I personally bought lbalum. Support 0.6. My target based on fibonacci long term rm1.2 . This company NTA rm1.1. Previous resistance 0.70, 0.77,0.9. Pls study and do your own homework before enter. Remember, is your money. Build plan and follow.
Can Aluminium Manufacturing keep the momentum of good fortune?
Recent steel price is slowly growing, is aluminium price possible follow the trend?
(Photo 1): Comparing LME monthly chart of alloy price, candlestick slowly approach MA20, if can break this MA20, uptrend could continue. Comparing 3 months average LME aluminium price, there is slight increase of 2% .
(Photo 2): News capture from The busy weekly. It mentions: <<If aluminium price can keep at high level & demand increase, aluminium manufacturing industries can achieve better profit result in 2017>>. Compare 3 major aluminium manufacturing, LBALUM, PMETAL, ARANK, PMETAL PE already reach 28, LBALUM & ARANK still relatively low.
(Photo 3): What is the fair price for LBALUM & ARANK?Compare 10years average PE, PMETAL current PE is +65% of its 10years average PE. Using the same method to calculate fair PE for LBALUM and ARANK, it should be 0.99 & 1.36.
Dun talk rubbish..everyone know the aluminium price is higher..please see pmetal and alcom perfomance..next mth quarterly result sure better than last qtr
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....
amason
226 posts
Posted by amason > 2016-07-18 14:41 | Report Abuse
nice chart for LB - can go higher