Trade Idea: Chalco (HK)

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Company profile: Aluminum Corporation of China Limited, also known as Chalco, is a producer of alumina and primary aluminum in China. The Company refines bauxite into alumina and smelts aluminato to produce primary aluminum.

Summary: weekly – buy

Parameters:

  • Long ≥ 2.90 (GTC)
  • Target: 4.09 (+41.03%)
  • Stoploss:  2.60 (-10.34%)
  • Risk/reward ratio: 3.97
  • Time frame: weekly
  • Country: HK (ticker: 2600)
  • Cash Dividend: 0.0103 CNY
  • Dividend Indicated Gross Yield: n/a

Status/Updates:

  • Pending entry – trigger not hit yet
  • 3 Jan 2014:  setup cancelled, no entry

Weekly chart at setup:

trade_chalco_23dec2013

Tags:

Category: Closed Trade Ideas