Wednesday, 6 November 2013

Plantations stocks consolidating

As i mentioned earlier, the Plantations stocks has run up too much too fast and was in OVERBOUGHT territory(look at the RSI)...they are consolidating now ....looking for a support....once it is found, the uptrend likely to resume...Same for Palm oil is trying to form a HIGHER LOW...

Golden agri found support at 56 cents....There's a lot of buy-ups today....


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