China's CRC pricing has been dropping, what's the price difference between local and China's selling price? Will importing from China be cheaper even with curbtax? Anyone care to provide more insight?
to be on the cautious side...i would refrain from entering midstream steel processors currently...unlike the downstream players. May be safer to enter after results before next quarter..
however knowing that Mycron has steel tube segment...it could definitely give a surprise.
Mycron Steel (MYCRON) may resume its uptrend after retesting is downtrend line in its latest session. With the RSI level still at the neutral level, a bullish bias may kick in above this point with a target price of RM0.95. Nonetheless, it may trade sideways if it cannot breach the RM0.84 point in the near term. In this case, support is anticipated at RM0.80, whereby traders may exit on a breach to avoid the risk of a further correction. Trading Call: Buy on uptrend continuation above RM0.84 Target: RM0.95 (time frame: 3-6 weeks) Exit: RM0.80
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
moregain
138 posts
Posted by moregain > 2017-04-13 15:54 | Report Abuse
Suddenly meletup.