Chongqing Iron (1053.hk) - Striking while the iron is hot

Bought 2K of Chongqing Iron (1053.hk) shares at $1.11 last Friday (8 April) as OBV and RSI remained on their upward climb on the 1-month, 10-days and 15-min timeframes.

Initial stop loss level at $1.02 has been raised to $1.07 :)

Looking at a target of $1.70, which is a far cry from its pre-fall price of around $2.60 in Jun 2015.

Will this metal company sink or fly?


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