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 9, 2008

Indofood Agri 080808

After breaking the 1.42 support (pink --) on 7 aug, Indofood Agri seems to have found temporary support along the uptrend support (blue). As discussed previously, although Indofood Agri has now broken the 1.74 neckline, it won't be a straight path down (that's if it really does).

So we might be seeing Indofood Agri trading sideways for the time being. As you can see from the chart, the 1st downtrend resistance (mid pink) meets the uptrend support (blue) sometime next week. So we might see some action towards the end of next week.

Photobucket

For monday :

Support @ 1.31 (blue), 1.23 (low pink)
Resistance @ 1.42 (mid pink, low red, pink --), 1.556 (upp pink), 1.61 (red ...)
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)