Indofood Agri 091208

Indofood Agri did not have the chance to test the 0.470 resistance (green --) today. That's because it gapped up on opening and never looked back, testing the 0.505 resistance (blue ...) before closing above the 0.490 support (pink ...) and uptrend support (mid blue).

Volume done today was also quite high, almost the same level as 1 dec. Most of it was done at 0.495, with buying up and selling down volumes almost equal.

As there still quite a few more necklines to break, it is still early to say if Indofood Agri has completed the double bottom formation. Two immediate necklines lie in wait at 0.525 (red --) and 0.540 (pink --).


For tomorrow :

Support @ 0.490 (pink ...), 0.485 (upp pink, mid blue), 0.470 (green --), 0.460 (low blue, green ...), 0.445 (blue --), 0.430 (red ...)

Resistance @ 0.495 (upp red), 0.505 (blue ...), 0.525 (upp blue, red --), 0.540 (pink --)