Following up from Previous Post as seen below, Indo Agri has indeed traded higher after breaking above the 0.800 resistance level previously. Has consolidated briefly below the 0.85 level before breaking out again today. More upside can be possible to 0.90 psychological level. As long as 0.85 holds as new support level, we are short term bullish and can consider taking profit from 0.88 to 0.91.
Stop loss at 0.835
Sent: Friday, February 14, 2014 11:15 AM
Subject: ********* Trading Buy: Indo Agri - Cleared 0.800 and Short term MA.............
Can expect to see more upside to 0.85 if the 0.800 holds as new support. Now at 0.805. Has just broken above the 20 DAY MA Green line after more than a month which can signal a short term reversal upwards.
Stop loss 0.785
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