On the last blog, I have updated GoldenAgri has discounted NAV. Today, it is trading on par now at 0.709 with PE at 4.8X. If you compare GoldenAgri with its peer on NAV (1 vs 1.8) and PE (4.8 vs 12). It seems to be of great value. However, it has poor yield below inflation.
May 23-27, TA for GoldenAgri,
- Trend - Side trending (Trailing between 100D and 200D MA)
- Momentum - Overbought (confirmed by Stochastic)
- Resistance (Classical) 0.73, (100D MA - 0.705)
- Support (Classical) - 0.68 (Resistance turn Support - a breakout)
- Volume - Above 20D average for the last 5 days.
- Candlestick - Spinning Top ( bearish reversal signal)
Last week, the trading momentum is generally flat. There isn't any stocks that can really break "Resistance turn Support" with above average volume. GoldenAgr - since last week is still a side trending side - even the MACD indicates a DOWN Trend, but from the above chart - you can see that it is a Side trending. Now, it has hit the
- 100D MA- 0,705,
- near to its historical classical resistance of 0.72.
- Overbought
- Spinning Top
From a TA prospective, indicators show strong bearish reversal signal.
No comments:
Post a Comment