains strong, and a continued bullish outlook is possible. By comparison, Shandong Gold's technical signal is 'neutral,' showing relatively stable movements. This suggests that Zijin's strong upward momentum occurs amidst sector differentiation and its own technical indicators hinting at overheating. Whether it can break through 38.32 yuan will not only test its internal momentum but also requires caution about potential profit-taking pressure in the absence of industry-wide support.
$ZIJIN MINING (02899.HK)$ The recent trend has been continuously improving, with the stock price rebounding from a low of 31.66 and gradually stabilizing. On the previous day (the 21st), it closed at 38.2, already above several short-term moving averages, indicating an obvious strengthening in the short-term structure. The closing price on that day was close to the short-term high of 38.32 and also near the upper Bollinger Band, reflecting that the upward trend is still continuing. However, this also means resistance above is starting to increase, and before further upward movement in the short term, the market will be particularly sensitive about whether the breakout can be confirmed. Looking at the precious metals and base metals mining sector, the market performance on the previous day (the 21st) was mixed, with Zijin Mining rising against the trend by 2.96%, standing out uniquely, while $SD GOLD (01787.HK)$ only slightly increased by 0.24%, $JIANGXI COPPER (00358.HK)$ fell by 0.77%. However, technical signals indicate risks: despite the rise, Zijin Mining's overall technical indicator signal remains 'neutral,' with an RSI of only 52, suggesting that the market is neither overheated nor diverging. The short-term trend is strong, and bullish sentiment may continue. In contrast, Shandong Gold’s technical signal is 'neutral,' showing relatively stable movements. This shows that Zijin's strong upward attack occurs in an environment where the sector is differentiated, and its own technical indicators are beginning to show signs of overheating. Whether it can break through 38.32 yuan not only tests its own momentum but also requires caution regarding potential profit-taking pressure if there is no resonance among peers. In terms of comments, market sentiment clearly shows divergence. On one hand, some investors...
Judging from the comments, market sentiment shows clear divergence. On one hand, some investors remain hopeful about the future, believing they’ve finally seen light after enduring the pullback, with some even being quite aggressive. On the other hand, many voices express concerns that the stock price rises slowly but falls quickly, and worry that if further breakthroughs aren’t made, the stock may drop sharply again. This situation typically reflects that although the stock has shifted from weak to strong, it’s now facing resistance, with the market transitioning from uniform optimism to skepticism while still climbing.
The most common questions in the market revolve around several key areas: whether quarterly results will meet expectations, whether the price can stabilize above 38 yuan, whether buying near 38.5 yuan will lead to a quick rebound, and if a failed breakout could result in renewed weakness. These questions point to a single core issue: Zijin Mining’s technical structure has improved, but the stock price is approaching a major resistance level. Investors are no longer questioning whether there will be a rebound, but rather whether this rebound can evolve into a new upward trend.
Technically, 37.12 is the most important short-term threshold. As long as the stock price can stabilize above it, the overall bullish structure can be maintained. If it breaks through 38.32, there’s a short-term opportunity to test 39.05. However, if it fails to hold above 37.12, the uptrend may slow, and the stock could retest support near 36.73. Currently, the Relative Strength Index (RSI) is above 64, reflecting strong short-term momentum without extreme overheating, so conditions for further upside remain, but chasing at this stage offers less value compared to the early phase of the rebound.
Overall, Zijin Mining’s current risk-reward ratio is neutral. While the trend has indeed strengthened, the current price is close to the resistance level. The market needs to see not just rising sentiment, but whether the stock can truly break through 38.32 and stabilize above it. A successful breakout could lead to further gains in the short term; otherwise, the stock is more likely to consolidate or experience repeated fluctuations at higher levels. For existing investors, the key focus should be whether critical support levels hold. For those without positions, it’s not advisable to chase the stock purely based on sentiment near the resistance level.
Reply to some investors' views:
@栖鹿xiao雁 If the market continues to favor gold-related investments, Zijin Mining will naturally attract more capital attention.
@傑jj@傑jj Near resistance levels, price action tends to become volatile, leading to a sense of instability.
@nmslation The current trend is strengthening but has approached the resistance zone, making full positions subject to amplified short-term volatility pressures.
Based on the above analysis, the strategies for deployment can be divided into the following main approaches:
$HS#ZIJINRC2608B.C (56557.HK)$$SG#ZIJINRP2812H.P (56382.HK)$
$GJZIJIN@EC2606A.C (23013.HK)$$UBZIJIN@EP2703A.P (28118.HK)$
$ZIJIN MINING (02899.HK)$ The recent trend has been continuously improving, with the stock price rebounding from a low of 31.66 and gradually stabilizing. On the previous day (the 21st), it closed at 38.2, already above several short-term moving averages, indicating an obvious strengthening in the short-term structure. The closing price on that day was close to the short-term high of 38.32 and also near the upper Bollinger Band, reflecting that the upward trend is still continuing. However, this also means resistance above is starting to increase, and before further upward movement in the short term, the market will be particularly sensitive about whether the breakout can be confirmed. Looking at the precious metals and base metals mining sector, the market performance on the previous day (the 21st) was mixed, with Zijin Mining rising against the trend by 2.96%, standing out uniquely, while $SD GOLD (01787.HK)$ only slightly increased by 0.24%, $JIANGXI COPPER (00358.HK)$ fell by 0.77%. However, technical signals indicate risks: despite the rise, Zijin Mining's overall technical indicator signal remains 'neutral,' with an RSI of only 52, suggesting that the market is neither overheated nor diverging. The short-term trend is strong, and bullish sentiment may continue. In contrast, Shandong Gold’s technical signal is 'neutral,' showing relatively stable movements. This shows that Zijin's strong upward attack occurs in an environment where the sector is differentiated, and its own technical indicators are beginning to show signs of overheating. Whether it can break through 38.32 yuan not only tests its own momentum but also requires caution regarding potential profit-taking pressure if there is no resonance among peers. In terms of comments, market sentiment clearly shows divergence. On one hand, some investors...
$ZIJIN MINING (02899.HK)$ The recent trend has been continuously improving, with the stock price rebounding from a low of 31.66 and gradually stabilizing. On the previous day (the 21st), it closed at 38.2, already above several short-term moving averages, indicating an obvious strengthening in the short-term structure. The closing price on that day was close to the short-term high of 38.32 and also near the upper Bollinger Band, reflecting that the upward trend is still continuing. However, this also means resistance above is starting to increase, and before further upward movement in the short term, the market will be particularly sensitive about whether the breakout can be confirmed. Looking at the precious metals and base metals mining sector, the market performance on the previous day (the 21st) was mixed, with Zijin Mining rising against the trend by 2.96%, standing out uniquely, while $SD GOLD (01787.HK)$ only slightly increased by 0.24%, $JIANGXI COPPER (00358.HK)$ fell by 0.77%. However, technical signals indicate risks: despite the rise, Zijin Mining's overall technical indicator signal remains 'neutral,' with an RSI of only 52, suggesting that the market is neither overheated nor diverging. The short-term trend is strong, and bullish sentiment may continue. In contrast, Shandong Gold’s technical signal is 'neutral,' showing relatively stable movements. This shows that Zijin's strong upward attack occurs in an environment where the sector is differentiated, and its own technical indicators are beginning to show signs of overheating. Whether it can break through 38.32 yuan not only tests its own momentum but also requires caution regarding potential profit-taking pressure if there is no resonance among peers. In terms of comments, market sentiment clearly shows divergence. On one hand, some investors...
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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.
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