Golden Agriculture (GAR): Watch this 200D MA Support!

Golden Agri has reached the target price base on the last analysis. However, it is important to watch closely whether there is any reversal candlestick pattern for the rebound from this 200D MA support. If Golden Agriculture cannot hold above this support level, GAR will continue the down trend. Next support is $0.547 which is the 38.2% Fibonacci Support.

This Post Has 3 Comments

  1. Cathy

    Can’t do a followup analysis on this one? Thanks in advance.

  2. Marubozu

    GAR hit 50D MA resistance and bounced down. Trend may reverse.
    1st support: 20D MA at $0.68
    2nd support: 200D MA at $0.64.
    Resistance at $0.73

  3. Cathy

    Thanks for the tip!

Leave a Reply