Golden Agriculture: Breakout!

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:

  • GAR moves above 20D, 50D and 200D MA. 20D MA is going to cross above 50D MA soon.
  • MACD Bullish Convergence.
  • GAR did not reverse the trend when a Bearish Engulfing Candlestick pattern was observed. This is a pattern failure.

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