IndoAgri: Has the Knife hit the Floor?

Follow up on last IndoAgri stock analysis and IndoAgri seems that finding a support at this $1.665 level.

Things to watch out to confirm whether IndoAgri has found the bottom:

  • Whether IndoAgri can stay above this $1.665 support in the coming few weeks.
  • Whether IndoAgri can break above the 20D MA resistance at about $1.80. $1.80 was the previous tough resistance during August to Dec 2009.

Current level is still not a right level to long the stock yet.

This Post Has One Comment

  1. Marubozu June 18, 2011

    $1.665 support broken, the knife continues to fall for IndoAgri.

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