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.

Monday, January 19, 2009

Indofood Agri 190109

Indofood Agri just about stayed above the 0.565 support (green --) after testing it three times.

As you can see from the chart, the uptrend support (low green) meets the 0.575 neckline (red ...) sometime this week, so we might see some action soon.

If Indofood Agri breaks the uptrend support (low green), we might see it test the 0.545 support (pink --).

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For tomorrow :

Support @ 0.575 (red ...), 0.570 (low green), 0.565 (green --), 0.545 (pink --), 0.525 (low red, red --)
Resistance @ 0.595 (upp green, blue --), 0.605 (upp red), 0.610 (green ...)
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