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.

Tuesday, January 13, 2009

Indofood Agri 130109

Indofood Agri broke quite a few supports today with about 3 times the volume compared to yesterday. The selling down volume was double that of buying up. Indofood Agri closed right on the 0.575 support (red ...).

If Indofood Agri breaks the 0.575 support, we could see it weaken further, probably to the 0.550 level, where the uptrend support (low green) meets the downtrend support (low red).

Any upside would probably be limited to the 0.595 resistance (blue --).

Photobucket
For tomorrow :

Support @ 0.575 (upp green, red ...), 0.565 (green --), 0.550 (low green, low red), 0.545 (pink --), 0.525 (red --), 0.505 (blue ...)

Resistance @ 0.595 (low blue, blue --), 0.610 (green ...), 0.625 (upp blue, pink ...), 0.635 (upp red)
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)