Technicals:
A quick look at Golden agri's chart. The price peaked at $1.08 in Feb 2008. When the financial crisis hit, the price dropped to a low of $0.13 in Oct 2008. After that, it has been steadily on an uptrend, peaking at $0.655 in Jan 2010, and then consolidating sideways when fears of a double dip rose. The price tested $0.62 on three previous occasions, but each time, it failed to breakout of that price. It is testing $0.62 again today.
If it breaks out of $0.62, my upside target would be $0.62 + ($0.62 - $0.50) = $0.74. ($0.50 being the previous swing low).
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