Sign of Strength in the Chart: 1. Uptrend with Pullback 2. Green Pentagon high volume 3. Overtake UT Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
ENTRY: 0.210 TP1: 0.230 TP2: 0.250 SL: 0.190 - ADX>25 - RSI>65 - RS and FFI +ve - MACD daily +ve - Breakout with good volume yesterday
Justification: Potential rebound. Resistance broken with good momentum
Golden Agri-Resources Ltd (E5H) exhibits healthy volume during the up-move from the recent low at 0.225. As long as the zone is holding, price will look to retest the next resistance level at 0.31/0.345. A break below 0.26 will see price go back to the previous support zone at 0.245. Trade Set-up: EP: 0.280 TP: 0.345 SL: 0.255 Best Regards, Nour Capital -...
-Ascending triangle in monthly chart -Commodities stocks will rise accompanied with weakening dollar.