| Latest Forum Topics / Golden Agri-Res Last:0.27 -- |
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GoldenAgr
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investor38
Senior |
15-Apr-2008 14:50
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First resources moving up strongly. Expect Golden Agri to follow suit. Don't sell too quickly. KUALA LUMPUR (Thomson Financial) - Malaysian shares ended the morning session higher on Tuesday, led by plantation stocks on the back of strong crude palm oil (CPO) prices. CPO futures traded on the Malaysian derivatives exchange rose for a second consecutive day this week, with the benchmark June contract last up 96 ringgit at 3,692 ringgit a tonne. |
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AK_Francis
Supreme |
15-Apr-2008 14:13
Yells: "Happy go lucky, cheers." |
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Still commodities steady lah. But no rice's related counter leh, any lopang? | ||
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cathylmg
Elite |
15-Apr-2008 14:12
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Could be shortist playing with this counter. | ||
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investor38
Senior |
15-Apr-2008 13:01
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Updated: 12:00:08 PM Tue, April 15th 2008 Month Open High Low Last Sett.p Change Volume O.P APR 2008 - - - - 3,565 - - 324 MAY 2008 3,601 3,672 3,601 3,672 3,590 82 552 4,732 JUN 2008 3,640 3, 677 3,630 3,677 3,595 82 2,751 12,205 JUL 2008 3,646 3,681 3,634 3,681 3,600 81 1,538 17,258 AUG 2008 3,660 3,680 3,660 3,680 3,581 99 50 1,098 SEP 2008 3,670 3,680 3,670 3,680 3,581 99 20 1,728 NOV 2008 3,675 3,675 3,675 3,675 3,563 112 5 1,695 With CPO prices being so strong, I am inclined to think of an upside breakout; mostly this afternoon. Golden agri prices is artificially kept low, unless there is really something that we don't know!
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cathylmg
Elite |
15-Apr-2008 12:10
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Notice the trading prices difference is getting smaller each day? And also trading very near the bottom line if the symmetrical triangle for about a week already. | ||
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marvellicious
Member |
15-Apr-2008 12:04
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The way I see it, the stock market may be down but not out. The bear is here, but there's still rationality in investors. Fundamentals of palm oil are very strong. | ||
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cathylmg
Elite |
15-Apr-2008 11:23
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Its breaking out soon. Could be both way. Can't decide which yet. But as investor38 have said there is volume accummulation. We shall see... | ||
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nickyng
Supreme |
15-Apr-2008 11:21
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no hurry lah...wait for <90cts...akan datang i tihnk :P CPO how high irelevant to this burger for time being...somethg is definitely fishy.... prefer to wait and sideline see show 1st....hee |
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marvellicious
Member |
15-Apr-2008 10:54
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High volume accumulates at 0.915. =) |
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PinkyGoh
Member |
15-Apr-2008 10:48
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wow....CPO for May-Jul >3600!!!!!! | ||
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marvellicious
Member |
15-Apr-2008 10:10
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Thanks, what do u think is the next immediate resistance level? | ||
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investor38
Senior |
15-Apr-2008 09:25
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Pattern identified. BB sell in big volume to keep price down and to fiighten retailers. They will then keep buying up in small volumes. Volume distribution shows evidence of accumulation. Inoagri already above 2.50. Golden agri and FR will follow-up soon. My opinion |
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AK_Francis
Supreme |
15-Apr-2008 01:11
Yells: "Happy go lucky, cheers." |
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Tomorrow got chance, DJ now up 39, though EU red prior DJ opened. Not optimistic it can sustain till market closed. Nonetheless, so many announcements ahead, really difficult to predict leow. Cautious loh. | ||
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cathylmg
Elite |
14-Apr-2008 23:56
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Looks like a symmetrical triangle to me. Can either cheong up or down. Any comment? | ||
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bullstalk
Member |
14-Apr-2008 23:36
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CHE  NG ARGHHHH.....
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zhuge_liang
Supreme |
14-Apr-2008 23:20
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CPO futures were up only 7 ringgit at midday. However, the futures finished strongly. Up 4.08%. GAR should rise tomorrow. But resistance at the downtrend line is around $1. It needs to breakout of this line before it can go higher. | ||
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PinkyGoh
Member |
14-Apr-2008 19:03
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guys, be patience.....will move north tomorrow. 1.7m share bought from seller at 96.6cents at 9.01am, and another 1.7m bought from seller at 90 cents at 5.05pm. GAR is always a step behind IndoAgri, so be patience... |
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marvellicious
Member |
14-Apr-2008 18:54
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This thread is getting interesting. I wonder whether strong and positive palm oil fundamentals can beat the bear. Given that this week is likely to be a v bearish one with the slew of announcments coming up, I dunno whether Golden Agri can continue its upward momentum built up from last week. Any comments anyone? |
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wacko111
Member |
14-Apr-2008 18:26
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why of all the palm oil counters, goldenagri always fall more and gain least compared to the rest, when its valuation is attractive. puzzling.. | ||
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AK_Francis
Supreme |
14-Apr-2008 18:25
Yells: "Happy go lucky, cheers." |
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Ayoh ayoh, see wealth changed to water, wise saying. In that case hold for a while leow. 38, eat rice eat porridge, AK looking at you already, he he.
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