On Friday, Golden Agri broke the critical resistance at $0.715 and closed at $0.73 with HIGH volume of 82.95 million shares traded.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Golden Agri: $0.755
Immediate Support of Golden Agri: $0.715
Currently prices are supported by 100 days MA at $0.715
Today Golden Agri broke the resistance at $0.715 with slightly higher volume though we are not really satisfied with the buying pressure.
$0.715 support is expected to be very strong.
But we would not encourage to buy now especially at such high prices. Watch for any pullback to $0.685 will be a better entry prices.
On Friday, Sembmar …