Golden Agri has broken the up trend support level recently. The key question now is whether Golden Agri can move back up and stay above the up trend support line like what the stock did back in July 2009. If GoldenAgri cannot break this uptrend support turned resistance line, the stock will probably start a deeper correction. The next two immediate supports are $0.50 (200D MA support) and $0.456 (61.8% Fibonacci Retracement Level).
Genting Singapore looks like trading within a range from $0.86 (50% Fibonacci Retracement Level)to $0.969 (61.8% Fibonacci Retracement Level). It looks like a good pattern to trade if Genting continues to move within this range until the breakout.
From the chart, a mini double bottoms has been formed and Genting may be forming a mini double tops too. The chart looks interesting for me to keep in the short term trade watch list. Feel free to comment if you see other patterns.
A trend reversal candlestick pattern Morning Star is seen in KepCorp after closing today trading session. KepCorp may move above the 20D MA at about $9.50 in the next few trading days. Immediate resistance is at 10.21 after breaking the 20D MA resistance.
