If you examine the type of stocks to buy from the perspective of marketing, then it becomes much more interesting. This Covid-19 has been a game changer for many industries but the few that sticks to consumers, good times or bad times, recession or not, they were always be there. The vices industry like alcohol, tobacco are going to be there no matter how much...
- Leading macro indicators in expansion - Cyclical sector stocks breaking out to all time highs - Technicals confirm uptrend - Long cyclicals and tech?
Can you image it? Wave 3 we see 10000+, and wave 5 we see 17000+ .
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It is an obvious wave 2 now, wave 3 would be > 6000
Bit hard to know quite what to think of these kinds of stocks. Up 300% in the last 30 days there are quite a few auto part type companies with similar charts. Might be all the Chinese buying cars internally who knows? Anyway - fingers crossed - will see how it goes. Worth a look at any rate :)
Up 200% since mid June, Inner Mongolia Junzheng Energy & Chemical Group engages in the manufacture of chemical raw materials and products. RSI looks a bit high so could be over priced, but I figure if China is trying to stimulate their economy through building works, then companies like these could be worth a look. Its business activities include cement...