Dairy Farm hits another 18-month high on 27 Jan 2017. It has risen consecutively for the past six trading days and has surged 13.3% from an intraday low of $7.28 on 20 Jan 2017 to $8.25 on 27 Jan 2017. This has significantly outperformed the STI, as STI was only higher by 2.0% over the same period. How high can Dairy Farm go? Read on below for its chart analysis… Chart analysis Based on Chart 1 below, Dairy Farm is on a strong uptrend, as depicted by its upwards sloping exponential moving averages (EMAs). All the EMAs are rising. However, there are some noteworthy points.

2017. a) RSI closed 87 on 27 Jan 2017. This is the highest level since 1990 and indicates extreme overbought conditions;
2018. b) Dairy’s Farm supports are spaced quite a distance away from one another. Typically, a cluster of supports (i....

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