It should try the resistance of 2.83 by this week. Expect some profit taking today. Could b closing down few cents or could b go up immediately after the so called profit taking as it showed previous weeks ago. Don't sell first. Wait the trend of lme aluminum price to confirm whether is the 4th wave although we can see it from China price trend oredi.
Only 1 day of aluminum price hike can't confirm the 4th wave of aluminum. It should stay around 2.60 today. However, another catalyst could move it higher. Sarawak Government investment arm, Sarawak Energy has granted Pmetal a very competitive electricity tariff for 25 years. This make Pmetal the most competitive smelter in the world. Not even China smeltes can compete with. Can the Pmetal share price pay back the faith of Sarawak Government TIMELY? Let's us see n watch. Old timer say, ' no water how to sail'..
The hidden aluminum stock which always drag down lme price is getting lesser with cutting production in China n global demand increasing. That's why every lowest point of aluminum price is getting higher. When reach a point there's no hidden aluminum stock n demand at the top, will see significant increase in aluminum price at lme. That moment is very near, just prepare for it.
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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....
FLMF
131 posts
Posted by FLMF > 2016-03-28 11:43 | Report Abuse
Good Pmetal, banyak bonus =)