Indofood Agri: Further push upward Again today from yesterday's note, Now at 0.585.... whoah....

Can the 0.600 clear too?

Sent: Tuesday, March 22, 2016 9:11 AM
Subject: ************ Indofood Agri: more upside above 0.55 now, price 0.56

We are seeing a further move above the 0.55 resistance level where we can see momentum continue. At current levels, it has also crossed above the 200 day MA line which can signal a longer term reversal taking shape. Target to 0.60 then 0.64 as long as 0.55 holds as the new support now, raise stop loss to protect profits. J

Indofood Agri: A further breakout above 0.55 as mentioned last week.... now at 0.565

Have indeed seen a move above the 0.55 resistance, more strength from here still?

Sent: Monday, March 14, 2016 10:04 AM
Subject: ************ Indofood Agri: Pulling away from new support at 0.500 a good sign, more upside if 0.55 clears out too... price 0.535

Following up from last Friday’s call, we have again seen Indofood Agri try to push upwards forming a higher high again today at 0.535 as of now. Seems like heading towards our first target at 0.55. Any further move above 0.55 can see more strength towards 0.60. Raise stop loss to protect profits people.

Sent: Friday, March 11, 2016 2:16 PM
Subject: ************** Indofood Agri: Breakout seeen above 0.500 indeeds, more upside above likely, price 0.515

From yesterday, we have indeed seen the 0.500 psychological resistance clear out and we may start to see more short term momentum towards the 0.55 then 0.64 level as mentioned yesterday. As long as 0.500 holds as the support now, still a short term positive with a new recent high set at 0.52 today.

Indofood Agri: Indeed a move above the 0.500 price point..... More upside now? now at 0.505

Can it stay above the 0.500 support now? Volume building…

Sent: Thursday, March 10, 2016 10:52 AM
Subject: *************** Indofood Agri: Potential breakout above 0.500.... more short term upside above, price 0.49

Indofood Agri has traded below the 0.500 resistance level since December and it now nearing this level again. We can still see some selling pressure as it nears it with CFD sell possible to ride any retracement back to 0.42 like we have seen. However, note that we are also watching the potential move above the key 0.50 psychological resistance level. Any form move above of course with the right volume, we may consider taking a short term bullish view with target to 0.55 then 0.64. At current levels, it is also at the 100 day MA so any firm move above can also mean a reversal on the cards in the mid to long term. Watching.

************** Indo Agri: Uptrend strength still intact..... Follow up from previous call..... Now at 1.035.

Following up from last call: http://singaporetradinginsights.blogspot.sg/2014/03/indo-agri-new-trading-phase-upwards.html

Indo Agri has consolidated briefly for less than a week from 0.97 to 1.02 before we have seen a further breakout above temp resistance today. Likely to head higher to 1.05 then 1.10 in the short term. As long as stay above 1.00, still bullish and uptrend positive.

Stop loss at 0.99

 

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*************** Indo Agri: a NEW TRADING PHASE UPWARDS ........ (Follow up Call) NOW AT 0.96 !

Following up from previous post: http://singaporetradinginsights.blogspot.sg/2014/03/indo-agri-follow-up-which-way-now.html

Indo gri has indeed cleared its consolidation phase upwards above the critical 0.95 resistance level. More upside if it can stay above this new support now. Target would be to 1.00 now and a break above would open the way to 1.10 possibly.

Stop loss at 0.93

 

************* 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.

 

********** Trading Buy: Indo Agri. Price 0.86.

Posted previously to our Client, would be good to take profit now too…. Has reached our Target price already ! NOW AT 0.93

 

Sent: Tuesday, February 25, 2014 1:51 PM
Subject: *********** Trading Buy: Indo Agri. Price 0.86.

 

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

 

*********** Trading Buy: Indo Agri. Price 0.86.

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

 

******** Trading Buy: Indo Agri. Share price: 0.86.( Rebounding along with commodities counters? )

Indo Agri has just crossed above the 0.85, 0.855 immediate resistance level which it has been consolidating below for more than 2 months already. Yesterday we have seen it test the 0.825 and cleared it convincingly only to see the momentum continue further today on the break of 0.855. As long as 0.85 is a support, a rise towards 0.90 and 0.95 seems likely, a break below 0.85 will open the way back to 0.825 level. Technical indicator RSI has been slowing rising in line with the breakout seen which can signal more momentum.

