GoldenAgri – Trend Reversal Pattern Spotted!

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GoldenAgri closed at $0.45 today and formed a Bearish Abandoned Baby pattern (reserval pattern). $0.44 is 20D MA immediate support and next critical support is $0.412. I exit my trade today at $0.455 as downside probability is much higher than upside probability.

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Synear – Bearish Doji candles formed after 22% gain in a week!

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Synear probably takes a breather after a week gain of 22% from $0.275 to $0.335. This bearish doji candles end the uptrend and the stock price may go into consolidation. If next Monday trading ends with a bearish long candle, Abandoned Baby pattern will be formed showing a reversal bearish trend. The stock price may retrace back support line between $0.27 and $0.28. If the Abandoned Baby pattern is not formed, the stock may reach $0.365 after a temporary consolidation.

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