Tuesday, August 6, 2013

******* Trading Sell: Indo Agri. Share price 0.86. (Down trend still in placed, no end in sight as of now)

Following up from previous SELL call on 11 June 2013. Indo Agri has continued to show weakness and has headed down more pulling further away from the 1.00 resistance level. Current support level is at 0.85.  Range will probably be from 0.85 to 0.88 level before any further breakdown. As long as 0.900 is a resistance, we are bearish. In this case, a downside breakdown of 0.85 will trigger a bearish acceleration towards 0.80.
Buy stop at 0.91 for CFD sell trades

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