Goldean Agri has been on the down trend after breaking down from the Rising Wedge. CLICK HERE for previous post: Beware of Reversal. This reversal pattern has a minimum price target to $0.668 which is close to the 50% Fibonacci Support, followed by $0.63 which is the 200D MA support. 200D MA has proven to be a very strong support for Golden Agriculture for past few occassions. This $0.63 will be my entry point for short term trade if this stock has chance to come near to this level.
- Post author:Marubozu
- Post published:January 26, 2011
- Post category:GoldenAgri
- Post comments:1 Comment
Tags: Rising Wedge