My Trading Adventure

Plantation and CPO

CP TEH
Publish date: Wed, 03 Oct 2012, 12:08 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.






Plantation Index : A clear down trending. I posted and asking all to avoid plantation stocks, and we need to watch closely now. FCPO dropped 200+ points yesterday.

SIME : Touched 9.24, at 9.30 now ... dropping 45 cents, 4.6% down ... dragging KLCI.

KLK : Dropping RM 1.24 at the moment, 5.6% losses ... draggin KLCI.

With IOICorp down 8cents too, TM, Maxis and Digi being used to support KLCI. Otherwise, we do expect 20 points dropping ... and I will be a glad again.

will post those charts tonight if I could find little time.

TEH

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Discussions
4 people like this. Showing 2 of 2 comments

chongkonghui

Didn't buy any telcos.... if yes, can happily take profit today.

2012-10-03 17:28

weiboy90

agree with bro chongkonghui. telco counters are now in overbought position. price correction is just the matter of time.

2012-10-03 21:25

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