January 13, 2017

Singapore Stock Analysis

E5H | Golden Agri Resources Stock Analysis

Price action bounce off the 34 EMA wave, 34 EMA Wave is pointing on between 2 to 3 o’clock direction. It is still bullish, except might me ranging.

From an ABCD chart pattern, there is a potential up side and may reach between 49 cent to 50 cent.

We see a triple top follow a pullback and supported by the 34 EMA wave.

January 13, 2017 Golden Agri Resources Daily and AB=CD Chart Pattern

E5H | Zoom In for Golden Agri Resources

After the triple top, the price action pullback. Where can the CD leg land? If AB=CD pattern does not fail, at least the price action can land around 49 to 50 cents.

Picture shows (worth) a thousand words.

January 13, 2017 Golden Agri Resources Daily and a Zoom In for CD Leg 

Moses Stock Desk

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