On Wednesday, Golden Agri re-tested the resistance at $0.69 and closed at $0.69 with LOW volume of 67.59 million shares traded.

A white candle stick with long upper/lower shadow affirms to the instability of the rally as investors are unsure of its direction ahead.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Golden Agri: $0.715

Immediate Support of Golden Agri: $0.69

Currently prices are resisted by 20/50/200 days MA at $0.69

From the chart, ascending triangle can be spotted forming a higher low as it approaches the critical resistance at $0.715.

The critical resistance at $0.715 is expected to be strong and likely that investors will take profit near that level.

If possible, we would prefer to buy at $0.645 support otherwise buying on breakout of $0.715 resistance would be a better idea.

On Wednesday, ...