Monday, 11 September 2017
HG Metal: 11 September 2017, Monday, 12.37am Singapore Time
11 September 2017, Monday, 12.37am Singapore Time
Attached is the technicals for HG Metal, a stock that is listed in the Singapore SGX. It is related to the steel and metals industry, in line with my late 2016 and early 2017 fore-warnings 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 surge in volume recently causing a powerful breakup of key resistances at 0.44. As China and US will continue to fight for steel and metals (Trump's infrastructure development and China's OBOR) and with commodities bottoming, steel and metals will all continue to rally. Add to that the smart corporate action with BRC Asia, I expect this stock to sky-rocket.
A rising tide in worldwide stock and equity markets will continue in 2017 and 2018.