Wednesday, November 20, 2013

Are you Catching the Commodities Run?

One of the most obvious things happening in Singapore stock market is probably the Commodities Stock going Higher. We know.. many people will say "thats too high to chase", but that depends on what timeframe and what strategy you are using. Nevertheless, buying the strongest sector is always what we do, and now we see commodities sector is "still" the strongest, we should own at least 1 or 2 counter in this sector. (GoldenAgr, IndoAgri, FirstRes,Wilmar,

Looking at the Chart of GoldenAgri, we saw the price break out of the 0.58 Resistance and now falling back to 0.585. Stronger support at 0.56, Short term Target 0.63 

IndoAgri previously breakout of resistance at 0.91, making the new high of recent 3month is a sign of a confirm uptrend, current a good entry will be at 0.915 with as the resistance turn support is at 0.91. Stoploss can be place at 0.895. Short term Target $1.00