Copper is among one of the key ingredients in building batteries, and with the current boom in solar and ev batteries, and copper price has been rising, I believe SCCO is poised to go higher, much higher.
Copper, Lithium, Nickel are 3 key components in batteries. Tin is also used for soldering the joints
2.2B cash and P/E 20+
not a bad one to get into
With the housing boom going currently in the US, you would expect housing supplies and construction to do well.
Quanex is showing good momentum, and sitting on 21.66 which is the long term support line for many many years (just scroll back chart), it bounced up nicely on 21.66 recently and now seems to be consolidating under $25.
It should explode from here...
b2Gold will be announcing earnings on Feb 23 (Gann seasonal date) and prices has been sitting on support level $5.
Current Gold price 1800 is a profitable level for all gold miners and b2Gold operates in low cost regions like Africa etc.
sitting on good cash level +500m and p/e 8.
Good to collect now ...
2021 - INFLATION YEAR
Palm Oil has just done with it's retracement and sitting on support at 3162. Since then it has bounced up nicely.
If you are in the Malaysian markets, you can go long on FCPO futures or invest in some of the Palm Oil companies on Bursa.
I will try to shortlist some in the next post
Pendal Group has been established since 1960 and with financial companies in developed countries picking up steam, Pendal looks to benefit from the stimulus pumped into the economy. Despite the Covid challenges, Pendal is set to shine.
Here is a look at Pendal and TA perspective, it has been turning around 6th and 7th of the last 3 months (Nov, Dec 2020 and Jan...
Looking at the big picture, KLCI index should reverse it's direction and heading up after Jan 7.
Jan 7 is also a pressure date being it's 30 degrees from Oct 7 which is a turning point.
watch out for Jan 14 2021 as it's One year anniversary from Jan 14 2020 which is Gann's term 360 degrees (a full circle).
Astro has gone up 9 days and 9 days down. Dec 21 was a day when most stocks dropped in Klse but surprisingly Astro up by 2.2 % on the day. Dec 21/22 is a Gann seasonal day and you will see Astro head up much higher.
Next Target 1.05
CBA should retrace towards Christmas and head up much higher after Christmas.
I am projecting a 6 days count from Dec 11 to the top of Dec 17, then another 6 days down to Dec 23.
Forecast, CBA will turn up on Dec 24.
Inari got a top on Nov 6 at a price of 2.77.
So we count forward 27 days forward and we get a bottom and a turning point on Dec 15 and next day Dec 16 a big rally up.
we should see Inari head up much higher
Singtel has been turning on 60 degrees cycle .. next is expected on Dec 14. It has made a higher low on daily chart as in early December, Singtel has worn digital banking licence from the Sg government so this should propel the shares higher.
There is a also a clear double bottom from Nov 2008.
1620 has been a strong resistance point for KLCI for a long time. It has just broken it this week and it's good time to LONG all fundamentally sound companies especially those that has profitable income and net cash