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Golden Agriculture: Accumulate on weakness.

Tuesday, March 2, 2010


Golden Agriculture drifts downwards as price moves sideways, supported by the 20dMA.  Low volume is observed with a slight declining bias.  So, there is a chance of the 20dMA support breaking which would see the rising 100dMA providing support at 50c.  I would buy more, closer to the 100dMA.  I would also pay attention to the MFI and Stochastics.  If these are in the oversold territories then, I would buy even more.

Healthway Medical: Turning positive.


Healthway Medical closed at 16c today on low volume.  This is the highest closing price in a month or so.  MACD has crossed above zero, marking the return of positive momentum.  The MFI has crossed 50% and is rising.  This indicates positive buying momentum.  OBV rises ever so slightly, indicating accumulation.  The trading volume has to expand to make any upward movement in price sustainable.

In the near term, any upward movement in price should meet with initial resistance at 17c, followed by 17.5c.


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