Ever since CMCO started, we are witnessing on skyrocketing Palm Oil Prices. Which fundamentally relates to this stocks. On technical side of it, last Friday the counter closed around Fibonacci golden zone area, also with a fresh resistance become support zone. Risked around 5% and target price 15% or hold for longer terms.
Trade closed: stop reached:
Reached stoploss because of price dropped at FCPO. Lesson learnt, move on!