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Indofood Agri Resources ST: as long as 0.308 is support look for 0.358
Trading Central | 2019-09-15 22:26:00

Alternative scenario: the downside breakout of 0.308 would call for 0.293 and 0.284.

0.308 is our pivot point.

Our preference: as long as 0.308 is support look for 0.358.

Alternative scenario: the downside breakout of 0.308 would call for 0.293 and 0.284.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA (0.33) but above its 50 day MA (0.32). Indofood Agri Resources is currently trading near its 52 week high reached at 0.33 on 03/06/19.

Supports and resistances:
0.377 **
0.367 *
0.358 **
0.348
0.325 (SGD-last)
0.314
0.308 **
0.293 *
0.284 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 09-16-2019 at 00:26 UTC+1
Price reference: 0.33 last known on 09-16-2019 at 00:26 UTC+1
Investment horizon: ST

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