Zijin Mining(HK:02899) Ge Long Hui·2026-01-15 12:42Core Viewpoint - Zijin Mining (02899) is experiencing strong market momentum, with its stock price recently reaching 40.22 HKD, marking a 2.39% increase in a single day, driven by the company's market capitalization exceeding 1 trillion RMB for both A-shares and H-shares by the end of 2025, indicating market recognition of its growth strategy involving gold, copper, and lithium [1] Technical Analysis - The stock price is currently positioned above all key moving averages, with the 10-day, 30-day, and 60-day moving averages at 37.57 HKD, 34.86 HKD, and 33.36 HKD respectively, forming a bullish pattern [2] - The overall technical rating from Investing.com is "strong buy," with momentum indicators like MACD and CCI signaling positive trends; however, the RSI is at 73, indicating overbought conditions, suggesting potential short-term volatility [2] - Key resistance is identified at 41.5 HKD, with a potential next target of 44.9 HKD if this level is breached; support levels are at 37.3 HKD and a stronger support at 35.2 HKD [3] Market Sentiment and Growth Drivers - Market optimism for Zijin Mining is intertwined with global macroeconomic trends and the company's individual growth potential, particularly as central banks increase gold reserves amid geopolitical tensions, driving long-term gold price increases [5][6] - The company anticipates a significant profit increase of approximately 59% to 62% for the fiscal year 2025, projecting net profits between 51 billion to 52 billion RMB, indicating strong growth momentum [8] Derivative Instruments and Strategies - In a rising stock trend, derivative instruments have shown enhanced capital efficiency, with notable performance from UBS and HSBC bull certificates, which increased by 42% and 39% respectively [9] - Investors are advised to consider derivative products closely tied to key support and resistance levels, with options for bullish certificates near resistance and protective bull certificates below strong support [11][12] - For those anticipating a price correction, high-leverage bear certificates are available, but they carry significant risk due to their proximity to current stock prices [13]