Indofood Agri 220908

After having been on the downtrend since end june, Indofood Agri finally broke the downtrend resistance (upp pink) last fri. Indofood Agri still cannot break the 0.965 resistance (red --).

However, there is quite a good support based on the volume distribution for Indofood Agri at the 0.900 level (pink ...), which is also where it fell from on 9 sep.

If Indofood Agri fails to hold onto the 0.900 support, we could see it revisiting the 0.800 support (blue --).



For tomorrow :

Support @ 0.900 (pink ...), 0.800 (blue --)
Resistance @ 0.965 (red --), 1.16 (pink --), 1.24 (green ...)