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.

Wednesday, January 7, 2009

Indofood Agri 070109

After breaking the 0.575 resistance (red ...) on 5 jan, Indofood Agri tested the 0.640 resistance (green --) 3 times. However, Indofood Agri couldn't break it convincingly and came close to testing the 0.610 support (green ...) today.

We could see the 0.660 level (upp red cuting upp blue) being the resistance for Indofood Agri for the time being. If Indofood Agri manages to break that resistance, we could see it testing the 0.715 - 0.720 level, which is the low from which Indofood Agri broke out from on 19 sep.

However, if Indofood Agri breaks the 0.610 support, we could see it revisiting the 0.575 support (red ...)

Photobucket
For tomorrow :

Support @ 0.610 (green ...), 0.605 (mid blue), 0.595 (blue --), 0.575 (red ...), 0.545 (low red, pink --)
Resistance @ 0.640 (green --), 0.655 (pink, upp blue), 0.663 (upp red), 0.715-0.720
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)