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.
IndoAgri: Forming a New Up Trend
- Post author:Marubozu
- Post published:July 25, 2010
- Post category:IndoAgri
- Post comments:0 Comments
Tags: Up Trend Support