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 businesses. 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. As an international speaker and avid globetrotter, he has travelled to over 50 countries to spread his knowledge.

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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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