Hello everyone,
These past few months have been incredibly busy. The market’s activity has been lively, and I’ve found myself juggling trades, meetings, and travel. Sometimes, I wish I had an extra pair of hands to keep up with it all. 🙂
I wanted to share a brief technical update about two companies that have been making waves in the charts recently: China Aviation Oil (CAO) and Olam.
A) CAO inches past its 50-day simple moving average (SMA) by $0.01 for the first time since November 5th
CAO is catching attention because its share price has climbed over the past three days, with volume on the rise as well. On December 3rd, CAO’s stock closed at $0.910, marking a two-week high in trading volume.
Additionally, here are a few other key points worth noting:
1) China has seen outbound travel reach 96% of pre-pandemic levels by October 2024.
According to this site (click HERE), outbound travel from China has remarkably rebounded, reaching 96% of what it was before the pandemic as of October 2024. In the 1HFY24 results, CAO…
