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My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

9/14/2013

Golden Agri double top.

I was going through the active list of today's counter and noticed Golden Agri. I have seen this counter before but because of the problem with my previous data set, I was not able to read the chart. So I guess, "what the hell, just consider a night reading material."

The looks on Goldne Agri is not good, a double top with objective @ around 0.27. It will be a drop of close to 50% from now. Worse, the pattern is confirmed as the counter already crossed the neckline.

Further more, it is in the middle of a counter wave. So there are more evidence to for a down trend.

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