The Supply Chain and Demand is Back.
MARKET WATCH :
Hi Malaysian traders,
Hoping everybody is well and fine.
This company is not really effected much due to pandemic Covid-19. In my opinion, the demand of food is always there, because that is human fuel to get every day. Without foods, we'r out...
Back to my theory, the supply chain is back in normal.. the momentum is getting back.. but not really fast. It still takes times, to recover back. As long this company still holding a good cash flow and the demand is running.. the market will sustain and excepted to back to North.
Foresee this market can get into 0.65-0.70 in this coming days or weeks. Seen a strong supports has been built.. But it has to fight back the bearish resistance, and expected to bounce back down for a while..
Hi Malaysian traders,
Hoping everybody is well and fine.
This company is not really effected much due to pandemic Covid-19. In my opinion, the demand of food is always there, because that is human fuel to get every day. Without foods, we'r out...
Back to my theory, the supply chain is back in normal.. the momentum is getting back.. but not really fast. It still takes times, to recover back. As long this company still holding a good cash flow and the demand is running.. the market will sustain and excepted to back to North.
Foresee this market can get into 0.65-0.70 in this coming days or weeks. Seen a strong supports has been built.. But it has to fight back the bearish resistance, and expected to bounce back down for a while..
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