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Monday, 11 July 2016

Resources Prima: 11 July 2016, Monday, 2.41pm Singapore Time

Resources Prima: 11 July 2016, Monday, 2.41pm Singapore Time

Attached above is the technicals for Resources Prima, a commodity company with its stock listed in Singapore. 

Target: at least +100% profits (multi-bagger)

A rising tide lifts almost all boats in stocks and equities.
Expected to rally for the rest of 2016 and 2017.

DNA Technical Rating of Stock markets and Financial Markets Worldwide:
Bullish on especially commodity stocks
All markets worldwide to rally. Resumption of big bull market.


6 comments:

  1. Thank you Donovan. Trade is going well. Trading halt today, so will be interested to see what it is all about...

    ReplyDelete
  2. Hi Donovan, just to check if the Bull trend is still intact? Bought at 0.057. Should I hold or cut loss for now?

    ReplyDelete
    Replies
    1. Everything will rally strongly especially in 2017.

      Delete
  3. The company is again in a company requested trading halt. I do wonder if they need funding for expansion, which may bring a dilutionary capital raising.

    The companies that I would really like Donovan's input on are BHP, S32 and RIO. The basic material miners have seen an excellent run, but are now pulling back. Is this a renewed buying opportunity or do BHP have further near term leg up potential?

    Really appreciate this site and the effort of Donovan to share his insights and wisdom!

    ReplyDelete
    Replies
    1. Just need to know a rising tide in 2H-2016 and 2017 will lift almost all boats.
      Banks, Tech and Commodity stocks in particular. Throw 10 stones at the bull, 8 or 9 will hit the bull.

      Delete