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Hi , how do you interpret that it is breaking out ? pls share.
Chart showing its on the verge of a breakout. Todays uptrends is additional evidence that it is likely to break away northwards anytime soon.
Closed $0.94 today. Seems like there is a pattern on this stock. Will it reach $1.05 again then drop back to 0.80 range?
I vested at $0.92. Anyone got any opinion?
If DJ don't jitter tonite, tomorrow hoe shei leow, for most counters. But guarantee on Thu and Fri as there are still many things from BBs to be announced such as Citi, JP and Merrill Lynch etc
Investor38 pls keep us updated on the situations for tomorrow ok?
seems to be a resistance at 0.945 don't know why.... proberly tommorrow this counter turns to run instead of first resource.
Palm oil futures moving up again. There may be last minute buying instead. Fundamentals still good. don't worry. .94 cents for this counter is certainly low compared to Indo-agri now. Probably will move only when Wilmar moves.
its profit taking time.
don't know enourgh time for the breakout or not.
Yes Dow is important. But more important is CPO prices. Deliberate blocking at .95cents. To frighten small players to sell at 0.945 cents. Watch for sudden pull out of sell vol. later on.
hope it breakout soon.
Maybe tommorrow will up somemore for this late "bloomer" IF Dow not DowN.
Just had a look at Goldenagri chart. If .95 cents broken today, break out confirmed and expect run up to about 1.05 cents (next resistance level)
Don't worry, there will be more waves of buying soon. Don't sell too soon. The upswing just started.
went up fto .95 for a brief moment and came down
I expect resistance at .98 cents to be broken soon. Just look at palm oil futures. This counter is always a laggard among all the palm oil counters. As I said before when CPO prices was 2100 to 2200 same time last year golden agri was about 66 to 72 cents. Simple calculation will tell you that with increasing demand and CPO prices at current levels, palm oil company are raking in. Share prices are not moving in tandem, because those in the know are suppressing it.! That is my opinion. Vested
Slowly overcoming all resistance to GO UP!
The resistance is broken but wonder why it hadn;t gone further then $0.94 like indo agri and first resource...scratching my head...
Last week when CPO futures were much lower. Golden agri went up to .98cent. Now CPO prices is much higher than last week, what do you think Golden agri's price should be? Just food for thought. Somebody is deliberately suppressing the price. Wonder why????
Indoagri broken resistance line. Volume distributions shows BIG VOL buy up. BB collected enough. Letting price move up now. As long as fundamental is good don't worry. Prices have been suppressed to long in relation to CPO future prices.