Golden Agri - Breakout

Crude palm oil (CPO) has been trending up in December 2009 and almost all the Palm Oil related stocks are outperform in the market.

Golden Agri is definitely one of them, together with Indo Agri, Wilmar, etc... in Singapore Stock Exchange (SGX). The immediate resistance is 0.625, following by 0.7 and 0.8.




Based on the bullish ascending triangle breakout, the target price is likely to be 0.80.

Stay tune!