Wow look at Steel Counter, they are now one of the main sector to be watched after since Lion Industries Shot up sky high. Now Steel are in demand again..
Observation
1) Trendline - Uprend ( Bullish)
2) Formed Higher High - ( Bullish)
3) MACD - Broke above 0 - Uptrend Zone (Bullish)
4) RSI - Now at 66% and awaiting to break 70% (Awaiting for next day result- undetermined)
5) Sto -Broke 80% (Short term bullish)
6) ADX - weak momentum and bullish
7) Candle Stick - Spinning Top ( undetermined)
8) Good review by a few Financial Investment Sector. To view the information please refer to our forum at the Steel Counter Section.
0 Points
5 Points
Conclusion
Winner BULL
Steel Counter are bulling aggressively and now it is in reversal and broke the 1st resistance at 14.8.
Resistance 16.36
Support 14.8
After analyze the overall sector, let review the performance of the selected steel counters
List
1) Lionind ( Leading)
2) Perwaja ( Leading)
3) Jaks ( About to lead from Laggard)
4) Kinsteel ( Starting to move forward) <--------------- Have to watch this counter
5) Annjoo ( Laggard) <--------------- Have to watch this counter
6) Masteel ( Laggard)
7) CSCSTEEL ( Laggard)
8) SSTEEL ( Laggard)
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
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