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JTIASA
NEW UPTREND FORMING?
MONITOR THIS.
STRONG CPO DEMAND. China & India, the two most
populated countries, are consuming and demanding a lot more crude palm
oil (CPO). Malaysia is a CPO exporter.
FCPO BULL? The high CPO demand has driven CPO futures
to advance to the highest level since January. As of 20 September 2020,
Malaysia's CPO futures is now standing at 3.1k,
JTIASA. One of the Malaysian palm oil stocks, JTIASA had a powerful
technical breakout on a Friday. The breakout, is sustained.
MONITOR THIS. If CPO futures is able to stand above
3.1k, the market could further strengthen their optimism on CPO future's
bull. Palm oil companies would make more revenue and profit. This would
lift the share prices of palm oil stocks.
DISCLAIMER
We share what we see. Our views could be inaccurate. There is no buy/sell recommendation.
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https://klse.i3investor.com/blogs/jomnterry/2020-09-20-story-h1514212012-JTIASA_NEW_UPTREND_FORMING_MONITOR_THIS.jsp
