Watch the hog prices in Vietnam. Vietnamese minister already met with Chinese counterpart to export pork. Ukraine and Russia might import from Vietnam as well.
Yes I would like to see it test .480-.515 before any action. Seems like the share price is hanging on the direction of the global economy. There seems to be some support at this level but I think it is really sensitive to swine glut and broiler price movement news at this point.
My take is that it will stay this way for awhile as markets test their confidence and has further downside. Feel it's better to trade on trend then hold in current uncertainty.
If you're vested, all I can say is eat more charsiew sio bak and hope.
Think currently, theres a lack of buying demand with attempts of BB marking up in prices. So yeah unless the btm range of .053 - .052 is tested with a clear sign of lack of selling pressure (supply) then there would be a chance for them to be pushing the price up
Watch the hog prices in Vietnam. Vietnamese minister already met with Chinese counterpart to export pork. Ukraine and Russia might import from Vietnam as well.
Yes I would like to see it test .480-.515 before any action. Seems like the share price is hanging on the direction of the global economy. There seems to be some support at this level but I think it is really sensitive to swine glut and broiler price movement news at this point.
My take is that it will stay this way for awhile as markets test their confidence and has further downside. Feel it's better to trade on trend then hold in current uncertainty.
If you're vested, all I can say is eat more charsiew sio bak and hope.
Reply to @clemcnewbie : Next week see can eat more charsiew, sio bak or not
Think currently, theres a lack of buying demand with attempts of BB marking up in prices. So yeah unless the btm range of .053 - .052 is tested with a clear sign of lack of selling pressure (supply) then there would be a chance for them to be pushing the price up