Company Encyclopedia
View More
name
Nonferrous Metals
CP20070.HK
News
View More

Morning Trend | LINGBAO GOLD tests the low again, is there an opportunity for a rebound from overselling?

Lingbao Gold repeatedly tested the low point of HKD 1.16 during yesterday's trading session, overall affected by the short-term adjustment of international gold prices, with continuous capital withdrawal from the sector. The market's risk aversion heat has receded, and the trading enthusiasm for gold concepts is significantly insufficient. Recently, gold prices have fluctuated violently, but risk-averse capital has also chosen to wait and see. There have been no new positive announcements from the company, and there is a lack of positive catalytic response from related industry sectors, resulting in a slightly stagnant overall trading range. Trading volume has remained low, with mainstream capital generally tightening positions. From a technical perspective, the MACD death cross and the standard bearish arrangement of moving averages continue to exert pressure, and the typical downward pattern has not been broken. The RSI indicator has been long-term oversold; although there is theoretical room for rebound, repeated attempts have been blocked and lack capital support. Occasional attempts at oversold rebounds have occurred, but the volume has not seen effective expansion, limiting short-term gains. From a short-term perspective, the market is primarily adopting defensive strategies. If international gold prices stabilize or significant macro events occur, there may be a possibility of instantaneous recovery, but the overall trend remains conservative and oscillatory. Investors should be cautious of the optimistic illusion brought about by low-level inducements during the trading session, pay attention to trend reversals and position safety, and guard against potential risks of new lows

Technical Forecast·
HK
03330
-3.41%
Technical Forecast·
HK
03330
-3.41%

Morning Trend | ZHAOJIN MINING funds retreat again, is a rebound window approaching?

Yesterday, ZHAOJIN MINING closed at HKD 11.20, with large orders flowing out again during the session, and a clear withdrawal of funds from the gold sector overall. Defensive sentiment dominated the market, with international gold prices undergoing a phase of adjustment, dragging down the weight of precious metal stocks. The market atmosphere is cautious; although there are voices of 'speculative rebounds' in certain areas, the trend of mainstream funds exiting has not changed. Overseas gold prices are highly volatile, and short-term bearish sentiment is rising. The company currently has no new performance highlights, and the latest announcements and business progress have failed to boost market sentiment. The safe-haven attribute of gold has also not gained mainstream capital preference in the current global macro environment. The enthusiasm of industry speculators is low, and the imagination within the sector is limited. From a technical perspective, the MACD has formed a death cross, and the moving averages are in a bearish arrangement, greatly suppressing rebound momentum. In the short term, the J value and RSI have been continuously oversold, and the technical bottom is gradually accumulating rebound momentum. However, if trading volume remains low, the rebound space will also be very limited. After multiple tests of the key support at HKD 11.20, selling pressure has not eased, and the main tone remains one of repeated fluctuations and consolidation. Current fluctuations in overseas gold prices and local announcements need to be closely monitored; if there is a slight rebound during the session without accompanying trading volume, beware of the risk of false bullish signals. The strategy suggests closely monitoring changes in volume and structure; if a weak rebound is blocked, there is a risk of re-testing the lower boundary of the range, with dynamic management of positions and risks as the main focus

Technical Forecast·
HK
01818
-1.36%
Technical Forecast·
HK
01818
-1.36%

JPM's Short Position In H Shares Of Ganfeng Lithium Increases To 5.34% On Nov 13 - HKEX

HKEX:JPMORGAN CHASE & CO'S SHORT POSITION IN H SHARES OF GANFENG LITHIUM : INCREASES TO 5.34% ON NOV 13 FROM 4.32%

Reuters·
US
JPM
+1.29%
HK
01772
+0.93%
SZ
002460
+1.60%
Reuters·
US
JPM
+1.29%
HK
01772
+0.93%
SZ
002460
+1.60%

The Hang Seng Index closed down 0.38%, and the Hang Seng Tech Index fell 0.69%

36Kr learned that the Hang Seng Index closed down 0.38%, and the Hang Seng Tech Index fell 0.69%; the media, semiconductor, and software services sectors led the decline, with CONTEL down over 5%, Xiaomi Group down over 4%, and Weibo down over 2%; the precious metals, insurance, and automotive sectors strengthened, with SD GOLD up over 7%, China Life up over 2%, and Seres up over 1%; southbound funds had a net purchase of HKD 6.591 billion

36Kr·
HK
01912
0.00%
US
WB
-1.71%
HK
09898
-0.38%
36Kr·
HK
01912
0.00%
US
WB
-1.71%
HK
09898
-0.38%

China Nonferrous Metals Industry Association: In October, the value added of the large-scale nonferrous metal industry increased by 4.0% year-on-year in real terms

The China Nonferrous Metals Industry Association report states that in October, the added value of the nonferrous metals industry above designated size increased by 4.0% year-on-year. From January to October, the added value increased by 7.4% year-on-year, which is 0.4 percentage points lower than the first three quarters, but 1.3 percentage points higher than the increase in added value of industrial enterprises above designated size. Overall production maintained reasonable growth, and fixed asset investment remained stable

Wallstreetcn·
SH
000819
+0.77%
HK
20070
-0.15%
Wallstreetcn·
SH
000819
+0.77%
HK
20070
-0.15%
Posts
View More

$Gold(20082.HK)fastre