HKEX:3993 Potential profit at least 20%HKEX:3993 has broken the neck line of the double bottom. The last neck line has been tested.
The next resistance would be the bottom of the gap.
Cut loss @2.25
Target @3.2
Buy in Current price @2.74 or 2.6
D7N trade ideas
China Moly CMCLFChinease coppar cobalt play hitting critical X.
negatives
Global recession
Chinease high debts/slowdown.
Civil war ebola scare
positives
dividend 2,8% and increasing...
Electric vehicle growth in china
China Molybdenum Co looks like a great buyCMCLF looks substantially bullish both short term and longterm. We are also currently trading really good entry levels.
Below is the longterm picture. If we stick to this picture, trading this will provide great opportunities to scale the position size up as the play builds.
