TA wise, it's going to continue to break down over time. I suspect that we could reach a new low of 2017.
$1.30 was the low of 2016, and so I wonder what could be the low of 2017.
BGA and BKL announced their results today. BGA/Tatura is reviewing its IF exposure while BKL mentioned it's tough operating environment in China.
Just as we have Santa rally, I think the market is just starting going in low cycle mode now as results finishes and people who manages ultra big funds starts the "sell in may" 1-2 months early.
A2M Price at posting:
$2.18 Sentiment: None Disclosure: Not Held
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