Golden Agri-Resources Initiated Strong Bullish Break. Time To Buy?

http://blog.traderwave.com/golden-agri-resources-bullish-break/

Swing Trading Strategy (Medium Term)

If you are a swing trader, you could be looking at riding the current upside momentum to the next key resistance of $0.50 in the weeks to months ahead.

A technical stop loss level of $0.36 should be conservative enough to ensure that any minor pullback from here wouldn’t trigger this stop loss order.

Assuming if you manage to get in at the last closing price of $0.40, you will be looking at a potential risk-reward ratio of 1:2.5.

Potential Target Level: $0.50

Entry Level: $0.40

Stop Loss Level: $0.36