Sunday, August 15, 2010

ShouGang (code :

At 0.80, sitting at 50MA, the rebound might be seen soon. RSI at 50 level, PE single digit. Li Ka Shing have 5% of it. So, is it a BUY? Talking about knowledge, so what that I know FA and TA, could I benefit from it?

The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

Description (taken from google finance)
Shougang Concord Century Holdings Limited (Shougang Century) is an investment holding company.Through its subsidiaries,the Company is involved in manufacturing of steel cord in the People’s Republic of China. The Company is engaged in the sales, processing, and trading of copper and brass products. It has four segments: steel cord, copper and brass products, investment, and others (comprising trading of prestressed concrete strands and wires and property investment). The steel cord segment comprises the manufacturing of steel cords for radial tires. The copper and brass products segment focuses on the processing and trading of copper and brass products. Bigland Investment Limited, Eastern Century Metal Products Limited and Fair Win Development Limited are the subsidiaries of the Company


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