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.