Rimbunan Sawit Bhd (RIMB.KL) (2)

Overview:

Rimbunan Sawit Berhad (RSB) is engaged in the business of investment holding and the provision of management services. The Company through its subsidiaries is engaged in cultivation of oil palms. It is a palm oil producer and processor of crude palm oils and oil palm seeds. 
During the year ended December 31, 2011, the Company acquired 100% interest in Burung Tiong Helicopter Sdn Bhd. 
As of December 31, 2011, the Company owns approximately 91,793 hectares (ha) of plantation land in Miri, Kuching and Sibu, Sarawak. 
During 2011, the Company acquired an additional 15% interest in Nescaya Palma Sdn Bhd (NPSB), Woodijaya Sdn Bhd (Woodijaya), Novelpac-Puncakdana Plantation Sdn Bhd (Novelpac) and PJP Pelita Biawak Plantation Sdn Bhd (Biawak). 
On December 30, 2011, the Company acquired a parcel of land with oil palm plantation from Sheba Resources Sdn Bhd. 
In July 2012, the Company acquired RSB Palm Oil Mill Sdn. Bhd.

Trading Plan:

1) Trendline - Still above 20MA, waiting for 50MA breakout at RM 0.885
2) Volume: High but not consistent
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 51.9%. RSI still in waiting to break up or goes below 50%.
5) Support/Resistance: Supported at RM 0.825. Resistance at RM 0.885(50MA) & RM 0.94(100MA).Today close RM 0.845
6) Beta: 1.53
7) Candlestick: -
8) Pattern: Bullish after breakout at RM 0.885

Trading Plan 1:
Entry: RM 0.845
Profit: RM 0.885
Cut loss: RM 0.825
RRR (Risk to Reward Ratio)> 1 : 2

Trading Plan 2:
Entry: RM 0.845
Profit: RM 0.94
Cut loss: RM 0.825
RRR (Risk to Reward Ratio)> 1 : 4.5

Scenarios Analysis:
1) Break above 0.885 on the next following day
2) Retrace to 0.825 and then incline back to test the 0.94
3) CNY plantation stocks rally?

Tok