Thursday 25 October 2012

i am looking at the palm oil stocks now....Golden Agri resources and Wilmar ....both looks like bottoming. if u study, the other palm oil stocks have also stopped dropping....

Wilmar has daily share buy back at $3.00 and a Director has bought 2,000,000 shares at $3.18 recently.

BTW crude palm oil(CPO) has rebounded from the october lows...and seasonally CPO prices tend to rise from  Oct to Dec..due to the many festive seasons.

http://www.palmoilhq.com/crude-palm-oil-cpo-futures/

Noble is forming a nice uptrend, supported by the 20 dMA.

YZJ and Cosco should benefit from China Trillion yuan infrastracture stimulus package....both are near the previous low...COSCO $0.87..YZJ $0.91....with the good news from NOL....might stir interests in other shipping stocks.

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