Golden Agri Resources | E5H | Is It Time for Reversal Buy

March 16, 2016

Welcome to AmiBrokerAcademy.com Moses Stock Analysis.

Watchlist – Golden Agri Resources

This was what we said, ‘… from the MACD we had the cue that the price action is potential changing direction. If so, hope the stock will start to walk out of it bearish trend for a long long time. …”  we saw price action had broken out from a key level. And now the price action has retested the last high.

Picture Worth a Thousand Words

Will see.

March 16, 2016 Golden Agri Resources Daily Chart

March 16, 2016 Golden Agri Resources Daily Chart

What’s Weekly Chart Showed Us? Recession is Not in Near Future

Picture worth a thousand words, from the chart, we don’t see the next recession is within the sight.

In the last analysis, we see price action begins to breakout from inverted head and shoulders neckline. Is it time for a reversal buy? Will see.

March 16, 2016 Golden Agri Resources Weekly CHart

March 16, 2016 Golden Agri Resources Weekly CHart

 

 

 

 

 

 

 

 

 

 

 

 

 

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Moses Stocks Analysis and Scan

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