Longer term fundamentals are still good. After selling off 90% of my position by the time it hit 62c last week, today I bought a chunk of Golden Agriculture\'s shares at the 20dMA support. This was a buy queue I put in last night. I will continue accumulating on further weakness.
singaporeanstocksinvestor.blogspot.com/2...igh-volume-sell.html
Winstorn, The market continues to weaken today.. Is this a good time to stock up? Btw, can you offer your views on Otto Marine & Oceanus - their prospects in rising? Thanks.
Golden Agriculture gapped down and sank rapidly, hitting a low of 52c on heavy volume. Impressively, it closed at 54.5c, forming a white hammer in the process! A white hammer appearing after a series of down days is usually promising. We might have a reversal next week. We will need confirmation in the next session.
singaporeanstocksinvestor.blogspot.com/2...re-white-hammer.html
Golden Agriculture closed above the 50dMA at 52c, almost forming a dragonfly doji, which is usually a bullish sign. The MFI declined and dipped into oversold territory today. We have the conditions for a possible reversal. Any downside should be restricted by the 100dMA at 48c while initial upside resistance is provided by the 20dMA at 56c. With all the longer term MAs still rising, although gently, the downside risk for Golden Agriculture seems limited for now.
singaporeanstocksinvestor.blogspot.com/2...ulture-oversold.html
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