On Tuesday, Golden Agri re-test the support at $0.64 and closed at $0.64 with HIGH volume of 0.192 billion shares traded.
Both RSI & MACD are bearish though RSI in oversold region.
Important Resistance of Golden Agri: $0.665
Immediate Support of Golden Agri: $0.64
Currently prices are well below 20/50/100/200 days MA.
Since 18/July, prices have been trending downwards forming a lower high and lower low. This is a bearish signal.
The support at $0.62 is expected to be strong.
We suggest to monitor Golden Agri in this week for any signs of easing on selling pressure if interested. Do consider to buy at $0.62 as bulls are expected to start coming in around that area.
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