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expected to consolidate for a while...but this news came....see how...
Don't forget the Elephant...Golden agri...starting to move liao....
By Swansy Afonso - Oct 23, 2013 6:35 PM GMT+0800
Palm oil gained for a fourth day to the highest level in seven months on speculation that output inMalaysia may increase at a slower pace, capping inventories in the world?s second-largest producer.
The contract for delivery in January advanced 1.1 percent to 2,482 ringgit ($784) a metric ton on the Bursa Malaysia Derivatives, the highest price at close for most-active futures since Mar. 22. Palm for physical delivery in November was at 2,440 ringgit today, data compiled by Bloomberg show.
?The growth in output has not been much and this will keep inventory levels in check,? said Isha Trivedi, an analyst at PhillipCapital India Pvt. in Mumbai. ?The ringgit pared its early gains supporting prices.?
Reserves dropped 32 percent to 1.78 million tons last month from a record 2.63 million tons in December, data from the Malaysian Palm Oil Board shows. Output in September gained 10 percent to 1.91 million tons. A new ruling that limits expansion by plantation companies will probably hamper Indonesian government?s target to produce 40 million tons by 2020, Joefly J. Bahroeny, chairman of the Indonesian Palm Oil Association, said today.
Soybeans for delivery in January gained 0.5 percent to $13.04 a bushel on the Chicago Board of Trade, the highest level in two weeks, while soybean oil for December increased 0.3 percent to 41.66 cents a pound.
Refined palm oil for May delivery climbed 1.2 percent to end at 6,178 yuan ($1,015) a ton on theDalian Commodity Exchange and soybean oil advanced 0.6 percent to close at 7,216 yuan.cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
Dropped for a short while then shot back up. Expect it to cross 0.9 today.
alycone29 ( Date: 23-Oct-2013 08:53) Posted:
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another rally today?
Yes....solid call, thank u
myfcoach ( Date: 22-Oct-2013 17:16) Posted:
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Wah.....power but it'll be a long long wait for it to hit the $3 mark again. Anyway no one can tell if it wont able to happen also. Good luck anyway lol
xing78 ( Date: 22-Oct-2013 23:42) Posted:
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No 3 dollars No Sell
Lol
indoagri finally moved.. ..together with Bio and Vard.
iluvboost ( Date: 15-Sep-2013 22:26) Posted:
loaded at 835....1st tgt 900...
good RRR...
GorgeousOng ( Date: 13-Sep-2013 11:05) Posted:
So long never hug this babe....emmm so nice.......
feeling still the same ler!!!!
Cheers!!!
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Good call.. more upside likely..
wow!!! Up 10% in 2 days.....
cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/ myfcoach ( Date: 21-Oct-2013 22:17) Posted:
up 3 cents today! according to my chart, this could well be just the beginning of a commodities stocks rally.
BTW, the NAV is $1.2+ and before the latest round of daily share buy back, the last round last year is around 1.18-1.25...very potential if rally continues....cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
Henry$$$ ( Date: 20-Oct-2013 15:13) Posted:
| It is a safe blue chip, backed by rich indomesian. Its business model is rather comparable with Wilmar. Bottom is ~ 70 to 80C. Up side rather promising, if you consider economy situation is improving next year. Don't miss it |
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Thank you....bro for sharing about the potential of this stock. Yes......at present price it should be a safe bet.
myfcoach ( Date: 21-Oct-2013 22:17) Posted:
up 3 cents today! according to my chart, this could well be just the beginning of a commodities stocks rally.
BTW, the NAV is $1.2+ and before the latest round of daily share buy back, the last round last year is around 1.18-1.25...very potential if rally continues....cheers,
Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/
Henry$$$ ( Date: 20-Oct-2013 15:13) Posted:
| It is a safe blue chip, backed by rich indomesian. Its business model is rather comparable with Wilmar. Bottom is ~ 70 to 80C. Up side rather promising, if you consider economy situation is improving next year. Don't miss it |
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up 3 cents today! according to my chart, this could well be just the beginning of a commodities stocks rally.
BTW, the NAV is $1.2+ and before the latest round of daily share buy back, the last round last year is around 1.18-1.25...very potential if rally continues....
cheers, Jason at http://myfcoach.com/ and http://millionaire-investors.blogspot.sg/ Henry$$$ ( Date: 20-Oct-2013 15:13) Posted:
| It is a safe blue chip, backed by rich indomesian. Its business model is rather comparable with Wilmar. Bottom is ~ 70 to 80C. Up side rather promising, if you consider economy situation is improving next year. Don't miss it |
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It is a safe blue chip, backed by rich indomesian. Its business model is rather comparable with Wilmar. Bottom is ~ 70 to 80C. Up side rather promising, if you consider economy situation is improving next year. Don't miss it
wow! sugar futures jumped 5% on good China GDP.
The charts of three of them looks good!
cheers,
jason
hi,
well, soft commodities like CPO(crude palm oil),soybeans, wheat, sugar, etc has been declining for 3 years....after the boom and bust....saddled with stock piles of inventory due to over-production in the good old days. No surprise the prices of plantations stocks has been in decline...and lost lots of investors' $$$$.
They are at 3 years-low......is it time to look at them again?.....btw CPO is rebounding from 3 years-low....year-end festivities eg Hari raya, Deepavali, Chinese new year just might provide some demand for CPO and sugar. In addition, CPO is used to make biodiesel...this provide a floor to how much CPO price can drop...
will put up the charts for the agri (or some says " Ugly" ) stocks in my blog when i have time.....
cheers,
Jason at
http://myfcoach.com/ and
http://millionaire-investors.blogspot.sg/
i bought this stock a few years back when it was trading around $2.20 and didn't look much into it.
when i next took a look at this stock, i noticed that it was split into 2 counters and were trading around $1.20 or so. and when i next look at it, now there are 3 counters trading around $0.80 each.
i'm not a seasoned investor nor speculator, but can someone explain to me what happened to this counter? am i screwed with my previous purchase? what is the next step i should take?
thank you.
this is an extremely poor performing stock, super big disappointment, everything like noble or wilmar or whatever are rebounding, this is still grinding at hisotrical lower . given how much sti and any other indices have rebounded.
Personally, I prefer the stock to build a base first. Looking to average down to lower my current high breakeven price.
Huat together !!!
Cheers!!!
guoyanyunyan ( Date: 16-Sep-2013 12:34) Posted:
| Indofood Agri-Likely further recovery after strong bullish breaks |
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By Philip Teo
Likely further recovery after strong bullish breaks Key hurdles crossed.
Indofood Agri could see more upside ahead after initiating strong bullish breaks above both its 6-month downtrend resistance and $0.80 key resistance on heavy trading volume yesterday.
Indicator turning bullish.
The MACD is still climbing aggressively towards its centerline, suggesting that the upside momentum is building up.
Next resistance at $0.95.
The counter is likely to head towards the $0.95 next key obstacle (key support-turned-resistance) in the weeks ahead.
Immediate support at $0.80.
Meanwhile, we advocate a stop-loss exit around $0.77, which is slightly below the newly established resistance-turned-support at $0.80.
...recent low: $0.720... last: $0.840...
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