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Monday, November 11, 2019

Food Empire

3rd quarter Net profit of US$7.9m a rise of 34.4% on sales growth in Russia, Ukraine and IndoChina. The group expects business to "remain resilient" even as the global economy is projected to grow at a slower pace for the remaining part of 2019 as a result of continuing trade tensions between the US and China.


The results looks good!


Chart wise, looks bullish!
Likely to retest 55 cents again!

A nice breaking out of 55 smoothly plus good volume that may drive the price higher to 56.5 then 60 with extension to 70.

Not a call to buy or sell.
Pls dyodd.


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