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Fcpo!

FGV: Nation's best bet on CPOEarlier last month I shared on RSAWIT, one of my favorite counter that gave me 100% return last year. The fact that the plantation business are mostly depending on commodity price (in this case CPO), you can't deny to also look at how is the FCPO going now. The good thing at this point of time is that FCPO has already broke the downtrendline signalling for an uptrend move! Now lets look at FGV. Felda Global Ventures. Quick facts: - FGV is one of the world's largest producers of crude palm oil accounting for about 15% of Malaysia's total annual production CPO. - Malaysia's CPO export to worldwide majority to India (30%), China (18%) and Pakistan (10%) - 3 core business sectors of FGV includes Plantation, Sugar and Logistics. - Our crude palm oil also contribute to healthcare as it is one of the main substance to soap. Few recent news and its implication: - Q4 2019: CPO gain its momentum and went to 3k - Jan 6, 2020: FGV units to explore investment in Pakistan Port: up to 25% stake in Fauji Akbar Portia Marine Terminals Ltd (FAP). This is good especially Pakistan is our 3rd biggest importer of CPO. We have more control to the port. - Jan 13, 2020: India urges boycott of Malaysian palm oil after diplomatic row. Resultant to that, FCPO drops to now. Note that India is our major CPO importer. - 10 May 2020: rumor that India will buy back our CPO. Its just a rumor... but most plantation counters were already make a move. - 19 May 2020: India announce will continue to buy our CPO. That means only one.. UP! - 22 May 2020: Statement from MPOB indicating that CPO will further move up. This will obviously impacting the revenue of plantation counters. OPPORTUNITY! - CPO potentially will be traded at RM2.3k-2.4k in a few month. This is due to good malaysia-india diplomatic relation thanks for TSMY. So all the good news, let's look at the fundamental indicator of FGV - EPS: NEGATIVE - PE Ratio: NEGATIVE - ROE: NEGATIVE - NTA: 1.15 (OK) In summary, quite bad performance based on fundamental indicator. Note that FGV is the leader of plantation sector. So you can expect the same for most of the plantation players. Why does this matter? WHEN IT COMES TO NOT SO GOOD COMPANY FUNDAMENTALLY, MAKE SURE TO NOT INVEST LONG TERM. JUST TRADE SHORT TERM. It moves up fast, and might move down fast too! Note that when I say "bad" its purely just an indicator based on 5 Magic Numbers. None of that relates to the actual value of FGV. Feel free to view the other plantation companies listed below:
MYX:FGVLong
by mahsyarsaid
LOOKING FOR EVIDENCE OF WAVE 3 COMPLETIONFCPO 20.05.2020 Critical level = 2024 There is a possibilities that price will go higher for last push to complete the sequence. Looking forward to see a pullback/counter trend movement in corrective fashion for wave 4 as an evidence that wave 3 has topped. Elliott Wave rules #3 " WAVE 4 CAN NEVER ENTERS THE PRICE TERRITORY OF WAVE 1" Invalidation level / critical level is set at 2024 based on the elliott wave rules. Breaking below 2024 level will void this analysis. TRADING IDEA: 1. Wait for completion of wave 4 and join the bull in wave 5 for the last push in this degree. Trade probabilities, not possibilities.
MYX:FCPO1!
by pengiran-
4
Crude Oil Palm Continues to Ride the downward Coaster. Hello dear Malaysian traders, Hoping express that everyone is in good health. The global supply chain is infected, by this pandemic Covid. Every body was asked to stay at home, the workers are stopping from work. And there is no logistics can be done. The crude oil palm demand is also falling. The best is, continue Short / sell with strength of downward pattern. If you find my analysis is useful and helping you out, please do like, follow, and comment.
MYX:FCPO1!Short
by SL-Trades
FCPO - Bullish AB=CDFCPO price has been fallen 862 points from peak of 3150 to 2288 (10/01/2020 - 28/02/2020). In the daily time frame, a bullish AB=CD pattern has completed in the at the price of 2288 and start climbed to 2383. We expect the price would retest the potential reversal zone at range of 2288 - 2176 to find a support before it's continue rising north again. PRZ = 2288 HOP = 2176 TP1 = 2617 TP2 = 2821 Waiting for the RSI to complete oversold in the HOP and enter order at the PRZ.
MYX:FCPO1!Long
by FXCruZaDer82