ASX:XMM - Keep a close watch on sector and companies
ASX:XMM - Keep a close watch on sector and companies
~The sector is in an uptrend after making a bottom in Jan 2016
~the previous high was made in Nov 2008
~after a gap of close of 13-14 years sector has come to the limelight.
~Strong global demand
~China demand for minerals
~ Global infrastructure post-COVID-19 - Govt push
~DON't forget over 50% of the consumption of iron ore is from infrastructure
~Iron ore consumption worldwide increasing steadily
~ ASX listed companies in my watch list.
1. $BSL
2. $CHN
3. $DEG
4. $ILU
Trend analysis
Fundamental analysis
Beyond technical analysis
~The sector is in an uptrend after making a bottom in Jan 2016
~the previous high was made in Nov 2008
~after a gap of close of 13-14 years sector has come to the limelight.
~Strong global demand
~China demand for minerals
~ Global infrastructure post-COVID-19 - Govt push
~DON't forget over 50% of the consumption of iron ore is from infrastructure
~Iron ore consumption worldwide increasing steadily
~ ASX listed companies in my watch list.
1. $BSL
2. $CHN
3. $DEG
4. $ILU
Trend analysis
Fundamental analysis
Beyond technical analysis
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