Shares & Derivatives
Stock Chart: Golden Agri, SPH!
By Dou  •  March 30, 2011

On Wednesday, Golden Agri re-tests the support at $0.685 and closed at $0.695 with HIGH volume of 90.6 million shares traded.

Separating lines occurred.  If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue.

Both RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Golden Agri: $0.715

Immediate Support of Golden Agri: $0.685

Currently prices are supported by 20 days MA.

Today Golden Agri broke the resistance at $0.685 with high volume and we are unhappy about the white candle stick with upper/lower shadow to indicate the weakness of the rally.

Ahead will be the key resistance at $0.715 and it is expected to be very strong.

Our ideal entry price will be at $0.65 support since it is near the 200 ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance