April 9, 2014 Singapore Stocks Analysis
Moses’s Stocks Corner at amibrokeracademy.com.
Golden Agri-Resources Ltd, E5H
Yesterday, April 9, Golden Agri Resources, stock code E5H has the top volume in the MACD Stocks Scan result. It was traded 127,082 K in volume and carried a MACD Cross-up signal. The price closed $ 0.61. It has a big move up.
If you were recalled, April 3, 2012 was the peak since 2012, the stock price closed at $ 0.795. Since then the stock price has been staying south. The further south was in August 13, 2013, the stock price closed at $ 0.505. Sigh!
Now will this the end, Golden Agri has decided to move North and prefer to stay North for the rest of the year. Will See.
The analysis give positive note of the stock, and it will be only proven wrong when it could not breakout of the resistance.
Technical Analysis.
You could see a double bottom formed from a two years stock chart. There is also a possible cup and handle pattern where price action is at the neckline. So, $ 0.60 is a very important mark. If the breakout if confirm and the price can continue travelling north. This will be good for Golden Agri Resources, otherwise this stock can be challenging.
See the charts for more details, a picture is worth a thousand words.
Golden Agri Two Years Chart.
Two years data, Golden Agri Resources, E5H from Mar 2012 till Apirl 2014.
Golden Agri April 9, 2014 chart
April 9, 2014 Golden Agri Resources, E5H Chart
Golden Agri April 9, 2014 chart with Fibonacci
April 9, 2014 Golden Agri, E5H Daily Chart with Fibonacci
Moses
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