Attached above is the chart of Golden Agri, an STI index component stock as well as a major palm oil commodity stock.
+ Mid-long term break down of Double-blue support lines
+ Triple Suppression along double-blue support-turned-resistance
+ Further triple suppression along 58cents-62cents resistance.
+ 58cents-62cents resistance will be used by Smart Money to launch the bear market in golden agri.
+ Crude palm oil commodity resumes major downtrend in the last RED CIRCLE as shown.
Breakdown of 50 cents support and formation of new multi-year lows.
End of Consolidation with many retailers trapped
(Sell on Rebounds)
PAST GOLDEN AGRI ANALYSES: