Disclaimer

Disclaimer:-Please note that all such analysis is provided by way of information only. All of the information was and should be taken as having been prepared for the purpose of reference only and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the analysis. Any recommendation or advice that may be expressed in or inferred from such analysis therefore does not take into account and may not be suitable for your investment objective.

Saturday, August 2, 2008

Indofood Agri 010808

After hitting a low of 1.68 (22 jan low - 1.70) on 29 jul, Indofood Agri recovered a little and seems to have found some support back at the 1.74 level. However, it also seems that Indofood Agri is finding it abit diffcult to break through the many resistant levels (1.76, 1.78, and 1.81).

We could see Indofood Agri try to find a base around the 1.74 level for the time being, before attempting to break through again.

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For monday :

Support @ 1.74, 1.69 (low blue), 1.66 (mid pink, low red), 1.57 (low pink)
Resistance @ 1.76 (upp pink, green --), 1.78 (blue --), 1.81 (upp red, red --), 1.85 (pink ...), 1.87 (grey), 1.92 (pink --)
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