why this forum so quiet? gogogo the chart is bullish. TP is RM1 if CPO go to RM3000. now FCPO for august already trading at 2750 as of now and current CPO trading at 2700.... gogogo
I monitor palm oil price everyday. FCPO for august alrdy went up to 2800 level and current CPO price for yesterday closing 2708. I think will continue to go up cause china has most severe flood in this century and imminent famine
Fcpo only start trading from 10.30am till 6.30pm. So the exact closing price for the day will be after 6.30pm. In between the price may up down or fluctuate a lot
Yes, please remember to stick to your trading discipline and maintain a cut loss at your calculated points. Jtiasa, unlike very established plantation counters like United Plantations, share price follows closely with the price of FCPO. Right now FCPO is trading about 2600 which is a key support point. If this were to break, better to cut loss unless you're willing to wait for a while. I believe by year end about 2800-3000 is possible.
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lawrgan
715 posts
Posted by lawrgan > 2020-07-01 16:11 | Report Abuse
If cannot get below 0.50, I will take all at 0.50 before closing