LeeStock

Malaysia Steel Works (MASTEEL) (KLSE: 5098)

MYX:MASTEEL   MALAYSIA STEEL WORKS (KL)BHD
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 0.345, and has an expectation TP of 3xPivot= RM 4.14 (Current Price RM0.345).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.