Last Friday was a hanging man signifying the end of the uptrend. Probably due to profit taking, but looking at the volume it just doesnt seem so. Collect at your own risk
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Earlier-than-expected recovery in the world’s major economies, resulting in higher edible oil demand and prices; • Timely implementation of higher biodiesel mandate in Indonesia and Malaysia. • Weather uncertainties revisit, which would result in supply distortion, hence boosting prices of edible oil. Its time to collect....
Palm oil stocks in Malaysia as at end-Feb fell 14% mom to an 8-month low of 1.66m tonnes. This is 12% below our forecast and 7% lower than consensus estimate, mainly due to weaker production and stronger exports. CPO price up when demand up and supply down...
look at these quarterly palm oil averages n quietly figure it out, Q3-13:2342 Q4-13:2504 Q1-14:? I'm sure individual company analysts knew already what profit figure coming out soon...
No offence guys,its never wrong to look at chart indicators eg: Fibonacci and Elliot wave. But if you input several indicators altogether it may not necessary be the case of a bullish breakout.Company has only 3.4mil cash balance and receivables is only just 20mil offset with payables of 38mil.Trading profit is within range of 0.475-0.525.
making 9.83 cts per share after the turn around but its price remained static? Market has overlooked this counter totally and the traded volume is really sad . Longer term may be very good....I think keep on accumulating will not be bad. U won't lost money on this counter any more?
Leslie..You wont make money either...pls read the quarter report and dont just assume numbers that you see..9.83cents eps?Do you know where it come from?This company is cash strapped.Limited upside potential.
as long as it has recovered from losses and making profit will be an added advantage to hold . its price is in the plateau signalling someone is collecting slowly to make a handsome gain in a longer term. As small players we may emulate the style of trading at minimum risk following their footsteps . Not to buy or sell call . just sharing....
Huh? Harami? Clearly u dun understand your chart analysis...i am disappointed..leslie and lim..let see in one week..it will drop to 0.45..still it is no buy for me cos no volume counter..cheers
DUTAland—Breakout from its immediate downtrend line of 48 on 14/02/2014 with increased volume signal BUY. The next day it broke its strong resistance at 495 which carry an estimated target of 545 ( Also its mid term downtrend line) but only managed to hit high of 525. It formed a “Dark Cloud” the next day implying consolidation and it did, the dark cloud is shallowing the uptrend movement of DutaLand at the near term. It is expect to trade between of 465 to 525 unless the Dark Cloud is taken out.
Dutaland, MUI Berhad & MP Corp are the Most Undervalued Property Counters in KLSE.
Since Petronas Approved the RM60 Mammoth RAPID Project in Pengerang Officially yesterday. I think the impetus is for MP Corp to rise soon. If you have extra cash put some in MP Corp now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
WilburR2
869 posts
Posted by WilburR2 > 2014-03-07 08:59 | Report Abuse
All set to ride the "3rd wave"? GL & don't fall and get trampled. :-))