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Was busy typed to sell at 0.945.. In the end I only realised that I bought at 95 instead!!!
WTF! School boy error.
myfcoach ( Date: 21-Nov-2013 19:16) Posted:
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indoagri finally closed up 0.945 on CPO price at 2658 RM. Expect the unexpected.....? like i mentioned in Wilmar thread, it is very volatile in the short term....however fundamentals are supporting CPO prices....so long this support is there...just wait...patience. Used to hate the rainy monsoon season, now i like.
Jason at http://myfcoach.com/
and http://millionaire-investors.blogspot.sg/
cheers,
hello123 ( Date: 19-Nov-2013 16:47) Posted:
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victortan ( Date: 19-Nov-2013 19:23) Posted:
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hello123
is the penny rally gone?? Since u said u can predict. Please tell us. I believe lot of reader here are interested to join you .
after reacting down at 91 , Indoagri has rallied to 96 peak yesterday ( but never closing above 94 as predicted below ) only to react down strong , now 91
may be preparing for one more push after this reaction is complete .. but we'll cross the bridge when we come to it.
for more details , see http://sgxswinger.blogspot.sg/
hello123 ( Date: 13-Nov-2013 10:53) Posted:
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Looking it from TA point of view, this stock is currently trading in the upper area of the up channel. It has to break the 2 resistances at 0.925 and 0.945 to continue its uptrend. Otherwise it may fall back to the support of the channel around 0.86. From a longer term perspective, looks like it has bottomed and starting a new bull cycle if its commodities prices keep firming up.
southpark ( Date: 15-Nov-2013 07:47) Posted:
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myfcoach ( Date: 14-Nov-2013 19:08) Posted:
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hello123 ( Date: 13-Nov-2013 10:53) Posted:
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wow! back to 90 cents....what a roller coaster ride....
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
myfcoach ( Date: 18-Oct-2013 13:16) Posted:
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within hours of sgxswinger last call below , IndoAgri rallied from 89 to 91 then to react down as predicted , today down to 83.5
for more details , see http://sgxswinger.blogspot.sg/
hello123 ( Date: 31-Oct-2013 00:14) Posted:
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Looks like IndoAgri still have some room more to go for this rebound.
http://mystocksinvesting.com/singapore-stocks/indoagri/indoagri-short-term-rebound/
Palm oil hit 1 year high 2615 RM on supply concerns.....First Resources up 14 cents today....taking turns to rally....
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
MtFaber ( Date: 31-Oct-2013 14:05) Posted:
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0.90 is at the top of channel and also was support back in mid July. If fail to break through, may fall back to 0.85. However, this counter seemed to have reversed the down trend in the short term shown by the cross over of the MA. Meaningful uptrend need to be confirmed by the weekly chart.
Hope this helps!
Palm Oil Extends Rally to Eight-Month High on Supply Concerns
By Ranjeetha Pakiam - Oct 30, 2013 2:46 PM GMT+0800
Q
Palm rallied to the highest level in eight months on speculation that output in Malaysia, the world?s second-largest producer, will drop starting next month because of growing cycles and the onset of monsoon.
The contract for delivery in January advanced as much as 2.3 percent to 2,555 ringgit ($810) a metric ton on the Bursa Malaysia Derivatives, matching the intraday high for futures on Feb. 22, before trading at 2,551 ringgit by the midday break. Palm for physical delivery in November was at 2,540 ringgit, data compiled by Bloomberg show.
While palm oil is produced year-round, output peaks from July to October, before tapering off. Prices are heading for a 10 percent gain this month, the most since December 2010, on expectation that the monsoon season that usually begins in November would slow production. The 14-day relative strength index for futures was at 73.5, the highest since Aug. 28. Some traders see readings above 70 as a sign that a drop is imminent.
?The market does look a little bit overbought,? saidCarey Wong, an analyst at OCBC Investment Research Pte in Singapore. ?It could stay overbought for a while, before we have another spate of news which could justify taking profits.?
Isolated showers and thunderstorms are predicted over Sabah, Sarawak and Johor, the biggest palm oil producing states, according to a seven-day outlook on the Malaysian Meteorological Department?s website.
Refined palm oil for May delivery jumped 3.7 percent to 6,332 yuan ($1,039) a ton on the Dalian Commodity Exchange and soybean oil climbed 2.3 percent to 7,220 yuan.
Soybeans for delivery in January climbed 0.6 percent to $12.78 a bushel on the Chicago Board of Trade, while soybean oil for December gained 1.5 percent to 41.59 cents a pound.
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
IndoAgri now 89 , may go to 91 react down slightly then 94 soon before reacting down strong
for more details , see http://sgxswinger.blogspot.sg/