nothing to see now til Nov

nothing to see from now onwards til Nov

if price break below 0.935 down trend

trend reversal.

looks like double tops formation?

https://www.theedgemarkets.com/article/cpo-meet-initial-rm3000-tonne-target-earlier-expected-%E2%80%94-mpob

https://www.theedgemarkets.com/article/cpo-meet-initial-rm3000-tonne-target-earlier-expected-%E2%80%94-mpob

https://www.thestar.com.my/business/business-news/2020/09/04/the-week-that-was---ringgit-rising-genting-hk-palm-oil-loan-growth

https://www.thestar.com.my/business/business-news/2020/09/04/the-week-that-was---ringgit-rising-genting-hk-palm-oil-loan-growth

https://www.thestar.com.my/business/business-news/2020/09/04/biodiesel-and-new-markets-boost-palm-oil-price#cxrecs_s

https://www.thestar.com.my/business/business-news/2020/09/04/biodiesel-and-new-markets-boost-palm-oil-price#cxrecs_s

https://www.theedgemarkets.com/article/cpo-futures-extends-uptrend-hits-eightmonth-high

https://www.theedgemarkets.com/article/cpo-futures-extends-uptrend-hits-eightmonth-high

all the SOP chart pattern are pointing to bullish trend

last wednesday volumn was 341.7k which is higher than average volumn of 281.8k for the past 20 days from last tuesday .

next tuesday.SOP price should break up above the upper bollinger .uptrend after wednesday volume closed more than the average volumn of 281.8k for the past 20 trading days from wednesday closes volumn
.after wednesday price surged above upper bollingger,price staged a pull back on last thursday and friday...symetrically trianger breakup pattern.

https://www.thestar.com.my/business/business-news/2020/08/29/hsr-full-speed-ahead

https://www.thestar.com.my/business/business-news/2020/08/29/hsr-delay-is-a-blessing-in-disguise

https://www.theedgemarkets.com/article/tsh-resources-sells-two-indonesian-plantation-units-klk-pay-debts

https://klse.i3investor.com/m/blog/targetinvest/2020-08-19-story-h1512396433-TSH_BENEFIT_FROM_HIGH_FCPO_AND_TIMBER_PRICE_AGGRESSIVE_EPF_PURCHASE_PRI.jsp

if cpo price above 3000 mt.
all plantation stock would go high.overweight sector.TSH tp above 1.6

heard rumours that some plantation cos are planning to give bonus issues

hope next week plantation stocks also flyhigh
thi round is plantation play

all palm oil plantation company 2nd qrt results flying high

qrt 3 results would even better than qrt 2.as july and august cpo price above 2600mt

https://www.nst.com.my/business/2020/08/616240/better-showing-pure-upstream-plantation-companies-latest-quarter

The more sideways zzz the more sustainable and firming the coming before a big spike in coming weeks.. the longer consolidate the stronger it spike.

2nd target rm6..order keep coming in from India
China ,middle east,US

Bullish

Soon price to spike to rm3.9 after brief consolidation

Strong buy

Kenanga Research upgrades TSH Resources to 'outperform' as value emerges after selldown

Last call for index final push to 1600 puts b4 index another leg down 400 to 500 puts down for the nxt 2 months

The current chart shows the stock is in the midst of U shape recovering as it has gone through a rebound from the deep sell off.

Most palm oil share would spike tomorrow.. bearing no negative news

India resumes purchases of Malaysian palm oil — traders

United plantation leading the uptrend

Almost all palm counters up

Also very much in line with the gradual opening up of major economic.

Especially china,south Asia and europ countries


Olive oil not as much supply as palm oil although some europ are against it.Demand of edible oil would spike after june

Should be 27 may

The worst may be over for this stock..the lowest was at rm0.56 on 20 march 20.

Breakup in 6/5/20 confirmed with big volume higher than average volume past 20 days from ,price surged more than 3% and already pull back and tested the Apex point which is rm0.685 and now turn up again.
.I may be wrong..the share is in up trend now.

Momentum indicator DMI also positive by 29.RSi 14 days above 50 .and trading above 30 and 40 days moving average.MACD looks good.think could sustain further

Whether breakup could sustain with lower volume compared with yesterday volume.
Foresee would go further as upper and lower bollinger has widen.middle bollinger has also up .

Price already breakup yeaterday

I may be wrong.. current shares for all palm oil shares like simepl,klk,united plantation,sop,ioicorp etc trading near to 200 days moving average.i could hv priced in the second quarter price..now big countries like china,India,Pakistan,middle east countries as well as some European countries are preparing to stock in for 2nd half.

Even though in the middle of economic downturn
.food is still needed to fill our stomach.this sector is different from other sectors like aviation,hospitality,resort and hotel,property,contruction,bank,cars,where we don't really need it now and inability to own it at current downturn
.

Palm oil is one of many food and daily use product important ingredients..cooking old,biscuits,fast food noodles,shampoo,soap,beauty products,cleaning and washing products and many kind of food.

In past several world recession palm.oil commodity was one of the earliest to recovered.
1998,2003,2008.

Palm oil already bottomed
20/3/20 at rm0.56 was the lowest for TSh
Palm oil is an essential item by the global..now restriction in major world economy has reopened or to be reopened again..world economy would import to stock up for essential use.

But Morgan Stanley analysts remain bullish looking into 2021.
The U.S. stock market keeps pushing higher, but ‘smart money’ investors are sitting this rally out. The Dow Jones Industrial Average (DJIA) soared on Wednesday as investors cheered Gilead Sciences’ claim that its remdesivir drug is an effective treatment for coronavirus after all.

But the world’s richest investors aren’t taking the bait as stocks rally further off their March lows. A majority of high-net-worth investors are waiting for this rally to cool off before dipping a toe back into the market. According to a new UBS Global Wealth survey:

61% of investors are waiting for a pullback of 5%-20% before buying.
23% are happy to buy at these levels