Masteel breakout from its downtrend line since yesterday. High probability of price moving higher. Btw the recent company share buyback was at much higher price... 1,031,000 shares at 0.95 - 0.985
STC1136 Don't be happy with current malaysia rebar price, if trade war escalate to overall with high tariff for more than 1000 items both US and China products, steel price will suffer big drop definitely.
China Rebar price can turn to below CNY3,000 easily, that time malaysia need to follow international market price, below RM2,400.
The impact is very big like a chain link from one to another.....
Beware!!! 06/04/2018 11:18
Buy call when masteel was RM1.40 Sell call when masteel was RM 0.70
Oil price is bullish. Commodity prices are likely to rebound with same same reason, that is, trade tension between the US and China has relieved. Steel prices are likely to rebound as well.
STC1136 Don't be happy with current malaysia rebar price, if trade war escalate to overall with high tariff for more than 1000 items both US and China products, steel price will suffer big drop definitely.
China Rebar price can turn to below CNY3,000 easily, that time malaysia need to follow international market price, below RM2,400.
The impact is very big like a chain link from one to another.....
Beware!!! 06/04/2018 11:18
Buy call when masteel was RM1.40 Sell call when masteel was RM 0.70
Haha..these contra punters would sell after they earn a few cents. When they lose. They lose 10 times of this amount. Plus deduction of trading fees. They must have made a lot of profits
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wingold
154 posts
Posted by wingold > 2018-04-10 09:43 | Report Abuse
false alarm for trade war, up