On Thursday, Golden Agri re-tests the support at $0.61 and closed at $0.625 with regular volume of 96.95 million shares traded.

A white candle stick with long upper/lower shadow affirms that the selling has eased as prices approaches the critical support at $0.61.

Both RSI & MACD are bearish as RSI in oversold region.

Important Resistance of Golden Agri: $0.72

Immediate Support of Golden Agri: $0.685

Currently prices are resisted by 200 days MA.

On 17/Feb, the critical support at $0.685 was breached with high volume and triggered heavy selling pressure.

Prices have re-tested another critical support at $0.61 for past 2 days and it seems prices can be hold at this support in short term.

Although the support at $0.685 is expected to be very strong, however the recent falls in prices spell a very bearish signal for the investors.

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