Sunday, 10 September 2017
BRC Asia (metal stocks): 10 September 2017, Sunday, 10.37pm Singapore Time
BRC Asia (metal stocks):
10 September 2017, Sunday, 10.37pm Singapore Time
Attached is the technicals for BRC Asia, a stock that is listed in the Singapore SGX. BRC Asia is an established pioneer in prefabricated steel reinforcement. It is related to the steel and metals industry, in line with my late 2016 and early 2017 forewarnings to load up buys on metal and steel related stocks as metals and steels had been forecasted with all reasons explained back then to rally (refer to all track records on analysis site). There is a late surge in volume recently and this late buy is an indication of sustained confidence in metals and steel related industry worldwide. This is a transfer of hands, from strong hands to strong hands, for next round of upmoves. Bullish.
A rising tide in worldwide stock and equity markets will continue in 2017 and 2018.