On Friday, Golden Agri re-tests its support at $0.755 and closed at $0.77 with HIGH volume of 0.12 billion shares traded.

A black candle stick with long lower shadow affirms that bulls are attempting to push the prices up as it approaches the major support.

RSI & MACD are bearish as RSI remains trending downwards.

Important Resistance of Golden Agri: $0.78

Immediate Support of Golden Agri: $0.755

Currently prices are supported by the 50 days MA at $0.755

For past 2 days, Golden Agri has been under heavy selling pressure as investors took profit on the recent gains.

Support at $0.755 is expected to be strong thus we could look for consolidation at that level.

If interested, do consider to enter around $0.755 support level. This support should be able to hold assuming that the up trend can be sustained.

On Friday, ...