Golden Agriculture stock went 3.1% lower yesterday, closing at $0.62 after JP Morgan gave the stock an “underweight” rating with a target price of $0.50. I have told you readers that I have recently accumulated the stock at $0.665 after a technical indicator which I have been using and which proves reliable gives an “entry point.” Hence currently I am almost 7% south on Golden Agriculture but I am not worried as Golden Agriculture is an attractive trading play hence should this stock continues to move south, I will look for a good timing to buy more of this stock. Crude palm oil price recovery looks “muted” according to JP Morgan, but I believe that the price should come out from the doldrums in the future as we are living in a world of dynamics.
I am not a bit perturbed at looking at my ......
