IndoAgri – Break Critical Support

IndoAgri seems to have broken the uptrend support which is also the support for a Double Tops chart pattern, with a spike in trading volume. If IndoAgri cannot move back above the support level (about $2.25), the stock may go down to $1.713 which is a Double Tops breakout price target and also 61.8% Fibonacci Retracement Level.

This Post Has 3 Comments

  1. RL

    There was a Downside Gap Side-by-Side White Lines bearish continuation pattern just before the trendline got broken.

  2. Marubozu

    Thanks RL. I learn another candlestick pattern..
    Side-by-Side White Lines Bearish.

  3. RL

    But the bearish continuation pattern is looking shaky today with that surge up, and it might not work out…

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