Thursday, October 14, 2010

14th Oct - Sold off the remaining 50% of Golden Agri Shares. Found Weakness!


As expected, today's traded volume is much lower than yesterday massive volume as such
I watched the price bar closely.

As compared to yesterday's price range (high - low), today's price range is much narrow due to
the fact that there are still potential sellers where the demand is met by strong supply therefore
the price is locked within a tight trading range.

The weakness is confirmed when price closed at day low with high volume. If the Professionals
are interested in higher price, we should be expecting further upside today but this is not the case.

For now, I am expecting price to find support level near to yesterday's pivot level @$0.64 before
testing the near term price target of $0.72 level in weeks ahead.

Just be happy with what I harvested, move on to the next profitable catch using Diamond Scanner again.

Good Luck and Many Profitable Trades ahead!