Monday, December 21, 2015

Golden Agri: A rebound from support levels caught!!! Did you manage to lock in some long positions as mentioned last monday morning?

Hit a high of 0.35 today…. What a rebound seen today…. Price 0.35 as of now…

Sent: Monday, December 14, 2015 10:47 AM
Subject: ********* Golden Agri: Pushing lower again but there may be an opportunity to long soon..... price 0.315
As per previous sell call last week, we are still seeing weakness in Golden Agri with it hitting a new low at 0.315 today. Looks set to head towards the 0.28 – 0.30 support level where we may expect a technical rebound from there. Those looking to lock in some positions to catch any rebound can scale some trades near this support level with stop loss below in case of a further breakdown. Have found a support in August around the 0.28 level so that would be the next support level to watch. For now, still negative towards this support levels. Any rebound will be to 0.34 resistance for now first.

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