March 20, 2016
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Watchlist – Golden Agri Resources
We said keep Golden Agri Resources in the watch list. As MACD gives some cue. Golden Agri Resources was around thirty cents for sometime. Picture Worth a Thousand Words, in fact there were fundamental reason. A report made by sph reporter thorkk, these were caused by the increase in palm oil. The cause were drop in palm oil production due to El Niño’s effects.
Read The Wall Street Journal’s report for more. See link below.
Drop in Palm-Oil Production Shows El Niño’s Effects
Golden Agri Resources Data From 2015
With the fundamental reason, can the price go higher than the 2015 peak. From the thorkk report, the global production is going to 30,000,000 less in 2016. May be the price may over taking 2011 peak. Will see.
March 18, 2016 Golden Agri Resources
Moses Stocks Analysis and Scan
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