Monday, November 30, 2015

Golden Agri: A downward reversal on the Cards as mentioned?

Now at 0.345, let’s see if 0.33 holds too….

Sent: Thursday, November 12, 2015 3:00 PM
Subject: *********** Golden Agri: Support at 0.365 being tested, cautious long... price 0.36
GoldenAgri has been supported above the 0.365 for about a month and today we are some weakness with strong volume below this key support. 20 day MA starting to reverse downwards again after trending upwards for more than a month. May see a target to 0.33 then 0.30 on a clearing of the 0.355 buyers as well. Watching closely. MACD has staged a bearish crossover and turning below the zero mark soon which can see more selling momentum. Cautious long. CFD SELL to ride any downside possible with buy stop loss at 0.38.

No comments:

Post a Comment