Stock in Focus -IRC 1029.HK

Another stock that has been recently added into MSCI small cap index is IRC Ltd.


I am very interested in IRC from the technical aspect. As for the fundamental, iron ore has been rather strong in the last 1-2month or so. I do particularly like the higher volume in the iron ore chart.Chart is from a china iron futures platform

As for IRC, its weekly chart also showed similar kind of rebound

In the weekly chart of IRC, there could be chances of potential rebound as well...


Of course, with 1029 being added into the index...which is the main reason.

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