IndoAgri: Forming A Rising Wedge

IndoAgri is forming a Rising Wedge and is going to test the 4 in 1 support level at about $2.75. These 4 in 1 supports are 20D MA, 50D MA, Rising Wedge support and 78.6% Fibonacci Retracement Level. Breaking down from this Rising Wedge chart pattern will send Indo Agri stock price to about $2.30. Rising Wedge in an uptrend is a trend reversal chart pattern.

  • Current Price: $2.80
  • Current PE: 18.9
  • Rolling PE: 24.1

This Post Has One Comment

  1. ox

    I agree to what u had comments, will trade side way 4 2 wk n after CNY i thihk there will be a pull back.

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