ANS austsino resources group limited

Mbalam - Nabeba iron project: Positive progress, page-90

  1. 358 Posts.
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    A good exchange but i don't think there is enough liquidity in it for ANS. Although HKSX is down 14 points for the year, that will not deter companies from listing on there. Tech, manufacturing and real estate stocks have underperformed this year.

    Looking at the Index, its holding support nicely and has formed a double bottom . Also off the back of big gains from the Tech index in December we should see a bounce. The index looks very bullish to me (macro = bullish but micro a little more bearish). We could see a rally in Q1. As we all know nothing goes straight up (unless you're a AVZ holder haha) and retracement and accumulation phases are very normal.

    Below is the funds performance - I added in a somewhat significant trend line.

    Anyways I am somewhat off track but all this talk has me looking at different Index's now haha

    https://hotcopper.com.au/data/attachments/3938/3938322-37947b5da1da88bd2f4629ea307ee28f.jpg


 
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