GoldenAgri: Rebounding?

Golden Agri may be rebounding in the coming days after a Doji candlestick was observed after the recent down trend. A Doji candlestick indicates a stop of the trend. Last Friday GoldenAgri formed a Bullish Engulfing candlestick pattern indicates a potential trend reversal.

RSI is at oversold region and start to turn up. MACD is showing some sign of bullishness also.

However, it is very important to observe whether the 200D MA will become the resistance when the rebound takes place.  Otherwise it will start a down trend for Golden Agri.

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