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, February 9, 2009

Indofood Agri 090209

After breaking through several resistances last friday, Indofood Agri closed just above the 0.610 support and 2nd uptrend support (mid green). Volume done today was less then half of last friday's.

If Indofood Agri can hold onto the 0.610 support, or better still, stay above the uptrend support (mid green), we could be looking at the 0.650 resistance as the next target.

However, if the 0.610 support breaks, the next support would most likely be at 0.595 (blue --).

Photobucket
For tomorrow :

Support @ 0.615 (mid green), 0.610 (green ...), (blue --), 0.575 (red ...), 0.570 (low green), 0.565 (green --)
Resistance @ 0.620 (blue ...), 0.625 (pink ...), 0.630 (upp red), 0.640, 0.650(upp green)
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)