A humble student of the STI market. Disclaimer: The postings on this blog are personal views and are in no way an inducement to buy or sell. Before acting on any information on this blog, you are advised to consult your professional advisors.
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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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