Dear all It has been an extremely hectic couple of months. Markets have been extremely buoyant and I have been swarmed with trades, meetings and trips. If only, I have another pair of hands. 🙂 Anyway, just a short technical note on two companies, namely China Aviation Oil (CAO) and Olam which have seen bullish developments in their charts.

1. A) CAO closes $0.01 above its 50D SMA, first since 5 Nov

CAO is interesting as the increase in the share price in the past three days was accompanied with an increase in volume. CAO closed at $0.910, accompanied by a two-week high volume on 3 Dec. In addition, some other noteworthy points are 1) China outbound travel hits 96% of pre-pandemic level in Oct 2024 With reference to this website (click HERE), China outbound travel has hit 96% of pre-pandemic level in Oct 2024. In 1HFY24 results, CAO cited a report published by The Civil Aviation Administration of China, the international air passenger demand in China...