Hindustan Zinc - Bottoming Out
The lowest cost producer of Zinc in the world. Its been one of the only metals where the price of the metal is at new highs BUT the stock has been falling. Maybe the rise in coal prices has something to do with it. But the co is going to make some serious free cash this quarter from the price of global zinc.
Now the stock seems to have bottomed out and could potentially reverse. There could soon be a crossover of the moving averages as well. The price is also crossing above the 200EMA (one of my fav triggers)
Long above 320 (Hopefully follow thru on monday) with a stoploss of 300.
Now the stock seems to have bottomed out and could potentially reverse. There could soon be a crossover of the moving averages as well. The price is also crossing above the 200EMA (one of my fav triggers)
Long above 320 (Hopefully follow thru on monday) with a stoploss of 300.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.