Saturday, April 04, 2009

Play The Plantation

CPO has broken out of a ascending triangle. Hopefully, there is a play on the plantation sector.

KLK Weekly Chart

Volume for KLK is low. Base on weekly chart, it looks slightly bullish. However, the bullishness is not strong. Will KLK made a double top or go up further? Resistance is around 11.00 to 11.50. If KLK can overcome this, then the next resistance is around 14.00.

IOICorp Weekly Chart

IOICorp may have broken the resistance of around 4.00. Uptrend may continue to the next resistance of around 4.80.

Disclosure: I'm long on KLK and IOICorp CW.

No comments: