PMETAL trade ideas
<TradeVSA> Decreasing Supply at Southern SteelStrength in the chart:
1. Accumulation
2. Breakout and close the gap down
3. Low volume narrow spread bar
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Metal Stocks Year 2018 Turning BearishYear 2017 had been great for the metal. But what goes up will go down as well. Downwards movement can be as significant as falling into a long term downtrend stock that is not worth the holding. Or else it could be a correction on the prices to its mean before staging for another wave of uptrend rally.
Kicking into Year 2018, these stocks are rather at a current stage to test for their progressive rebound. Shall this progressive rebound succeeded, next will be a break out rally movement
PMETAL: What's Up?Based on the above, I believe that it is a good time to take some profit on PMETAL as well as other aluminium stocks (especially ALCOM). Good luck!
PMETAL - Calm in The Rough SeaLaburlah Technical Coverage (24-APR, Tuesday):
PMETAL
Technical Analysis Breakdown
1. Trend: V-shape reversal/ bullish
2. RSI: Sideline
3. Stochastic: Retracing
4. Resistance: 5.47/ there's a gap to fill up
5. Support: 4.91
Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
PMETAL - Falling Out From Crucial SupportLaburlah's Daily Complimentary (06-MAR, Tuesday):
PMETAL
Technical Analysis Breakdown
1. Trend: Bullish trend violated
2. RSI: Bearish
3. Stochastic: Bearish
4. Next support: Fibo 23.6% or 4.56
5. Risk: Growing selling pressure
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Disclaimer: The abovementioned is purely for sharing purpose, you should seek advice from relevant personnel and do your own analysis before making your move.
