July 8, 2016
Supply and Demand
Is that a over supply of the palm products? Is there a link between the products and stock price? Whatever the answer you may debate, but one thing for sure, there is a no demand in stock and resulting the stock price keeps fall lower. In July 2015, the price has hit the low of 0.28. Anyone has pick bottom, catch the falling knife? Can the price move to 0.48? If the three drive up will continue.
Gartley 222 will be effective, when near top or bottom. Assume, 0.28 is the bottom until it proven wrong; the price goes below 0.28.
MACD is an leading indicator. If you have see the chart and monitor the MACD Histogram divergence. You will not be surprised of the price move lower after point D.
July 8, 2016 Golden Agri Resources E5H Weekly Chart
You can read about the previous Golden Agri Resource stock analysis on this site. See link for details.
E5H | Moses Golden Agri Resources Stock Analysis
Trade What You See | Gartley 222 Sell Pattern | Golden Agri Resources
Three Drive Pattern | Golden Agri Resournce | Moses Singapore Stock Analysis
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Moses Stock Analysis and Scan
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