Golden Agri-Resources Ltd Stock Analysis
Nearly a year ago, the price was at the high at 62 cents. The price retested the high again. The price got rejected by the resistance, since then the price has slopping down and travel south.
Now, the price seems to get supported. The price action has formed double bottom. The 50 MA is about to cross 100 MA. When the Golden Cross does complete, the stock will really begin the reversal after nearly 12 moths. But, but be aware of the significant level, support turn resistance and may be resisted the price reversal.
Buy only when bullish chart pattern completed. If the price retest the significant level, please take profit.
May 29, 2015 Golden Agri Resources
You can previous Golden Agri posting on the website here.
Thanks for visiting the website.
Moses
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