Straits Asia Resources has been on the up trend for the past 3 weeks. Currently SAR is testing the uptrend support turned resistance and a pull back is expected. Currently RSI and Stochastic oscillator show SAR is overbought. Next support is $2.565 which is the 78.6% Fibonacci Support.
GoldenAgri (GAR) breaks out from a Symmetrical Triangle. Price target of this breakout is $0.825 which is also the previous resistance. The following are some bullish signals to support the future up trend of GAR:
Hong Leong Asia or HL Asia just broke the neckline resistance of a Double Bottoms chart pattern after breaking the down trend channel (gray lines) resistance. The price target of the successful Double Bottoms Breakout is $3.16. This target is also the 200D MA resistance. Currently HL Asia may experience a pull back to the 20D/50D MA support at about $2.73. If this support is reliable, this is a good entry level to long this stock.
