from cimb: Recognia has detected a "Flag (Bullish)" chart pattern formed on Southern Steel Bhd (5665:MYX). This bullish signal indicates that the stock price may rise from the close of 1.72 to the range of 2.11 - 2.21. The pattern formed over 13 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Flag pattern occurs during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction. The pattern consists of two parallel trend lines, often sloping downward against the prevailing uptrend, and is confirmed when the price breaks through the upper boundary to resume the rise.
ays venture make 10 million profit. very good on this counter selling steel product, S.Steel will have good result soon. Steel industry have a very bright outlook.
cement business losing money but steel business making money. Time has change. Steel is now with good feng shui. Very good out look for the next 2-3 years. SSteel can hit 2.00 soon
may be leoting will come here to answer it. I think leoting also invest for ssteel. Thanks OOMMGG for your explanation. WE ALL HUAT TOGETHER ARR. Hahaha...
In April it was traded 120 In May it weaken to 160 , now is trading 170 . I think it has gained 50c in a month , not bad considering the magnetic forces attached to steel when China has stop dumping n the many mega projects disclosed by the government . But remember , all r in the drawing n planning stage n nothing is confirmed. If there is a change in administration most of the projects will be reviewed n these can pose a serious impact on the steel related stocks , Better to prepare umbrella before it is raining.
not so eager to buy anyway, I just wait and see only.i won't chase stocks that already up a lot.i can wait no matter how many years,if no down until my TP price I won't buy,i can search others anyway....haha
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....
cl1122
169 posts
Posted by cl1122 > 2017-05-22 18:07 | Report Abuse
patience is the key...i prefer slowly up