Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098): 7 December 2020, Friday

  

Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098): 
7 December 2020, Friday

(Click on Technical Chart above to Expand)

Attached is the Super-Cycle Technical Analysis of Malaysia Steel Works (MASTEEL) (KLSE: 5098).

First Super-cycle (SC) Destination in accordance to technicals theory = 2x SC Pivot = $2.76

Second Super-cycle (SC) Destination in accordance to technicals theory = 2^2 x SC Pivot = $5.52

The Donovan Norfolk Technical Rating:
Bullish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence. 

Malaysia Steel Works (MASTEEL) (KLSE: 5098): 20 November 2018, Tuesday, 2.20pm Singapore Time

Malaysia Steel Works (MASTEEL) (KLSE: 5098): 

20 November 2018, Tuesday, 2.20pm Singapore Time

(Click on Technical Chart above to Enlarge)

I am officially adding significant positions in Malaysia Steel Works (MASTEEL) now after 1st initial torpedo in early 2018. The black structure is the 10-Year SuperCycle Bullish Wedge that will result in Super-Cycle Bull of a Lifetime. As reiterated that 2008-2018 is 1st half of secular bull, with 2018-2028 making up 2nd half of the secular bull, the green circled region is the SuperCycle breakout. The brown circled region is the SuperCycle's treacherous backtest of a lifetime to confirm for SuperCycle's Bull of a Lifetime. Refer to detailed calculations on Chart. MASTEEL can be expected to hit a minimum TP of 2.7600 from current price of 0.4800, and has an expectation TP of 3xPivot= RM 4.14 (Current Price RM0.48).

【Do not follow the herd shouting for bear or drawing bearish charts cluelessly】

Donovan Norfolk Ang

Commodities' Cyclical Upturn To Come: Which are the Malaysia's top 8 finest breed which will keep going up in 2018 with minimal risk and maximal upside? 8 January 2018, Monday, 1.58am Singapore Time

Commodities' Cyclical Upturn To Come: 

Which are the top 8 Malaysia's finest breed which will keep going up in 2018 with minimal risk and maximal upside?

8 January 2018, Monday, 1.58am Singapore Time

(Click on Technical Relativity Chart above to Enlarge)

Attached above is the Technicals of the Past Half-Year Trending Relativity of the commodity stocks in Malaysia. The FTSE ST Basic Materials Index is used for the bench-marking process and has been flattened to neutrality for the benchmarking. The litmus result yields the finest breed horse from among the soon to come cyclical upturn of commodity sector worldwide. In essence, we are obtaining the strongest horse and the strong horses that have at least 90% winning edge.

In the short-mid term going into 2018, Sino Hua-An and Heng Yuan came in as the cream of the crop. Hibiscus, Press Metal Aluminium Holdings, Malaysia Steel Works and Guan Chong Bhd make up the next layer of cream for the upcoming commodities cyclic boom. This is then followed by Southern Steel and Ann Joo Resources. The edge for these top 8 commodity stocks usually lasts long. They are generally performing far superior compared to the industry. The trend is likely to carry on in 2018 and 2019.

As these are the horses with the strongest legs and sufficiently high liquidity, all supports will be successfully absorbed by buy queues. They will have limited downside and maximal upside because the worldwide commodity sector's winter is to come to an end in 2018. 

The Donovan Norfolk Technical Rating:

Bullish

Worldwide Commodity Sector's Cyclical Winter is to come to an official end now

Important Reference:
https://donovan-ang.blogspot.sg/2018/01/reuters-jefferies-crb-index-commodities.html

Previous Related Analyses:
https://donovan-ang.blogspot.sg/search/label/Hibiscus%20Petroleum
https://donovan-ang.blogspot.sg/search/label/SPDR%20S%26P%20Metals%20and%20Mining
https://donovan-ang.blogspot.sg/search/label/Steel
https://donovan-ang.blogspot.sg/search/label/Commodities
https://donovan-ang.blogspot.sg/search/label/Light%20Crude%20Oil

Donovan Norfolk Ang

The fierce fight for steel between USA and China from 2017 onwards: 10 November 2016

Steel commodity, steel companies and steel stocks all over the world will rally very fiercely in 4Q-2016 and 2017

Whatever that is related to steel will all glitter from 4Q-2016 onwards. The price of steel and infrastructure-commodities will shoot up tremendously because the big economies are turning to infrastructure development at the same time. Steel commodity, steel companies and steel stocks all over the world will rally from the bottom now. Donald Trump will lift the price lid on steel. 

It will be a fight for steel now between China and US. China wants to develop Asia's railway network, and US is there to fight for the steel and jack up the prices. US wants to develop infrastructure for the long term now. China's Silk Road railway network may have to be done with much difficulty. 

If you want to make good money, but have no idea how to, below are some trade ideas. Stay vested for at least 1 year, rewards will be good:

Dow Jones US Steel Index 

as litmus indicator of Worldwide Steel Prices
Uptrend with 200MA and 50 MA both acting as major supports;
all buying are high volume real buys

USX-US Steel Group Inc (NYSE: X)

Large US Steel Corporation

Uptrend with 200MA and 50 MA both acting as major supports

Pohang Iron and Steel, POSCO (NYSE: PKX)

Large Korean Iron and Steel Corporation
Uptrend with 200MA and 50 MA both acting as major supports

Tata Steel (NSE: TATASTEEL.IN)

Large India Steel Corporation
Uptrend with 200MA and 50 MA both acting as major supports

VanEck Vectors Steel ETF (NYSE: SLX)

Steel ETF: Investing in Steel directly
Uptrend with 200MA and 50 MA both acting as major supports

Gibraltar Steel Corp (NASDAQ: ROCK)

Investing in other steel companies besides the giants
Uptrend with 200MA and 50 MA both acting as major supports

CosmoSteel listed in Singapore SGX
(SGX: B9F, CosmoSteel)
Bottoming with low volume market re-accumulation

Angang Steel Co. (HKSE: 00347)
a large China steel corporation that is listed both in Hong Kong and China
Bullish Rounding Bottom

Malaysia Steel Works KL Bhd (KLSE: 5098)
a steel company listed in Malaysia KLSE
Bullish cup and handle accompanied with real solid volume of buy-ups; a show of intention.

PMETAL (KLSE: 8869)
a metals company listed in Malaysia KLSE
Bullish cup and handle accompanied with confirmation of change of trend to large uptrend

SOUTHERN STEEL (SSTEEL) (KLSE: 5665)
a steel company listed in Malaysia KLSE
Green circled region: change of trend to large uptrend.
Light green circled region: double confirmation of huge uptrend to come.

TKC Steel Corp (PSE: T)
a steel company listed in Philippines PSE
Breakup with high volume and buy-up with high volume at major resistance-turned-supports;
a show of intention.

Triangulation achieved.

Donovan Norfolk Technical Ratings:
BUY PLENTY OF STEEL AND METAL STOCKS TO GET RICH
HIGHLY BULLISH ON RAW MATERIALS SUCH AS STEEL AND METALS

Donovan Norfolk Ang