Golden Agri-Res    Last:0.3    +0.005

GoldenAgr

I am not confuse at all.... Only 1 direction to go.... UP...

 

ya. it is causing confusion among my thoughts and decision.

 

This goldenagr really joking... up and down... lol

 

Hopefully this means that all the shorters are out already and that they will now long. But afraid I think the price will hang at this level for some days.

Isolator      ( Date: 20-Jun-2011 13:56) Posted: Why not inteprete as someone is willing to take in at 67.5..... so what will happen later?

 

Why not inteprete as someone is willing to take in at 67.5..... so what will happen later?

 

there was a massive transaction at 9:57 whereby 49,800,000  @ $0.675.  flushing out of the shorts? 

 

I hope most have cover their shorts.... It is going up very soon...

 

Come come ... break 71.5ct....

 

On Friday, Golden Agri re-tested the support at $0.665 and closed at $0.685 with HIGH volume of 90.29 million shares traded.

Separating lines occurred. If the lines occur during an uptrend and the first line is black and the second is white then this suggests that the uptrend should continue.

Both RSI & MACD are bullish as MACD lines about to perform a “golden cross”.

Important Resistance of Golden Agri: $0.685

Immediate Support of Golden Agri: $0.665

Currently prices are resisted by 20/50/100/200 days MA at $0.685

Till now................. READ MORE

 

 

No matter what will happen on Monday and beyond, likely it will be supported at0.655/0.660.  Since it has moved up to 0.685 it can even go further to 0.700 if the market sentiment improves.

 

GuavaXF30      ( Date: 18-Jun-2011 10:04) Posted: I still feel this counter is worth holding to. But word of warning. Friday's pre-close shows 15 million shares bought up at 0.685. Before this, transaction was at 0.67/0.675. May suggest that day trader short-sellers got burnt heavily as majority of transaction for the day was between 0.66 to 0.67. There  will likely  be other shorters who use other trading programs that allow them to sell later. This may mean that Monday opening may not be  high as these other shorters may pressure the price down. Counter  may retreat back to 0.67/0.675. Just my personal reading. New123      ( Date: 17-Jun-2011 20:32) Posted: May see 70 cents and higher next week ..

 

Hope so!

New123      ( Date: 17-Jun-2011 20:32) Posted: May see 70 cents and higher next week ... tiancai007      ( Date: 17-Jun-2011 19:17) Posted: Wow. COP dropped lau sai this week, GAR still managed to raise. Impressive...

 

If the shorts scramble to cover, there may be a surge of sorts,

        not to mention possibly resulting in chasing by others.

            But that is just a possibility, though...

 

I still feel this counter is worth holding to. But word of warning. Friday's pre-close shows 15 million shares bought up at 0.685. Before this, transaction was at 0.67/0.675. May suggest that day trader short-sellers got burnt heavily as majority of transaction for the day was between 0.66 to 0.67.

There  will likely  be other shorters who use other trading programs that allow them to sell later.

This may mean that Monday opening may not be  high as these other shorters may pressure the price down. Counter  may retreat back to 0.67/0.675. Just my personal reading.

New123      ( Date: 17-Jun-2011 20:32) Posted: May see 70 cents and higher next week ... tiancai007      ( Date: 17-Jun-2011 19:17) Posted: Wow. COP dropped lau sai this week, GAR still managed to raise. Impressive...

 

U burning midnight oil on stocks... 

Gaecia      ( Date: 18-Jun-2011 00:10) Posted: *_* wat the barnacles this is!

 

*_*

wat the barnacles this is!   

 

May see 70 cents and higher next week ...

tiancai007      ( Date: 17-Jun-2011 19:17) Posted: Wow. COP dropped lau sai this week, GAR still managed to raise. Impressive...

 

Wow. COP dropped lau sai this week, GAR still managed to raise. Impressive...

 

I also " tapet" him... 

alexchia01      ( Date: 17-Jun-2011 17:02) Posted: Yes, I must say. Take my hat off to your reading. The last 5 mins Buy Up was impressive. Isolator      ( Date: 17-Jun-2011 16:59) Posted: Very beautifully buy up.... more buying and covering back next week....

 

Good call again Isolater. May  not be a straight line up, but this counter is an up nevertheless.

Isolator      ( Date: 17-Jun-2011 17:07) Posted: A more impressive closing at 68.5..... A very bullish signal established....hmmmm.... 71.5ct must break....

 

A more impressive closing at 68.5..... A very bullish signal established....hmmmm.... 71.5ct must break....