Golden Agriculture stock released a set of better financial results yesterday, boosting its stock price by 2.8% to $0.37. A “Hammer” stock candlestick formed for Golden Agriculture stock yesterday and the RSI seems to want to trend up from the oversold region. The $0.365 price support might have been broken from yesterday’s move of the stock and if that is so, the stock might trend up higher from where it was yesterday. However amidst the current stocks markets backdrop, I would wait for a clear trend to emerge before entering into a more sustainable buying trend for the stock.

I mean currently, there are many good stocks trading at their lows and Golden Agriculture stock needs not be the only option. Golden Agriculture stock is only just a little away from the 200-days-moving-averages and if this moving averages is crossed down from below, similar to Nov 2015, …