Heading towards our 0.45 target next?
Sent: Thursday, March 10, 2016 10:39 AM
Subject: ***************** Golden Agri: A breakout above the KEY 0.400 resistance can start to see some strength, price 0.405
Subject: ***************** Golden Agri: A breakout above the KEY 0.400 resistance can start to see some strength, price 0.405
Golden Agri has been slowly trading upwards forming higher lows since Dec with it supported above the channel support line. We have seen some resistance at 0.400 over the past week but today a move above on above average volume can potential mean something. May start to head towards the 0.45 resistance then 0.50 if the 0.400 were to hold now. 20 day MA line still sloping upwards firmly with prices maintained above it for more than 2 months which is a good signal. A breakout above 0.45 would be a key positive too. Stop loss can be at 0.385 for any long positions now.
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