Wednesday, March 19, 2014

************* INDO AGRI FOLLOW UP: Which way now ?

Following up from Previous BUY CALL. Indo agri has indeed traded higher after our breakout calls touching a high of 0.95. Most would have taken profit by then, Congrats ! Indo Agri has been trading from 0.89 to 0.95 for the past 2 weeks, most likely would be within this range in search of a break down or break up further. Downside back to 0.85 then 0.80 can be possible if support at 0.89 clears which also coincides with the 20 DAY MA LINE. However, any break up above 0.95-0.96 Critical resistance levels can see it trace to 1.00 fast.  Possible to trade within the range and monitor for any upside/downside breakout.

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