Indofood Agri 251108

There was joy (for the longists) initially when Indofoor Agri opened on the 0.420 neckline (pink --), breaking the long term downtrend resistance (upp pink) at the same time. Indofood Agri even came close to testing the downtrend resistance (mid red).

However, as the day went on, things began to take a turn for the worse when Indofood Agri began reversing, giving up its gains, breaking the 0.420 and 0.410 necklines. Indofood Agri then finished the day by closing right on the 0.395 support (pink ...).

If Indofood Agri breaks the 0.395 support, we could see it testing the end oct lows of 0.375 (blue --) again.


For tomorrow :

Support @ 0.395 (pink ...), 0.375 (upp pink, blue --), 0.370 (low red), 0.315 (mid pink)
Resistance @ 0.410 (red --), 0.420 (pink --), 0.425 (mid red), 0.470 (green --), 0.495 (upp red)