Post Reply
6561-6580 of 6778
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.
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!
cathylmg ( Date: 15-Apr-2008 11:23) Posted:
|
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
High volume accumulates at 0.915. =)
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
NG ARGHHHH.....
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...
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?
