Olam breaks out of its 8-month consolidation; CAO closes above its 50D SMA (3 Dec 24)

December 4, 2024December 4, 2024 el15

Dear all It has been an extremely hectic couple of months. Markets have been extremely buoyant and I have been swarmed with trades, meetings and trips. If only, I have another pair of hands. 🙂 Anyway, just a short technical note on two companies, namely China Aviation Oil (CAO) and Olam which have seen bullish developments in their charts. A) CAO closes $0.01 above its 50D SMA, first since 5 Nov CAO is interesting as the increase in the share price in the past three days was accompanied with an increase in volume. CAO closed at $0.910, accompanied by […]

Tiong Woon – A potential undiscovered gem! (21 Oct 24)

October 21, 2024October 21, 2024 el15

Dear all Tiong Woon has been in my watch list for several months. Whenever I look at Tiong Woon, it reminds me of Civmec even though they are not exactly comparables. However, they do share numerous similarities such as chart breakout; positive analyst commentary; management’s positive outlook; strong operating track record; increasing dividends etc. Civmec which I wrote on 10 Sep 23 (click HERE), has risen 28% from $0.805 on 8 Sep 2023 to close $1.03 on 18 Oct 2024. Since 8 Sep 2023, Civmec has given out a total of AUD0.09 / share. This works out to be a […]