Golden Agriculture: As per expectations

Golden Agriculture is behaving according to expectations. Closing at 57c on lower volume suggests that if the price retreats to the gap support at 54c, we should expect some strong support. Although if 54c gives way, the steeper orange color trendline would be violated and the gentler green color trendline would come into play. The latter, incidentally, coincides with the 38.2% Fibo line at 50.5c and should be a very strong support. I am going to accumulate on the way down at supports as the longer term fundamentals of crude palm oil remain intact.