01 Jun '11, 2pm
Stock Chart: IndoAgri, Noble Grp!
On Wednesday, IndoAgri re-test the resistance at $1.72 and closed at $1.71 with HIGH volume of 43.1 million shares traded. A white candle stick with little upper shadow affirms that investors have no hesitant in buying the stock further up. Both RSI & MACD are turning bullish as RSI perform a strong up tick. Important Resistance of IndoAgri: $1.72 Immediate Support of IndoAgri: $1.63 Currently prices are well below 20/50/100/200 days MA. Today prices rebound upwards with heavy buying pressure though prices failed to close above the minor resistance at $1.72. The support at $1.63 is expected to be very strong. Do monitor the resistance at $1.72. The breach of the first resistance will boost the confidence of investors and signal reversal. However we would not encourage entry now especially we have already miss the first day of breakout and profit taking are likely to happen...