The Stock Library
Should we bull on Plantation Sector ?
Edwin Toh
Publish date: Thu, 04 Oct 2012, 08:35 PM
Edwin Toh
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Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.
Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
There are several reason to bull on plantation sector especially those which are focusing on oil palms
Let check the Plantation Index Sector
Indicators
1 ) Trendline - Below the downtrendline (Bearish)
2) Support/Resistance - Formed Lower Low (Bearish)
3) MACD -Formed 4G1R Signal (Bearish)
4) RSI - Inclining and testing 30% (Slightly Bullish ) .If break the 30% it will indicate bullish
5) STO - Inclining and testing 20%(Slightly Bullish ) .If break the 20% and bullish crossover it will indicate bullish
6) Ichimoku - a) Below resistance cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick BUllish Harami ( Bullish).
Conclusion:
Bearish - If break above the downtrendline it will show that is bullish back. This will happen if either one of the condition above meet.
Check the Counter Performance for Plantation Counters
A few laggards counters to monitor
1) TDM
2) RSAWIT
3) SOP
4) GENP
5) BSTEAD
6) KLK
Leading
1) Kulim
2) UTDPLT
1) Malaysia may reduce palm oil tax . If this succeeds it will greatly increase the profit for the plantation sectors. Check this from Business Times
2) CPO prices is the lowest since year 2008. There might be a correction on the CPO prices and now it is rebounding
Let check the Plantation Index Sector
Indicators
1 ) Trendline - Below the downtrendline (Bearish)
2) Support/Resistance - Formed Lower Low (Bearish)
3) MACD -Formed 4G1R Signal (Bearish)
4) RSI - Inclining and testing 30% (Slightly Bullish ) .If break the 30% it will indicate bullish
5) STO - Inclining and testing 20%(Slightly Bullish ) .If break the 20% and bullish crossover it will indicate bullish
6) Ichimoku - a) Below resistance cloud (Bearish).
b) Conversion line below the base line (Bearish).
c) Price below the baseline ( Bearish)
7) Candlestick BUllish Harami ( Bullish).
Conclusion:
Bearish - If break above the downtrendline it will show that is bullish back. This will happen if either one of the condition above meet.
Check the Counter Performance for Plantation Counters
A few laggards counters to monitor
1) TDM
2) RSAWIT
3) SOP
4) GENP
5) BSTEAD
6) KLK
Leading
1) Kulim
2) UTDPLT
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