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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.

Monday, November 17, 2008

Indofood Agri 171108

Indofood Agri has been on the slide ever since hitting a high of 0.650 on 10 nov, and today is the fifth day that Indofood Agri is down, breaking the downtrend support (mid red) too.

We could see Indofood Agri rebounding once it hits the 0.420 support (pink --), but any upside could be limited to the 0.470 resistance (green --). If the 0.420 support breaks, we could see Indofood Agri retest 0.370 (28 oct low).

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For tomorrow :

Support @ 0.445 (mid red), 0.420 (pink --), 0.367 (low red), 0.357 (low pink)
Resistance @ 0.470 (green --), 0.505 (blue ...), 0.515 (upp pink), 0.535 (green ...)
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