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Stock to look at
STX PO buy around support 2.50 stop loss 2.37 .
SGX buy around 9.55 stop loss below 9.00 target 11.00
Wilmar buy around 4.40 stop 4.10 target 4.80
NR Stock ( strictly for trading , long if clear prior day high, short is clear prior day low)
FibreChem
Tat Hong
Yang zi jiang
STX PO buy around support 2.50 stop loss 2.37 .
SGX buy around 9.55 stop loss below 9.00 target 11.00
Wilmar buy around 4.40 stop 4.10 target 4.80
NR Stock ( strictly for trading , long if clear prior day high, short is clear prior day low)
FibreChem
Tat Hong
Yang zi jiang
My view
Uptrend stock with correction along the way ,buy at current level 4.43 -4.60 . My view
Note the uptrend line is NOT broken . Recent, correction is due to price control of commodities price in China .Palm oil is one of the products. However, this is temporary because of the Chinese New Year ( my guess) which some sellers has taken the opportunity to raise the prices . Secondly, If they price control long term, it will cause company to lose money and if companies close down, it will cause a even bigger shortage (supply) which will drive the prices even higher . Wilmar has a strong balance sheet , so my view is that they will be able to whether through this.
To see chart , pls visit my blog www.collinseow.com