Yesterday (24 April 13), Golden Agriculture stock registered almost a 5% increase in its stock price from $0.525 to $0.55. This increase came after a large shareholder acquired more of the stock shares. With yesterday’s performance of Golden Agriculture, the RSI of the stock has headed from the “Oversold” level. I added more shares of Golden Agriculture stock when its stock price was battered down as my strategy has always been on buying good fundamental oversold stocks as I believe stock prices will go up again from the low prices. Just before the good performance of Golden Agriculture, an analyst has given a “Sell” call for the stock, setting the target price at $0.55.
I am not naming the analyst firms but what I have discovered is that some stocks perform the opposite in tandem with the calls of some stock brokerages. When they say “Sell”, the ......
Thanks for sharing. In your opinion, for how long should one hold to the Golden Agri stocks?