
All the plantation counters have high potential of profit inflation, tax evasion, farmer exploitation, "No Green No Peace" Culprits ? ? ? ?
Today rebound a bit is normal as yesterday drop too sharply. If support break, then action will start again. See if STI can support >2775 today but think now resistance is stronger than support. More forceselling & margin calls may come as many are hurt.
Hmm today Golden Agri is still hold onto 0.515 support but cannot break resistance as well.
Basically still at consolidation stage.
Comrade, your view is fine. AK cleared mine 100 liao, time r bad.
But be ware, Chinese wise saying 净信书,不如无书也。Simply, if fully trust the book, myself dun hv d book.
It depends on the closing for DJ, seem to rebound from -148 back to -48 just now. The strong resistance now is around 0.56, but if didn't rebound my short signal is around 0.515, if continue to break 0.49, downtrend confirmed.
I base on my own chart reading and indicators as taught by my teacher. Just draw the support & resistance line to get a clearer picture.
AK_Francis ( Date: 20-May-2010 01:53) Posted:
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Far sighted man, great. Wat px to Q now for tomorrow shorting?
As DJ now in red ard 70 n CO future is 68?
How u derives the so-called support line, as most MFT said in articles? Any basis?
I think the nearest strong support of 0.525 has been broken today and close low, starting tomorrow can short liao! If break next support of 0.49, then "gone with the wind".

Ha ha, opines that, looking at CO n CPO r better gauge for further action loh. AK view only, dun follow.
I think immediate support is 0.495cts...just hit 61.8% then...
lowchia ( Date: 19-May-2010 23:42) Posted:
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Today
Golden Agri managed to hold onto its important technical support at
$0.515 despite HIGH selling down VOL of 0.11 billion shares.
A long black bearish candlestick with little upper shadow at support level point out that there is enough selling pressure to keep this counter in consolidation stage in short term. But look out for the support at $0.515 & 200 days MA (around $0.51) to see if it can hold. Do not encourage to trade this counter since direction is unclear.
SEE CHARTS & ANALYSIS FOR GENTING!
Important Resistance of Golden Agri: $0.545
Immediate Support of Golden Agri: $0.515
Major Support of Golden Agri: $0.49
Just my 2 cents for expert's reference!!
i aiming for 0.60, if market remains stable..
0.58 akan datang......
I also bought some.
I see quite a few transactions for 1 lot 1 lot 1 lot @0.555
Somebody being funny?
Going to be hot today again, buying up don't miss
Time will tell... however, GAR always prove us that small news won't affect his stock performance.. moreover, given the strong y-o-y growth of its revenue and profit... it's very unlikely..
hlfoo2010 ( Date: 13-May-2010 10:11) Posted:
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Good stock good result based on history, for further invest in this stock, any comments and impacts the follow news
"Spanish biofuel and energy producer Abengoa Bioenergy has joined major consumer product companies Unilever NV(UN) and Nestle SA (NESN.VX) in cutting off palm oil purchases from Indonesia's Sinar Mas Group until the palm oil producer can prove it fully complies with sustainability policies. "
Ha ha, AK opines that it is not early to catch the fish, once result announced. Its much viable to anticipate, by looking ard n hook the fish.
rabbitfoot ( Date: 12-May-2010 21:25) Posted:
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Good play!

After seeing the result, jumped in to buy 50 lots at 0.545. Compared to First Resourced which DBS issues Buy call today at 1 plus, this GAR is miles ahead...
Yr high of 0.655, 0.59 reachable, a 10% ride, as no other perk given. Could be good grd for shortist, early birds catch the worms loh.