Plantation stocks starting to take flight?!

Two weeks ago, I posted on the start of CPO uptrend. Now we can see that the Plantation index is poised to break above its intermediate downtrend line. See Chart 1.



Chart 1: Plantation index's weekly chart as at Nov 16, 2013_3.30pm (Source: Quickcharts)

Below are a few plantation stocks that are moving higher - drawing strength from the uptrend in CPO. They are:

1) SOP


Chart 2: SOP's weekly chart as at Nov 16, 2013_3.30pm (Source: Quickcharts)

2) IJMPLNT


Chart 3: IJMPLNT's weekly chart as at Nov 16, 2013_3.30pm (Source: Quickcharts)

3) GENP


Chart 4: GENP's weekly chart as at Nov 16, 2013_3.30pm (Source: Quickcharts) 
Note: GENP had started moving earlier on reports that its land bank is well-located and could be converted to property development.

Note: 
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, SOP, IJMPLNT & GENP.