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!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.