Core Viewpoint - International gold prices continue to fluctuate, impacting the stock price of Shandong Gold, which rose by 5.74% to 34.64 yuan. The stock is at a critical technical position, with short-term support at 31.4 yuan and potential deeper adjustments down to 29.8 yuan. Resistance is seen at 37.1 yuan, with the next target at 40.6 yuan if broken [1]. Technical Analysis - The moving averages present a complex pattern, with the 10-day moving average at 32.6 yuan and the 60-day at 33.86 yuan providing support, while the 30-day moving average at 36.03 yuan remains a pressure point. This arrangement indicates that the stock price is at a crucial stage for directional choice, with a recent 5-day volatility of 11.4% reflecting market sentiment fluctuations [1]. - The stock price of Shandong Gold is currently at 34.640, up by 1.880, representing a 5.74% increase, with a trading volume of 440 million shares [7]. Investment Products - For investors optimistic about Shandong Gold's future performance, two call warrant products are available. The CITIC Securities call warrant (20124) has a strike price of 42.08 yuan, approximately 21% out of the money, expiring in March next year. This product is suitable for those expecting the stock price to break through the 42 yuan mark in the medium term. Another option is the Bank of China call warrant (20315) with a strike price of 45.8 yuan, about 32% out of the money, also expiring in March next year, suitable for investors with a higher risk tolerance expecting significant price breakthroughs [3].

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].