Golden Agriculture: Trading in a Symmetrical Triangle

Golden Agriculture (GAR) is currently trading in a Symmetrical Triangle. It also can be seen that GAR is trading between the 50D MA and 200D MA for the past two months. The trading range ($0.64 to $0.68) will be small until there is a breakout. Currently there is no trend for GAR as the stock is trading in whipsaw pattern.

This Post Has 2 Comments

  1. Roy

    In weekly chart, Golden Agri broken the down-trending line. In addition to buying price supporting of up move, I believed it can continues.

  2. Marubozu

    With inflation and rising of the commodity pricing, commodity and agriculture stocks should perform well this year.

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