Indofood Agri 080908

Although Indofood Agri opened above the downtrend resistance today, there was not enough buying momentum and it closed below it, as well as below the 0.965 resistance (red ...).

Indofood Agri also came very close to testing the uptrend support and 23 aug 07 low of 0.900 last fri (5 sep).

Tomorrow could be a critical day for Indofood Agri as the downtrend resistance (upp pink) meets the uptrend support. If Indofood Agri still cannot break the 0.965 resistance, we could, at best, see it trading sideways.

If Indofood Agri breaks the uptrend support, the next support could be at 0.780 (low on 17 aug 2007).



For tomorrow :

Support @ 0.915 (upp pink, low blue), 0.780, 0.770 (low pink)
Resistance @ 0.965 (red ...), 1.01 (upp blue), 1.06, 1.12 (blue --), 1.16 (pink --)