Follow Up *********************** Bearish Setup: Golden Agri - May still head lower to 0.500.... That's where Long positions can be ready to PREPARE for any Technical Rebound, price 0.52 (Repost - NOW 0.51)

Almost reaching our SELL Target at 0.500……..  Time to accumulate NOW ?

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Sent: Tuesday, July 01, 2014 2:19 PM
Subject: ************************* Bearish Setup: Golden Agri - Broke immediate suport level at 0.555... CFD SELL opportunity.....

Sell Entry: 0.545 to 0.55

Target: 0.50

Stop loss: 0.575

Reason: Clear break below 0.555 immediate support level that held since March this year. Have also broke below the 200 day Longer term MA support line at current levels. More downside to 0.500 likely if the 0.54 temp support fails to hold too… CFD sell position to ride the downside.. for those looking to accumulate long positions for any rebound can do so from 0.50 to 0.515 level to catch any potential rebound back up. Stochastic and RSI indicators both looking bearish at the moment.