Stop loss at 0.835 for short term trades.

 

 

 

******** Broke out from Ascending Triangle: Indo Agri. Share price at 0.835. (Must cross 0.85 for more upside)

Indo Agri has staged a breakout above the immediate 0.82 resistance which it has consolidated below for about 3 weeks and where a slight Ascending Triangle Pattern formation has emerged. Possible to see it test the next resistance at 0.85 before more upside. As long as 0.82 holds as support for now, we are Short term bullish to 0.85. As break above 0.85 can pave the way to 0.900 fast. Note that it has also broken above the 20 DAY MA (Green line) 3 days back and managed to stay above strongly signaling short term change to upward direction. A trade for a potential rebound, something like Noble Group posted this morning !

Stop loss at 0.81

 

****** CFD TRADING SELL: Indo Agri. Share price 0.795. (CFD Sell only)

Following up from previous SELL call made just a few days back on Monday 12 Aug 2013. Indo Agri has tested the 0.800 psychological support level faster than expected. Low today is seen at 0.79. As mentioned previously, can consider holding CFD SHORT positions to ride any downside still unless it proves otherwise. Can probably see it go down to 0.74 to 0.76 region before consolidating again. As long as 0.800 stays as a new resistance level, still bearish in the near term.

Buy Stop lower now at 0.815

 

****** Trading SELL: Indo Agri. Share price 0.845. (CFD SELL TRADE)

Following up from SELL CALL made last week 6 Aug 2013. Indo Agri has broken down immediate support at 0.85 level today after consolidating above it for about a week. Seems likely to head lower to test the 0.800 real soon. If it does not stay above 0.85 in the coming days, more weakness can be possible. Can consider holding CFD SHORT positions to ride any downside. A break below 0.800 can see it go down further to where it was in the trough set in early 2009. Low after financial crisis was below 0.400 fyi. Still no end to downside in sight unless it breaks up above 0.900 first.

Buy Stop at 0.875

 

******* 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

 

***** CFD Short Sell: Indo Agri. Share price 0.99. (CFD Sell trade)

Follow up from trading call made on 28^TH May 2013, Indo agri has indeed broken this critical 1.00 support today on a weaker market. More downside likely on a further weakness in market. Short term target to 0.900. As long as 1.00 holds as resistance level. Bearish trend continues. Can consider to accumulate more short positions as it breaks each support each time.

Stop loss 1.015.

 

**** CFD SHORT (SELL) Trade: Indo Agri. Share price 1.035. (CFD SHORT TRADE)

Follow up from TA CALL Made on 30^th April. Indo Agri has broken down temp support at 1.05-1.06 yesterday and closed at 1.035. Currently at 1.035 level which is still below the new resistance at 1.06. As long as it does not break back up above 1.06, possible to consolidate at this lower level from 1.00 to 1.05 and still a bearish view in the short term. Critical psychological support at 1.00, if this level does not hold, we will average down more short positions and take profit around the 0.95 to 0.96 region.

Stop loss at 1.075.

 

**** 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

 

Short term downside: Indo Agri. Share price 1.135. (CFD Short trade)

Indo Agri has tested the 1 and a half year low of 1.14 set in Oct 2011 and have broken below it. This was the support that it has rebounded in June last year also. Might see it drifting lower on the break down. Next psychological support at 1.10. If 1.10 fails to hold, possible to head lower to test 1.00 quickly. We are bearish as long as 1.15 remains as resistance.

Buy stop at 1.16 level. 

 

INDO AGRI CHART - Broke critical 1.50 resistance level, now at 1.51, going fast... target to 1.60....

put a stop at 1.485

INDO AGRI CHART - Support at 1.25 breached, now at 1.24.... more weakness to come if it does not close above 1.25 level....

Next support at 1.20 then 1.14 (Oct low last year)