all I can say is weeeeeeeeeeeeeeeeeeeeeee. congrats to those on a ride. steel is the real deal.

78.5 already. 80sen in view

I cannot stress enough how important a follow through volume is after yesterday

Already reached 33sem this morning. Not bad, needs volume though

Not really record price. Highest was 2800 in December 2016. Still it is quite high and well on the way. So the run up might be prolonged and supported by the metal come price

Translation

- Malaysian Prime Minister suggests the construction of Kunming - Singapore railway which passes Vietnam, Cambodia, Laos, Thailand and Malaysia to promote economic growth in Malaysia
- Malaysian PM spoke about this in an interview with news website from Taiwan
- The PM also said that he will visit Alibaba in Hangzhou, meeting Jack Ma

https://www.channel8news.sg/news8/world/20180729-wld-mahathir/4089268.html

This morning will confirm if lion is up due to the so called hsr talks with Singapore which apparently has been debunked. Let us all see...

That article was written in May, before the current boom, and before the full force of China blue sky policy is been felt. Rather than weakening, it is obvious that the price is gaining instead. We of course don't know when this ride will be over, but until then we should intend to take advantage of this development.

So Dow Jones closed closed 126pts up up. Things are even more alligned now. Up to the operators what to do now...

I'm sorry but this huaan setup is just too beautiful. now hoping for it not to bite me in the proverbial behind. Anyway breaking that 35 sen barrier also represent breaking the mid term downtrend that starts in January this year.. Everything seems like in place for a push.

First target to breach 35 (gap), second 38.5(recent peak), the typical round figure of 40 sen next and then the double top at ~47. These are reasonable levels to watch out for. Of course immediate support is at 30sen.

Anyway, first target is to fill that annoying gap at 35 sen. Close above that this week and we get ourself a winner. Failing which probably will see the share ding dong 25-30 sen again :(

so closed at 90.5 sen. rejoice. all I can pray for now is for a follow through with volume tomorrow. today is satisfactory, but tomorrow is important. i want a green candle!

one problem with it is there will be a lot of headwind. you see, there are so many people stuck at 40sen+, expect a lot of pullback every now and then. Opportunity for a few rounds. So for technical traders, its time to chart your entry and exit properly

I'm not sure about you guys, but I earmark this as trading buy not investing. I will not be afraid to lock in profit and cabuuuuut should it go south. hahaha

i was fighting with khatulistiwa then, 69.5. but I guess when it comes to make money, just shake, forgive and forget. make money together!

yeap kolos 32 sen, huat ah!

when is the report coming out though? qtr ended 30/6 more than a month already

yeah, this panda guy is even more bullish than me lol

I'm not sure about asking others to join in now though, have been bullish on steel for around 2 weeks now

if we see the last time metal coke trading around this level was in January... how much was Huaan then? exactly 60sen +.

okeh! 90sen breached! good stuff

regret a bit didnnt add up some more, but my risk profile say the current price is my comfortable entry, so no more la. earn dinner for this week can already

look 31.5 kena telan again, if can kolos 32 then can rejoice. esok small gap up some more perhaps

https://www.investing.com/commodities/metallurgical-coke-futures-streaming-chart sorry for misinformation, not all time high, but approaching that

Those masuk 70sen or lower smile liao

i have itchy hands so i'm logging off for the day, gotta save some bullets for later hahaha see you guys tomorrow

Hold 2 positions in this counter and lionind. Unfortunately masteel does not seems to show willingness to move. Just going to see how it reacts next week where I'll unload on news.

Playing a game of patience also can win. Probably wait until friday to collect

very easy to play this counter. buy ~75, sell ~80. profit almost guaranteed

of course it's not, the earliest I'll be shedding these shares would be next week. As a matter of fact, any weakness this weak, I will sapu. as long as its not too badla haha

such a beauty, if strength maintain throughout the week, then next week will really really fly oh

hopefully more action come monday. so boring today. no strength

Damn boys. We have 2 serious case of lalang right in front of our eyes. On one hand we have highprofit, just a few days ago super bullish on steel turned super bearish due to a single news which might not necessarily affect steel sector, as the import has already been taxed 25% prior to the announcement! He turned limit up to limit down overnight!

On another hand, we have khatulistiwa who is displaying multiple personality disorder. This board he seems like the king of all bulls for the steel sector. Championing steel, making guarantees etc. However on another board he is the bearish king! The you mampusla, sure limitdown, die die die attitude is very apparent on another steel counter....

Adoi la you guys. We are here to make money not to fight over how long your epenor is. Share news, knowledge and market reading. Not your baseless prophecies!

So DJ ended flat. That's not bad considering the -200 opening. Potential to earn a little bit today

just chill la. I've taken a calculated risk with a capital that I can afford to lose. How bad is bad, we'll know when market starts tomorrow.

welp. the DJ futures looks bleak! possible -200 on opening.

rilek khatulistiwa. I entered on my accord, I have my definition of how much loss I can take, and I also know when to pull out while ahead. Thanks for the warning though.

Oh well, it's going to close at 70sen today. Not a bad start.

For me it's simple. I put money where my mouth is. Since I'm bullish with steel, I'll masuk only. T his is the third round already in and out.... If I'm burnt along the way, I will only have myself to blame hahaha

AVG down if go lower. To a certain point of course.

I masuk 69.5. it's a trading buy, almost always a trading buy for me. So dagnarus Vs khatulistiwa is onnnnnnn

Ok. Call me crazy. But I'm buying in at this level.

Trump asking to increase tariff from 10 to 25%

We tok kok sing song here also no news as most are bilis level only. Not market maker. Those buggers are surpressing the price very nicely as the moment they let lose, it will be way too hard to get on board

Only thing pisses me off is the low volume. Tabuley ini machiem

masteel headwind circa 75 sen, must kuat kuat break and stay above. Possible after a bit of extended accumulation + catalyst. For eg. if the gov declare recontinuation of ECRL, MRT3, HSR. Any of this will bring it above said level. If one is to enter, I would suggest 68-70sen level. Can or not is another question though..

very narrow trading these past few days, with low volume as well. Needs a catalyst to breakaway from being sideways. Exist opportunity for short trade, or if you are bullish on steel, then hop on early and forget

wow. The silence among steel stocks is deafening!