Palm Oil Stock in Watch - Mewah, Wilmar

 Mewah closed $0.55 on , a long forgotten stock recently rallied from 0.45 to 0.55. Today we saw a short term reversal signal, will be good for entry if tomorrow price break above 0.555, stoploss can consider to place at 0.52. Short term trade. Below is the recent news regarding this counter.s

Wednesday January 4, 2012

Mewah diversifies its operations to Indonesia, output to go up 23%

http://biz.thestar.com.my/news/story.asp?file=/2012/1/4/business/10198068&sec=business

Wilmar closed at $3.6 today, mid term trend already in bullish mode. Today a short term reversal signal came out and this might be a second opportunity to enter if you have missed the first signal. WIll be good if you can enter one bid above previous high. e.g $3.61