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
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.
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