Monday, 14 April 2014

14 March 2014 : KLSE : CCM

CCM


Buy on breakout: 1.16
High risk entry : 1.14
Stop Loss: 1.00 or 1.04
R&R: 1:1 or more.


Friday, 11 April 2014

12 April 2014: LIENHOE

LIENHOE


Breakout buy 0.355.
TP around 0.39- 0.395..


Thursday, 10 April 2014

10 April 2014 : LUSTER, GRANFLO

LUSTER


Entry breakout 0.12 or 0.145
Depends on your own Risk and Reward Ratio.

GRANFLO


Entry breakout 0.305

Wednesday, 9 April 2014

9 April 2014: Update on FCPO 6pm

FCPO




If tonight, SBO continue to go up (i believe it will), then, CPO might breakout from diagonal.
Lets see how the big hands going to react to it.

To me, there is nothing on Fundamental of CPO can push the price up high unless the other alternative oil is (SBO).

Tomorrow MPOB data will be released. I think most of data is within expectation.

9 April 2014: FCPO: can it breakout it diagonal pattern?

FCPO



Can it break the diagonal pattern in coming days? or it will continue to plunge once reach the trendline.

To me now, only SBO can push up FCPO price. There is no fundamental for Palm oil to me. This is including currency MYR which is not favoring to importer.

Tuesday, 8 April 2014

Update* USDMYR: Ringgit Strengthening

USDMYR


From this chart pattern, expecting Ringgit to have big recovery. It seems to be impossible.
Is it telling us, our magical KLCI will continue having "goreng" counter.. Music is definitely will continue to play.

As for FCPO, with weak export data from month to month now, then Ringgit is showing recovering, I doubt the export data will improve, and price should continue to plunge. Additional, Palm oil will be expensive from importer view due to this currency. China and India, our biggest importers are not/reducing buying because looking for other alternative (cheaper oil).