CPO is reaching its strong resistance at RM3134. it's gonna be a challenge for cpo to break those level. With higher demand from major buyer China, let's brake this resistance.
Fgv is a political counter. The bullish CPO has no effect on its share price`. Wonder why price dropped today. When GE15 is announced then price will shoot . But for now the FEDS WILL LOSE BIG TIME IN SABAH, SO for now price will retrace towards RM1.00; and you should go for whoever encouraged you to lose money.
Please reread my comment at 3.58pm. Many of you were persuaded by a sweet lady named Mamba, a lethal snake. The correction will continue for this week. Have fun folks. Stay healthy and safe!
Palm oil price for as long as it passes RM2,200 All the small holders will make money and for a big conglomerate with good infra RM2000.00 they already makes money.
On wave counts perspective, Higher Degree of Correction Waves could be completed with ABC structure formation as seen. Therefore, we would expect a new Higher Degree of 5 Waves Bull Run be started from now. Currently, Wave 1 could be realized and qualified at 1541.14 as it had met the minimum criteria with 5 sub minutte waves formed and Wave 2 correction is underway with abc waves formation expected. From observation, wave c has just started and could be ended at possible target of 1500 (FIBO 61.8%) or even beyond of 1490 (FIBO 76.4%) without breaching the low of wave C (1474.23). Once abc correction waves realized inconjunction with Wave 2 end simultinously, Wave 3 would be started implusively.
On the other hand, the prior Higher Degree of Correction Waves will be revised If 1474.23 breached. Therefore, the entire wave structure will still be monitored closely as complexity wave formations could be emerged such as WXY correction waves may take place which would lead to a bigger consolidation range stage before Higher Degree of 5 Waves Bull Run.
All waves' count and projected target are generated based on past/current price level and it may be subjected to vary if degree of momentum movement change.
Prevailing trend could be emerged if levels listed below was broken:
Resistance - 1610 Immediate resistance - 1515, 1531 Immediate support - 1490 (DT line) Support - 1475 (UT line)
On stocks selection, we believe pure plantation players to benefit more from the recent surge in FCPO prices (+9.57% WoW) and 13.6% MoM) and could attract active trading interests in the near term. To recap, recent surge in FCPO was mainly driven by a confluence of positives such as playing catch-up with a rally in soybean prices due to robust demand from China (as major crops were destroyed by typhoons), renewed buying interests from India, a weak USD, expectations of the development of a La Niña climate pattern potentially leading to lower production etc.
Based on the monthly chart, FCPO could break the formidable LT neckline resistance near RM3200, supported by the bullish indicators. A decisive breakout above this hurdle could spur prices higher at RM3400-3600 zones. Key supports are situated at RM2700-2900 levels. "
Some think CPO prices will drive plantation share prices up,up and up. But the game is not so easy. My Dad who is a planter told me not to touch plantation shares; productivity is below par because the vital Indonesian harvesters have not returned. So to sister M please shift your investment to the favs. of the day, gloves. If you already have tons, add more and limit to just two counters, not the whole sector. You can FOCUS better. I have two glove counters and that is all.When the “hurrah” comes I’ll book my BMW X2. Good Luck All Especially M.
@Bluey Some think CPO prices will drive plantation share prices up,up and up. But the game is not so easy. My Dad who is a planter told me not to touch plantation shares; productivity is below par because the vital Indonesian harvesters have not returned. So to sister M please shift your investment to the favs. of the day, gloves. If you already have tons, add more and limit to just two counters, not the whole sector. You can FOCUS better. I have two glove counters and that is all.When the “hurrah” comes I’ll book my BMW X2. Good Luck All Especially M. 22/09/2020 3:02 PM
Congratulation and Well done for securing a Brand New BMW X2! This is very inspiring and thanks for sharing. You deserve it.
Likewise, Just I bought a brand new Honda for my daughter. Thanks to the Glove Profits. Earlier I bought a Honda Bike for her brother thanks to my O&G selections profits. That what Honda is all about, the Power of Dream. A dream will remain a dream until we put action into it.
Back to Glove, managed to accumulate the Fantastic Four after recent panic selling. No thanks to IB dirty tricks to avoid honouring their call warrants. This time, will hold until next year as I believe it will be even better with and without vaccine. We are World Biggest Producers of Glove and the 3rd Biggest Producer of Rubber. That's why tis round , I put more stake in FGV since FGV has both Oil Palm and Rubber which complement my Gloves collection.
Yes, Plantation do have some challenge this year. Last year was challenging too but I believe the team here also make money. Anyway, it certainly feel nice to know that what we all actually feeding more than 3 billion people in more than 200 countries by investing in Plantation since Malaysia is the 2nd Biggest producers of Palm Oil.
I hope everyone in Plantation will also make good profits as our team in Gloves.
Bottom line, why settle for one when you can have two...
The Asian Stock Markets Were in the Hottest Euphoria. Amost every one was enjoying increasing profits. Many have resigned from their jobs to do full time trading in the stock market. Stock market tips and conversations were the order of the day. Everywhere in offices, homes, coffee shops, markets, eating places people talked only about the next “Limit Up” stocks.
In every trading Hall or Room there is no available seats. In RHB Bank HQ there isn’t even standing room. Cramped, jammed and packed with traders and specualtors from all walks of life. It Was The GoGo Years Before The Asian Financial Crisis!
One man stood out. Peter Lim of Singapore. He sold all his shares near the very peak and bought into just one counter – WILMAR the Plantation Stock.
On hindsight it was an uncanny but very accurate move. Next year in July 2nd 1997 George Soros attacked the Thai bath. The Thai bath collapsed and then contagion spread to Malaysia, Singapore, Hk, Korea, Indonesia – One by One Their Stock Markets Collapsed like tent pins.
At the height KLSE was 1332 and at the bottom it was only 262 points – A Crash of 81%
Nobody fully invested could have escaped such a carnage. It was a disaster for many. Tens of thousands went bankrupt. Many Banks & Financial Institutions were insolvent. Before the Asian Financial Crisis there were 49 Banks and Credit Companies in Malaysia. With the devastating carnage less than 10 Banks now standing. The rest became history.
Tycoon Peter Lim invested $10 millions into Wilmar – the plantation stock owned by Robert Kuok.
How come Peter was so “chun chun”? All $10 millions into one single stock. And he was right on target. Four years later in 2,000 Peter Lim “THE REMISIER KING” of Singapore sold his Wilmar shares for a cool $1.5 Billions!
So plantation stock investment if timed well can make you a billionaire!
As for Robert Kuok he became the Richest Man No. One in All of Malaysia with over Rm40 Billions.
Ha! Are we now entering another phase of market doom? Maybe yes or maybe no.
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....
Mabel
24,171 posts
Posted by Mabel > 2020-09-21 08:04 | Report Abuse
In future I will cut and wear FGV bikini made of FGV rubber wherever I go to the beaches...
Meow Meow Meow