Highlights

The Huat Project

Author: Sipekhuat   |   Latest post: Tue, 9 Mar 2021, 1:14 AM

 

STEEL Industry - HOT ! !

Author:   |    Publish date:


STEEL Industry - HOT ! !

On Friday (22/1/2021) and next week onwards, STEEL will be the Hot topic of the Street/ Town/ Kampung ! and it will be Great !

Lets have a look on the News around the world resolving STEEL. All very Positive !

As december The Stars already forseen that STEEL STOCKs will MELETUP. https://www.thestar.com.my/business/business-news/2020/12/29/steel-stocks-roar-again 

Policy Revision of Steel Anti Dumping a HUAT news for Steel Players https://www.klsescreener.com/v2/news/view/779627 

The largest growing market in the World, China, has been Black-Hole-ing all Steels. Their IMPORT of iron ore are up 6.5% https://www.hellenicshippingnews.com/chinas-iron-ore-imports-up-6-5-during-2020/

 

DEMAND - SUPPLY ANALYSIS

How will this affect steel prices ?

As you can see from the Chart from STEELBENCHMAKER, Steel Price Meletup Like Rocket with Hydro-Boost starting from December onwards. 

As demand increases, supply deminises, Steel Prices are Set to Rocket Up ! which will ultimately contribute to the BOTTOM LINE of the Steel Industry Players, to name a few;

1. LIONIND (4235)

2. MELEWAR (3778)

3. ANNJOO (6556)

 

Technical Analysis:

1. LIONIND (4235)

LIONIND (4235) broke out of resistance of RM0.690 and shall test next immediate Resistance of RM0.770. Above this, a new sky high will be discovered ! 

 

2. MELEWAR (3778)

MELEWAR (3778) triangle formation break out from RM0.480 and shall retest previous high of RM0.62. Above will then be a new high!

3. ANNJOO (6556)

ANNJOO (6556) pending Breakout from Price of RM1.55 by forming N-Shaped Breakout with higher low and convincing volume.

 

Conclusion:

With the positive demand of iron & steel, we opine that the steel counters should see greater days ahead. Very Positive. Which Candidate of Steel Industry Players will ascend to Rule the Iron Throne?

1. LIONIND (4235)

2. MELEWAR (3778)

3. ANNJOO (6556)

4. MYCRON (5087)

5. MASTEEL (5098)

 

What will you do ?

DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recomendation. Investors must always do their own due deligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual. 

 

 

 

 

Share this

Related Stocks

Chart Stock Name Last Change Volume 
LIONIND 0.79 +0.015 (1.94%) 3,809,600 
MELEWAR 0.505 +0.01 (2.02%) 1,675,000 
ANNJOO 2.09 +0.03 (1.46%) 1,623,500 

APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

423  387  626  1062 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SEALINK 0.245-0.04 
 JADI 0.15+0.025 
 AAX 0.10+0.005 
 AIRASIA 1.01+0.05 
 KTG 0.23+0.005 
 KOMARK 0.335+0.005 
 VELESTO 0.185-0.005 
 PRG 0.27+0.015 
 AT 0.12+0.01 
 DNEX-WD 0.330.00 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS