On Wednesday, Golden Agri re-tests the support at $0.57 and closed at $0.59 with LOW volume of 48.34 million shares traded.

Both RSI & MACD are bullish as MACD about to perform a golden cross.

Important Resistance of Golden Agri: $0.60

Immediate Support of Golden Agri: $0.57

Currently prices are resisted by 20 days MA at $0.60.

Since 25/Feb, prices have been trending downwards forming a lower high and lower low. This is a bearish signal.

The resistance at $0.60 is expected to be strong.

Golden Agri displays a long term bearish trend as prices have been falling since Jul 2012. However if really interested, we can consider to buy on breakout of $0.60 resistance.

Stock Chart: Golden Agri! is contributed by : Singapore Stock Information Exchange