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Golden Agriculture: 200wMA cleared.

Saturday, July 23, 2011

Golden Agriculture closed above the 200wMA in the last session. Cleared of this hurdle, we could see its share price going higher from here.


It is interesting to observe that the 50wMA has been crucial as support, seeing how share price bounced off the line each time it was tested in the past.

It would not be unrealistic to expect any retest of the 50wMA to see strong buying interest.

Related post:
Golden Agriculture: 68c support.

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