HG Metal
Last:0.365
-0.005
HG METAL - - TECHNICAL ANALYSIS
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If you chk the directors that hold on to this share, then plus the OCBC holding when the S$10 mil loans to convert if it is $0.505, chk all the history. This is a counter will always remain stable most of the time because the volume is always corner out. So when using volume to measure is not quite correct. Should used the market demand on steel to measure as this is a company of steel stock trading company. Good Luck.
The company directors had bought their own shares at 0.37, looks like they r going to report a good set of results. Moreover, with the construction of IR and escalating property prices, seems like companies in construction materials are in the lime light. Has already vested in this stock quite substantially and is showing gains now..Target achievable at 45cts - 50cts.
Looks to be on uptrend now but the low and inconsistent volume is a big problem here.
