Win a fresh Apple iPad 2!

What’s a fresh drink without a fresh look? Marigold PEEL FRESH is celebrating their 25th Anniversary with a range of limited edition packs! And we want you (yes you!) to be part of the fresh face on these juicy packs!


Calling all Singaporeans of all age, gender and walks of life! Send in your Fresh designs and stand a chance to win a fresh Apple iPad 2! Winning entries will be splashed over the 25th Anniversary limited edition packs and the results will be announced at the Fresh at 25 Party on 29 July, 2011!

The Fresh at 25 Party will be a closed door event with celebrities and DJs, so send in your designs to celebrate the juicy goodness and add a fresh face to Marigold PEEL FRESH!

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Golden Agriculture: Strong resistance.

I am still bullish on the long term fundamentals of crude palm oil. The more robust demand for the vegetable oil in emerging economies, especially in China and India, will provide a floor to any correction in price.

A correction? Yes, prices do not go up in a straight line. If prices do move higher, they climb a wall of worries.

The share price of Golden Agriculture is finding it hard to move higher than 68.5c in recent sessions. If we take a look at the daily chart, it becomes clearer why this is so. 68c is where we find the merged 20d, 50d and 100d MAs.

Volume has been relatively thin and we have to bear in mind that share price is moving closer towards the apex of a symmetrical triangle. If volume does not increase with an accompanying push to move price higher, we might see support at 66c broken and price moving lower.

If price were to retest support at 66c, I could buy more shares in the company but it would be a smallish purchase in case price were to move higher. A trend is not over until it is over, after all.

In the meantime, keep an eye on the strong resistance at 68.5c. If that were to be taken out convincingly, we could see 70c next.

Related post:

Golden Agriculture: A steeper trendline resistance.