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The US industry is currently suffocating from the shortage of rare earth. If this issue is not addressed expediently, foreclosures and unemployment rate will surge thus crippling the already highly debted economy. With this in hand, Trump is highly likely to lift strategic trade restrictions including semiconductor and AI chips in return of selective usage of rare earth from China. This U-turn in policy by Trump isn't a surprise at all as he's known for its feat, as always.
This is just another opportunity to buy from panic selling. It has always been very rewarding from my past experience coming just from this stock. After all I don't believe this news as I think it's just noise and possible manipulation only.
If one looks at the track record of Ecoworld and its management performance and vision, it's indeed a stock to invest and to grow with.
From a chart perspective, it's on an upward bias trend with immediate resistance at 38 and 45 sen, breaking it will see it climb to 72 sen.This is an investment grade stock only for those who believe in the Ecoworld brand and it's meant for long-term keep for growth and dividends. Stay out if one has no holding power or intends to punt the stock only.
Ain't the current 30% tariff high enough? Can't you look into improving handling and administrative efficiency to increase throughput instead. Higher throughput with lower manpower is highly possible and it can be learnt from Chinese ports.
