On Thursday, Golden Agri re-tests the critical resistance at $0.60 and closed at $0.60 with HIGH volume of 0.134 billion shares traded.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Golden Agri: $0.60
Immediate Support of Golden Agri: $0.59
Currently prices are well above 20/50/100/200 days MA.
Today prices broke the critical resistance at $0.59 with high buying pressure. This is a bullish signal.
The resistance at $0.60 is expected to be strong.
We do not suggest buying now as it is under heavy selling pressure. Watch for any ease of selling at the support of $0.52 before entry will be better idea.
Important News
CapitaLand Ltd. (C31.SG) 3Q net profit fell 8.7% to S$135.5 million compared with S$148.5 million a year earlier due mainly to lower portfolio gains.
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