Tuesday 19 February 2013

i still favour Wilmar...it is now sitting on(means : the current price is just above ) the 20 days moving average at $3.60....after it went up to $3.93......the last quarter result will be announced this Fri which just might provide the catalyst for it to rally....good luck! $4.20 is the 200 days moving average which i think it will attempt to reach for it....if it can cross it convincingly, likely it will move towards $6.00.

Also watch Genting(recently hit $1.63!...it was only $1.30 when i mentioned it here) and NOL, their results will also be announced this week.

The STI index and other world indices have rallied substantially since Dec..hence the downside risks (a correction might be not far away) are getting higher now although the economic conditions have improved. Do exercise caution)

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