Tuesday, April 30, 2013

**** Short Sell (CFD) IndoAgri. Share price 1.09 (CFD Short Trade)

IndoAgri has broken critical support at 1.10 which it has held above for about 2 weeks. Finally broke down support today. Can head lower to test 1.00 to 1.05 next support. Currently as a 3 years low. As long as 1.10 remains as the new resistance level, we are bearish with a short term target to 1.05. If the psychological 1.00 does not hold, it can head lower quickly to find new consolidation phase.
Buy stop at 1.115

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