On Tuesday, Golden Agri re-tests the support at $0.57 and closed at $0.575 with HIGH volume of 99.8 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 supported by 20 days MA at $0.57.
Since 2/May, prices have been trending upwards forming a higher high and higher low. This is a bullish signal.
The support at $0.57 is expected to be strong.
Despite STI falls 0.94% today, Golden Agri still managed to close positive with a white candle stick. This affirms on the bullish of the investors and they have no qualm on buying the stocks now. We suggest to monitor at the support at $0.57 since it could be a good entry price.
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