rdkriplani

Tinplate - Catching up to Tin prices

HKEX:LUS1!   MINI - USD London Tin Futures
With Tin prices up closet o 60%++ since the beginning of the year. Tinplate is only about about 34%.
With a good result and no sign of cooling down of this metal thus far, Tinplace could play catchup.

Long at CMP with a stop below 235.
Expect a good move going forward as long as the underelying metal price doesn't correct.
First target 262 and if it can break above that then expect momentum to take over.

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.