Shares & Derivatives
Stock Chart: Golden Agri!
By Dou  •  July 24, 2011

On Friday, Golden Agri re-test the resistance at $0.73 and closed at $0.73 with HIGH volume of 0.108 billion shares traded.

A white candles stick with no upper/lower shadow affirms that the bulls have no hesitant in buying the stocks at higher price.

Both RSI & MACD are bullish though as RSI near overbought region.

Important Resistance of Golden Agri: $0.73

Immediate Support of Golden Agri: $0.715

Currently prices are above 20/50/100/200 days MA.

Prices broke the critical resistance at $0.715 resistance with high volume and closed right at another resistance at $0.73

The resistance at $0.73 is expected to be very strong and would need another strong breakout to go above this level.

Crazy to enter now, instead watch for the resistance at $0.73 if vested as profit taking will be well expected.

Stock Chart: Golden Agri! is contributed by ...

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By Dou
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