Friday, May 18, 2012

Golden Agri (technical)

Golden Agri: the trend is negative now, with share price trading below the key indicators, and the key indicators all starting to hook down. The steadily declining RSI and MACD indicators also suggest further near term downside. Using chart symmetry, a break below the $0.62 support could see the stock test its 2-yr lows of $0.48 over the medium term.

No comments:

Post a Comment