Now at 0.415 !!! More upside?
Sent: Friday, October 23, 2015 3:31 PM
Subject: ******** Golden Agri: Potential breakout play..... 0.39 - 0.40 resistance key... price 0.385
Subject: ******** Golden Agri: Potential breakout play..... 0.39 - 0.40 resistance key... price 0.385
Golden Agri has consolidated below 0.39 for more than 2 week with some support found at 0.37 for now which seems to be holding really well. We can expect more upside if the 0.39 – 0.40 resistance gets taken out with a target to 0.44 then 0.47 likely. 20 day MA line has just crossed above the 100 day MA line as a sign of strength and trend reversal occurring. 0.39 resistance also coincides with the 200 day LONG term moving average line so moving above is a 2nd positive for more trend confirmation.
Sent: Tuesday, October 06, 2015 9:12 AM
Subject: ******** Golden Agri: A breakout seen... more upside like if volume maintains.... price 0.365
Subject: ******** Golden Agri: A breakout seen... more upside like if volume maintains.... price 0.365
As per yesterday’s call, seems like a firm breakout on top 10 volume with a move toward the 0.400 psychological resistance level. Will be good to take profit as it nears this level where resistance will be capped at 0.400 for now.
No comments:
Post a Comment