Golden Agri after touching the low of 36.5 cents on 7th Nov 2016 it has managed to stage a strong recovery and head higher to touch 41.5 cents on 22nd Nov 2016. This is generally quite positive.
Today it had managed to cross over 40 cents/40.5 cents and closed higher at 41 cents + couple with high volume, this is rather bullish/positive.
The current price is staying above the SMA lines and also both Macd & Rsi are still rising which may provide further indication that the share price may continue to head higher.
Short term wise, I think it may head higher to test 44 cents. Breaking out of 44 cents with high volume it may propel to drive the share price higher towards 47/50 cents.
(trade base on your own decision)
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