Tradewinds Plantation Berhad (TWSPLNT) is an investment holding company. The company, through its subsidiaries, cultivates oil palm, rubber, and animal husbandry, processes palm oil and kernel, and provides landscaping consultancy, design, and contract works.
TWSPLNT made a major daily Wave 4 low of RM2.65 on 8 August 2011, with oversold and bullish signals. Furthermore, all its positive indicators are strongly supportive of much further upside. We feel that TWSPLNT will surge in the period mentioned above.
SHORT-TERM BUY (TECHNICAL) on dips for TWSPLNT with its firm support areas of RM4.25 and RM4.68. The potential Wave 3 & 5 upside target areas is located at RM5.14 and RM6.35. Stop-loss is at RM4.23.
Some trading stocks that we like are: BERNAS, CARLSBG,
DLADY, IGB, F&N, GENP, GAB, JTINTER, KPJ, MBSB,
NESTLE, ORIENT, SOP, TM and TWSPLNT.
FBM KLCI: Key Points
- TWSPLNT – Another firm surge to new highs
- FBMKLCI – Uncertainty may prevail
- Weaker supports of 1,448 & 1,462
- 1,467 & 1,493 will cap the rebounds
(Information from MBB)
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