IndoAgri: At Triangle Support

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IndoAgri is currently trading within a Big Triangle which has been formed for one year. Look for bullish reversal candle at the triangle support for a short bullish trade up to triangle resistance.

Key Statistics for IFAR

Current P/E Ratio (ttm) 13.1362
Estimated P/E(12/2013) 10.3732
Relative P/E vs. FSSTI 1.2400
Earnings Per Share (IDR) (ttm) 730.5663
Est. EPS (IDR) (12/2013) 925.6580
Est. PEG Ratio 2.6666
Market Cap (M SGD) 1,764.17
Shares Outstanding (M) 1,434.28
30 Day Average Volume 2,214,033
Price/Book (mrq) 0.9977
Price/Sale (ttm) 0.9943
Dividend Indicated Gross Yield 0.24%
Cash Dividend (SGD)
Last Dividend
5 Year Dividend Growth
Next Earnings Announcement 04/30/2013
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IndoAgri: Rejected at Down Trend Resistance

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IndoAgri rejected by 200D SMA and Down Trend Resistance. Expect more selling pressure ahead. Immediate support is 20D and 50D SMA.

Key Statistics for IFAR

Current P/E Ratio (ttm) 11.1375
Estimated P/E(12/2012) 12.0820
Relative P/E vs. FSSTI 0.9190
Earnings Per Share (IDR) (ttm) 934.0000
Est. EPS (IDR) (12/2012) 872.9610
Est. PEG Ratio
Market Cap (M SGD) 1,886.08
Shares Outstanding (M) 1,434.28
30 Day Average Volume 2,765,400
Price/Book (mrq) 1.0942
Price/Sale (ttm) 1.0937
Dividend Indicated Gross Yield 0.23%
Cash Dividend (SGD) 0.0030
Last Dividend 05/04/2012
5 Year Dividend Growth
Next Earnings Announcement 02/28/2013
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IndoAgri: What is the Next Move?

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IndoAgri has been in consolidation mode after finding the bottom in early Oct. Base on currenty chart pattern, it looks like IndoAgri is going to continue the down trend if the stock cannot break above the Down Trend resistance, 20D & 50D MA at about $1.30. Immediate support is $1.13 followed by $0.70 (123.6% FR). Weekly chart is also showing a similar pattern after Bearish Harami candlestick pattern formed at the end of Oct.

 

 

The analysis is originally from My Stocks Investing Journey.

Continue ReadingIndoAgri: What is the Next Move?