Indofood Agri 071108

After testing the 0.620 resistance (red --) 3 times last week, Indofood Agri slipped below the uptrend resistance (upp blue) yesterday. We could see Indofood Agri being pushed into a corner around the 0.595 level (pink ...), where the long term downtrend resistance (upp pink) and the uptrend support (low blue) meets.

Support for this week looks to be around 0.565, where the uptrend support (low blue) meets the 0.565 support line (red ...). If Indofood Agri manages to break the 0.620 resistance, the next resistance can be seen at the 0.660 level (blue --), as shown by the volume distribution bar.



For monday :

Support @ 0.595 (pink ...), 0.565 (low blue, red ...), 0.520 (mid red), 0.505 (blue ...)
Resistance @ 0.610 (upp pink), 0.620 (red --), 0.645 (upp red), 0.660 (upp blue, blue --)