
genting^2 ( Date: 11-Jan-2011 09:36) Posted:
|
just some personal opinions. i might be wrong.
any 高人 can comment please do so.
genting^2 ( Date: 11-Jan-2011 09:36) Posted:
|
I think people think it is cheap to buy in now and hoping for a rebound.
Technically speaking, it already cross the line and it is downward trend.
Furthermore, yesterday closing of US, Europe markets all in RED. The bet is yours.
Might queue at 0.76 or lower.
genting^2 ( Date: 11-Jan-2011 09:32) Posted:
|
Shortist at work again.
Dump before it is too late. MACD line crossed, downward trend.

Tropical ( Date: 17-Nov-2010 14:51) Posted:
|
Our pivot point stands at 0.773.Our preference: as long as 0.773 is support look for 0.878. Alternative scenario: the downside breakout of 0.773 would call for 0.738 and 0.718.
Comment: the RSI is above 70. It could mean either that the stock is in alasting uptrend or just overbought and therefore bound to correct (look forbearish divergence in this case).
The MACD is positive and below its signalline. The stock could retrace in the short term. Moreover, the stock is aboveits 20 and 50 day MA (standing respectively at 0.78 and 0.75).
Golden Agri-Resources is currently trading near its 52 week high reached at 0.83 on 04/01/11.
Supports and resistances: 0.898 *0.878 **0.857 0.805 last 0.786 0.773 **0.738 *
// TRADING CENTRAL is a commentary service specialising in technical analysis. //
I think steam is running out on Golden Agri.
http://mystocksinvesting.com/singapore-stocks/goldenagri/golden-agriculture-beware-of-reversal/
Technical Comment from CIMB
• Prices are forming a small bearish wedge pattern within its uptrend channel.
Prices should nudge higher towards its wedge resistance at S$0.83-0.84 to
complete this pattern.
• As we are now seeing clear signs of a slowdown in buying momentum, we
would advise against buying right now. The failure of its RSI to even reach the
overbought levels suggests that the bulls are probably on its last leg.
• The stock is still a technical sell in our opinion. Use any rallies into the S$0.81-
0.83 levels to sell or take profits. A break below S$0.785 would likely confirm
that prices are heading lower to close the S$0.71-0.72 gap, followed by S$0.67
next. As long as prices do not take out the S$0.86 resistance, our bearish view
remains intact.
Life Is Great
calculus1985 ( Date: 02-Jan-2011 14:11) Posted:
|
calculus1985 ( Date: 02-Jan-2011 14:11) Posted:
|
There will be news makers every single day to churn market noise, greed and fear for investors (& paying news subscribers) to lap it up.
A trend is for real, follow it closely and steer your sails according to its direction.
Just some of my noobie thoughts hehe....