Saturday, July 19, 2008

July-19 Short term play - Chinese metal stocks

By inspecting Chinese metal sector, you will find they are at the level of long-term oversold and mid-term consolidation around low level, thus these stocks are heading for short-term rebound.
 
Taking 601600 for example, this stock is trading at 14.2 RMB, and this stock is heading to 17-18 RMB area in the short term.
 
Other stocks to watch, for A share market:
601600, 600497, 600489, 601899, 600362
 
for H share market:
0358, 2600, 2626, 1208
 
Please note: I am more confident on A share metal stocks.
 

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