國際金價持續震盪，山東黃金股價跟隨市場波動，股价升5.74%,股价报34.64元。從技術走勢觀察，股價目前處於關鍵技術位置，短期支持位在31.4元，若調 整加深可能下探29.8元。上方阻力方面，37.1元構成首道關卡，突破後下一目標將看向40.6元。 移動平均線呈現複雜格局，10日線32.6元與60日線33.86元形成下方支撐，但30日線36.03元仍構成壓力。這種均線排列顯示股價正處於方向選擇的關鍵階 段，近5日11.4%的振幅更反映市場情緒的波動。 對於持續看好山東黃金後市走勢的投資者，可關注以下兩隻認購證產品。中信證券認購證（20124）行使價設定在42.08元，較現價存在約21%的價外幅度， 到期日為明年3月，這隻產品適合預期股價在中期內能突破42元關口的投資者。另一選擇中銀認購證（20315）行使價為45.8元，價外幅度約32%，同樣於明 年3月到期，這隻產品適合風險承受能力較高、預期股價能有較大突破的投資者。這兩隻產品均具有明確的時間價值和槓桿特性，投資者需仔細評估自身風 險承受能力與市場預期是否匹配。 山東黃金 34.640 +1.880 +5.74% 父勿甲 II/IU 15.24.30 0. ...

Core Viewpoint - Shandong Gold (01787) is experiencing significant volatility due to fluctuations in international gold prices, with current technical indicators suggesting a strong medium-term trend but potential short-term pullback risks [1]. Technical Analysis - The stock price of Shandong Gold is currently at 38.36 HKD, having broken above the 10-day moving average, significantly higher than the 30-day moving average of 30.99 HKD and the 60-day moving average of 28.93 HKD, indicating a bullish medium-term trend [1]. - The Relative Strength Index (RSI) has reached 77, and other indicators such as the Williams and Stochastic indicators show overbought conditions, suggesting a possible price correction [1]. - Despite the overbought signals, the Bull-Bear Power indicator and MACD still maintain buy signals, indicating a fierce battle between bulls and bears [1]. Support and Resistance Levels - Key resistance levels are identified at 40.6 HKD and 43.1 HKD, while support levels are at 33.4 HKD and 30.6 HKD, with an initial support level at 34.4 HKD [1]. - If the stock price falls below 34.4 HKD, it may test the 30.6 HKD level [1]. - The stock has shown a 14% volatility over five days, indicating active market participation but also increased risk [1]. Market Performance - Recent performance in the warrant market shows that a call warrant recommended on September 17 achieved an 11% return within two days, driven by a 3.18% increase in the underlying stock [3]. - Investors continue to show interest in gold's hedging properties amid market volatility [3]. Warrant Products - Investors are advised to consider specific warrant products: - Call warrant (20782) with a leverage of 1.8 times and an exercise price of 45.678 HKD, which has favorable leverage and implied volatility [5]. - Bank of China call warrant (20315) offers 3.6 times leverage with an exercise price of 45.8 HKD, suitable for conservative investors due to its low implied volatility [5]. - Given the high volatility of gold stocks, strict position control and clear stop-loss points are recommended for investors [5].