As posted on earlier, Golden seems to have hit the upper channel and looks due to reverse. However, with BurmiAgri IPO happening next week, Golden may just react positively... so I'll have a tight stop just above 80c.
CMA looks to have broken down below the trend line.There also looks to be shorting going on as well. We shall see how it performs. I noted that when STI flipped to a positive on Thursday's trading, CMA did recover but very little.. it shows that it is weak although the body of the candle is small. Monday will give a hint of it's strength/weakness.
On Thursday night, Dow managed to close above 13000. A strong break of this support will push it down further to 12700ish.
Trade safe!
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