IndoAgri is showing the similar pattern as Wilmar where a formation of higher high and higher low pattern is seen. There is a potential reversal at the current price to form a higher high pattern where IndoAgri is going to test the previous support turned resistance line (blue line). A good entry point is when IndoAgri pulls back to the uptrend support line (green line) at about $2.20.
Wilmar looks like forming a new up trend after showing a good support up trend line. A potential higher high may be formed when Wilmar faces the 200D MA resistance at about $6.40. A good entry point is between $5.90 to $6.00 when Wilmar retraces back to the uptrend support line.
Straits Asia broke the 20D MA, 50D MA and 61.8% Fibonacci Retracement resistance in the last trading day. The stock also looks like breaking out from a falling wedge. If this breakout is successful, the price target is $2.60. The next immediate resistance is about $2.10 which is the 200D MA resistance. $2.00 should be a strong support. All other technical indicators like MACD, Stochastic, RSI, Parabolic SAR, Bollinger Band show the bullish strength. This level looks like a good entry level.
