Wednesday, 11 September 2013

KENCANAAGRI BOTTOM FOUND AT $0.24?

We have been watching Kencanagri since Wilmar acquire a strategic stake in it back to 2010. KencanAgri hit a high of $0.475 in 2010 and since then has been in a downtrend and retraced 50%. Will the support be found at $0.24 for its to rally back towards 30cents. CPO prices remain firm for recovery towards 2014 and remain at healthy levels.

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