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.

Sunday, November 30, 2008

Indofood Agri 281108

Is Indofood Agri trying to form a triple bottom? (1st bottom was on 18 sep) Indofood Agri recovered from a low of 0.390 on 26 nov, to test the 0.470 neckline (green --) today. It remains to be seen if Indofood Agri can successfully break this neckline this week.

If not, we could be looking at Indofood Agri trading between the 0.470 neckline (green --) and 0.420 support (pink --).

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For monday :

Support @ 0.455 (upp pink, upp red), 0.435 (low blue), 0.420 (pink --), 0.410 (red --), 0.395 (pink ...), 0.390 (mid red)

Resistance @ 0.470 (green --), 0.495 (upp blue), 0.505 (blue ...), 0.535 (green ...), 0.575 (red ...)
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