Stock: ~MHC~: MHC PLANTATIONS BHD 5026

Stock: ~MHC~: MHC PLANTATIONS BHD 5026

 

MHC Plantations Bhd is engaged in oil palm cultivation, investment holding and the operation of a hotel. The Company through its subsidiaries is engaged in cultivation of oil palm and sale of fresh fruit bunches, investment holding and property development. It operates Anson Hotel, which is a seven-storey hotel, located in the town of Teluk Intan. The Company's subsidiaries include Champion Point Sdn Bhd, Majuperak Plantation Sdn Bhd, Yew Lee Holdings Sdn Berhad, Anson Oil Industries Berhad, Ayu Gemilang Sdn Bhd, Telok Anson Hotel Sdn Berhad, Bisikan Gemilang Sdn Bhd, Sharikat Muzwin Bersaudara Sdn Bhd, Hutan Melintang Plantations Sdn Berhad and Majuperak Sawit Sdn Bhd. On 29 September 2010, the Company acquired the Bisikan Gemilang Sdn. Bhd. (BGSB).

 

From tokancorner view for investor only (not suitable for punter)

 

This week all counter all are related to Palm Oil Because I'm Trading Crude Palm Oil (CPO) Futures 

 

Bursa Stock : MHC 5026 ( Buy Now @ Support Area CL Below It Or Buy On Dip )

 

Why ????

 

Observation From Chart:

 

MHC 5026

 

a) Major Trend still in bullish mode

 

b) It has breakout from the channel ! And Now Lurking At Support Area On Previous Gap.

 

c) Wisely Trade On Support Area And Be Ready To Cut Loss Below It ( Keep The Risk Small )

 

d) If the Support Area Broken Estimated Area To Buy On Dip Is At 1.330 -1.240

 

 

Suggestion :

 

"Buy On Support Area And Keep A Small Risk"

 

" Buy On Dip "

 

Where To Buy This Stock Again ??

 

Here is some price options to think off :

 

1. =/> 1.60 - 1.68 +-

2. =/> 1.330 -1.240 +- ( Best Price )

 

 

Remember to do risk management criteria ok ( 2% / 3% / 5% ) Suit yourself

 

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