It is time for Golden Agri to start retracement after running up more than 10% for past few weeks. Today Golden Agri formed a Evening Doji Star at the Rectangle Resistance, a reversal pattern. If this is a start of the uptrend, Golden Agri should find support at the 61.8% Fibonacci Retracement (about $0.57). $0.57 is also the previous resistance turned support level. Base on last trending pattern (up and down), Golden Agri reacts better to 20D SMA as support or resistance.
Original Post by Marubozu @ My Stocks Investing Journey.
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Wow, Golden Agri made some improvements. It is a right decision for them to start retracement.