RSAWIT - The King of Sawit
Updated
This company has given me almost 100% return in Q4 2019 when the crude palm oil spike high. It has high correlation with CPO price so monitor closely as the CPO will directly impact their revenue.
Now that the price of CPO lingers around the support at 2.2k, and the charts looks good to enter the buy position with observable resistance level.
I kinda like buying the dip when everything falls just right at the support line as my risk:reward ratio is better here. Its just that we need a holding power, waiting the price to go up and broke the resistance. By then you will know that you are in the ship riding the wave.
Recently, the opening of 18 Sabah oil palm private jetties will enable the palm oil to be sold again from the state. theedgemarkets.com/article/18-sabah-oil-palm-private-jetties-allowed-reopen
Now that the price of CPO lingers around the support at 2.2k, and the charts looks good to enter the buy position with observable resistance level.
I kinda like buying the dip when everything falls just right at the support line as my risk:reward ratio is better here. Its just that we need a holding power, waiting the price to go up and broke the resistance. By then you will know that you are in the ship riding the wave.
Recently, the opening of 18 Sabah oil palm private jetties will enable the palm oil to be sold again from the state. theedgemarkets.com/article/18-sabah-oil-palm-private-jetties-allowed-reopen
Trade active
New catalyst coming for CPO as India in consideration to lift the ban of our palm oil. Trade is active
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