IndoAgri has a false right shoulder formation in the last analysis and did not breakout from a Inverted Head and Shoulders. Current chart looks like IndoAgri may be forming a Right Shoulder again, or a Double Bottoms with the support at $2.133. The critical resistance is at about $2.30 which is the 38.2% Fibonacci Retracement and also the 50D MA. Breaking this resistance may send IndoAgri stock price to minimum $2.54. Both Inverted Head and Shoulders & Double Bottoms chart patterns are Trend Reversal Bullish Patterns.