Post Reply
6481-6500 of 6778
I will short this counter when it comes to that point.
nickyng ( Date: 17-Apr-2008 10:57) Posted:
|
cant be better !! waiting for that too! hee... :D
cathylmg ( Date: 17-Apr-2008 10:41) Posted:
|
If it goes down to 0.905 it might as well go down to 0.885
well..technically i could do that..but i cant tell when it will hit <= 90.5cts rite? and i dun hv CFDs to do naked short..hee... :P
investor38 ( Date: 17-Apr-2008 10:10) Posted:
|
GA so weak now , no energy to cheong even cpo up a lot. if cpo drop a bit ,sure GA will drop a lot. you will vomit blood if holding this share .
In that case you should sell now and buy back later! Seems logical isn't it
for this burger...i m still waiting to enter < 90.5cts...hee...will it happ today ? :P
cheers ! :D
Nice picture. With DOW three digit rally, I am expecting a breakout today. Last night good earning reports, and decent CPI nos; reports that US home sales slump may have bottomed out will provide some degree of assurance to investors regarding the US economy. Volatility over the next week or so is expected depending on results of those big corporations. Looking forward to a good day today.
cathylmg ( Date: 16-Apr-2008 23:13) Posted:
|
CPO prices have resistance around 3,700 ringgit per tonne. If it is broken, then maybe Golden Agri will breakout.
Forgot to include the link:-
http://img.photobucket.com/albums/v322/cathylmg/2008Apr-GoldenAgri-640x310.png
As can be seen in this picture that today's highest price is already at tomorrow's breakout point. With another line drawn for these 3 days including today, if tomorrow is another uptrend day, then breakout will be..
Dow closing up triple digit tonight will give golden agri the stimulus it needs for a breakout tomorrow. Although the near term fundamental support for palm oil is there because of increased demand aggravated by a shortage in supply; the sustainability of its price in the moderate to long term will depend on continued worldwide demand. This will obviously be dependent on the the health of the world economy in general which to a large extend will be dependent on whether the US goes into a long and deep recession. The US stock market is an forward indicator of the health of the US economy in 6 months time.
Thank you for the reply. I am inclined towards investor38's point of view too.
investor38 ( Date: 16-Apr-2008 20:16) Posted:
|
Thanks for the info. Looking at the chart and given the strong fundamentals underpinning palm oil counters at the moment I am inclined to think that the breakout on the upside is imminent.
Nostradamus ( Date: 16-Apr-2008 19:34) Posted:
|
Golden Agri is unable to make any headway because it's trapped by double resistances. Read more.
Sorry. Out whole afternoon. No access to internet. Not to worry. BB watching CPO prices very carefully. CPO prices opened negative and ended up flat. Technically, golden agri, indo agri, wilmar and fr still on upward divergence. I expect breakout to be imminent, hopefully by the end of the week. Be patient. Do not rush to buy when there is a big buy up unless you are prepared to hold. Buy at support levels to be safe. Watch fundamentals all the time. Buy when there is fear and sell when ther is greed.
cathylmg ( Date: 16-Apr-2008 16:13) Posted:
|
sigh...
no breakout today....
As far as crude oil remains high, this burger will not slip unless there is adversed problems shouldered over it. Mine is 9.05, still under controlled, no tension.
Investor38 your opinion pls?
i m still waiting to enter < 90.5cts leh....kekeke
:D