The metal processing sector seems to be a good one to be in right now. Onesteel, BHP Steel, Smorgon and SIMS all looking pretty good technically.
There's a story in today's paper that a recent 20% drop in the US steel price would have an adverse effect on the BSL price. It goes on to say Deutche Bank steel analyst says Onesteel and Smorgon still have upside but the risk for BSL was on the downside.
But I tend to trust what the chart is telling me and not the 'experts'. Chart is pretty good for all these companies.
OST Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
