Here's a chart I drew early this morning.
I saw that oil prices had retraced from high of US$112 by $4 and thought maybe the palm oil stocks would be a shorting opportunity. But the 3 stocks moved up in the morning.
Was really quite surprised to see it drop below the 0.88 support for confirmation of the double top formation.
The way the stock behaved eg rebound at 0.705 is all according to the measured targets.
Amazing stuff.
Here's the updated chart with today's candlestick. And note the price closed exactly on the 200 day moving average. I'm almost speechless man. The charts do indeed tell the truth!
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