Golden Agriculture returns to test support at $0.68 after breaking out from the Symmetrical Triangle. If this support is strong enough, GAR will be on the way to meet the breakout price target of $0.825.
See Previous Golden Agriculture post here.
A Head and Shoulders has been formed on Sunvic chart pattern. The stock is currently just sitting at the neckline and 200D MA support at about $0.692. Breaking this neckline support may send SunVic to price target of $0.54.
Singapore Exchange (SGX) is currently trading below 3 MA. Immediate Support is at $7.20.
Watch the support at $7.20 closely because this is a very strong support for past 5 occasions (July & August of 2010, Mar & June 2011). SGX’s chart will be very bearish if this support is broken.
