Moses’s Singapore stock analysis.Golden Agri Resources, Stock Code E5H
One of the Singapore hottest traded stock. The price action has stayed around $0.730 and $0.745 for sometime. How long more the price action will remain at this level? One week? One month? Six months? Or even longer? Who’s know?
Our previous update has indicated Golden Agri has an inverted head and shoulders chart pattern. However, the price action has stayed at the neckline for sometime. So, what’s next? In TA the chart pattern will valid till when it fails. See the earlier posting for more information.
Golden Agri Resources Daily Chart
Golden Agri, E5H Daily Chart, January 30, 2012
Inverted Head and Shoulders Pattern.
January 14, 2012 posting for comment. See the chart here for quick reference. Have fun!
Golden Agri E5H Daily Chart - Inverted Head and Shoulders, January 13, 2012
Moses, February 1, 2012
DSICLAIMER
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