We will need to have further momentum to break for this resistance but bullish divergence is a good signal.
Watching with interest.
2.96p resistance
8p target
Closing above the 20ma today will be a good indication that we will go higher. There will be some resistance along the way but 1st target for me is 12.86p
2nd target to retest the highs at 15.72p
Buy signal indicated at 9p on the chart.
I love these guys and the work they are doing in West Africa.
This is a new year and we can see that in past the first months (Q1 & Q2 as first and second part of the high season) are very good so we can expect the same thing to happen this year.
Beyond all the factors that surround the production of oil palm (obvious fall at the end of the last year), from the...
The initial breakout here was actually earlier in 2017, but now that the upper diagonal (that was acting like a price ceiling) has been taken out, I think we could be due a bull run here.
On this rare occasion I also have fundamental research notes too:
themaskedstocktrader.blogspot.co.uk
