Olam: Trend Reversal!
A Bearish Engulging candlestick pattern at the 61.8% Fibonacci Resistance & also the 20D MA Resistance was observed. This is a trend reversal pattern and will send Olam share price to $2.26 followed by $2.00.
First Resources: Trend Reversal!
First Resources showed Bearish Engulfing candlestick pattern at the resistance level. This is a trend reversal pattern and FirstRes is heading towards the next support of $1.23 followed by $1.08 which is the 61.8% Fibonacci Support.
Golden Agriculture: Breakout!
GoldenAgri (GAR) breaks out from a Symmetrical Triangle. Price target of this breakout is $0.825 which is also the previous resistance. The following are some bullish signals to support the future up trend of GAR:
- GAR moves above 20D, 50D and 200D MA. 20D MA is going to cross above 50D MA soon.
- MACD Bullish Convergence.
- GAR did not reverse the trend when a Bearish Engulfing Candlestick pattern was observed. This is a pattern failure.
