Monday, October 2, 2017
Plantations Index
PLT - Plantations moved into a long rally since late March of this year. It closed yesterday at 1083 area. Whilst the fib extension of the 1st uptrend from Late March to late May, suggests that the 161.8% completion takes place around 1097 points. But the momentum of the counters in the sector is not showing considerable retracements mainly due to the strong growth expectations in this sector, after many torrid and dismal years. However the time is not right to invest into these counters but has a lot of steam for traders. So they should sieze the opportunity and enjoy the ride by keeping strict money management techniques.
Subscribe to:
Post Comments (Atom)
Loss and Gain of the ASI in 2021 vs the Loss in 2022
This ASI chart shows the All time high in 2021 of 9025.82 on the 29th 0f Jan'21 and the fall to the yearly low of 6852.64 on the 19th ...
-
Dr. Michael Burry is the ONE EYED Physician turned Fund Manager, who figured out that the Housing Market in the US is going to fall apart,... -
RCA STRATEGY The challenge of covering updates of this Strategy of Stock Accumulation was daunting. But when you stick to the Rules a... -
Amidst haemorrhage in this counter there was a reversal to the up. But that doesn't mean every thing is well. However it's worth ...
No comments:
Post a Comment