Golden Agri is currently trading within a wedge pattern with the wedge resistance at about $0.61. Breakout from this wedge will send Golden Agri to $0.73. It looks like there is a good chance of a mini bull run as MACD is entering into bullish convergence, RSI and stochastic are heading north, and stock price is above 20D/50D/200D MA and Parabolic SAR. Only Bollinger Band has not met the bullish criteria yet.
Looking at a bigger time horizon on China HongXing, a Cup and Handle pattern is observed and current breakout from 61.8% Fibonacci Retracement Resistance at about $0.175 coincides with the Cup and Handle breakout. Price target of this breakout is $0.23. However, China HongXing needs to clear the immediate long term down trend resistance at about $0.20 first. $0.175 should provide a good support.
Informatics is showing a Parabolic Curve pattern. Current PE is at all time high of 49. Another point to note that Informatics loses money and have negative net operating cash flow on the last quarter. History tends to repeat itself and you may be able to predict what will be the future stock movement in view of the technical chart pattern and fundamentally.
