The falling crude oil price has dragged down the demand for palm oil and we are seeing palm oil related stocks tumbling to fresh year lows.  From Jakarta to Kuala Lumpur and to Singapore, the stocks in this sector were mercilessly mauled by the bears following the huge decline in crude palm oil price. Golden Agri, an Indonesian company listed on Singapore Exchange main board was one of them. A very rare top formation known as the diamond pattern was formed by July 2008, the price broke out of the price pattern and the price has since decreased from the high of $1.23 to the low of $0.30 on 16^th Sept 2008. At the same time, there was a bearish signal on the GMMA indicator indicating that this breakout to the downside may be the start of a downtrend for this stock. Any relief rally in the stock may be capped at $0.545 and a major resistance stands at $0.640. If we check on the charts of the stocks belonging to the same sector, it is interesting to observe that most of them had formed a diamond formation prior to the decline. This is a classic setup and the most obvious clue an investor can ever ask for, is when we see the same technical weakness in most stocks of the same sector.