Golden Agri – low risk entry near channel bottom | Technical Analysis | Singapore Stocks


Golden Agri seems to turning up from the bottom of the channel, and has successfully closed the gap (red dotted box), and at the same time forming a W-bottom. Yesterday, the gap was tested via a hammer, and this was also a test of the 20-EMA. This could be a bullish flag which will provide a low risk entry.

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Spencer Li is a trader, investor and entrepreneur who currently manages his own portfolio of stocks, REITs, currencies, cryptocurrencies, properties, and 10+ businesses across different industries, while providing consultancy services to individuals & corporations. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media.

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  1. […] on long positions Tweet 11 March 2010 11 views No Comment Following up from my previous post (http://synapsetrading.com/2010/02/golden-agri-low-risk-entry-near-channel-bottom/), golden-agri has had a strong climatic breakout, which may follow up with some pause bars due […]

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