Call issued yesterday at 0.39, NOW AT 0.37 ! More weakness ?
Sent: Wednesday, July 08, 2015 4:26 PM
Subject: ********** Golden Agri: Breakdown below 0.395 - 0.400 can see more weakness, cautious long, price 0.39
Subject: ********** Golden Agri: Breakdown below 0.395 - 0.400 can see more weakness, cautious long, price 0.39
Golden Agro has consolidated sideway above the 0.400 psychological support level since March and finally to day we have seen some actions as it breakdowns down below the 0.400 support level on a weaker market on stonger than average volume too. Note that more weakness in the general can see it go down lower to find a new support probably around the 0.35 level. Both longer term 100 and 200 day MA lines are pointing downwards with Stochastic also reversing down strongly on today’s price action. CFD SELL can be use to ride any downside as long as 0.400 holds as the new resistance now with buy stop loss set at 0.415.
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