Tuesday, July 28, 2015

******** Golden Agri: Seems like a further breakdown as mentioned to clients........

Low seen today at 0.335, can it touched the 0.300 as per SELL CALL issued last Friday.  J

Sent: Friday, July 24, 2015 12:02 PM
Subject: ******** Golden Agri: Still trading below 0.400, still a negative, CFD SELL, price 0.365
Following up from previous SELL call, Golden Agri has still been trading below the 0.400 psychological support turned resistance level. Range would be from 0.36 to 0.40 now and as long as 0.400 is a firm resistance, still bearish in the short to midterm with target to 0.300. CFD SELL can be used to ride the downside as long as it trades below this level. Clearing of 0.355 – 0.36 buyers can see more weakness with MACD and Stochastic still weak and no signs of reversal as yet. Cautious long.

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