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Tuesday 22 January 2013

Golden Agri on request from HWZ


Long time never look at GAR liao but GAR is one of those which likes to follow trendlines.
Just look at this messy chart that i kept adding on..




GAR shows support at 62c and bounced from there. However, immediate resistance is at around 64-65c.

Breaking 62c will see 60c at least.... after that... better redraw chart n see.


Weekly also shows resistance at 64c then 68c...

Not looking good for palm oil stocks based on FA as well....:s22:

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