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| Indofood Agri-Likely further recovery after strong bullish breaks |
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By Philip Teo
Likely further recovery after strong bullish breaks Key hurdles crossed.
Indofood Agri could see more upside ahead after initiating strong bullish breaks above both its 6-month downtrend resistance and $0.80 key resistance on heavy trading volume yesterday.
Indicator turning bullish.
The MACD is still climbing aggressively towards its centerline, suggesting that the upside momentum is building up.
Next resistance at $0.95.
The counter is likely to head towards the $0.95 next key obstacle (key support-turned-resistance) in the weeks ahead.
Immediate support at $0.80.
Meanwhile, we advocate a stop-loss exit around $0.77, which is slightly below the newly established resistance-turned-support at $0.80.
...recent low: $0.720... last: $0.840...
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if it reverse, just SL a few pip behind 835.. im bullish on commodities stocks, they were at their lows and all rebounding.
marubozu1688 ( Date: 15-Sep-2013 21:36) Posted:
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Emmm ....waiting for the Huat Kueh to raise!!!!!
Cheers!!!
iluvboost ( Date: 15-Sep-2013 22:26) Posted:
loaded at 835....1st tgt 900...
good RRR...
GorgeousOng ( Date: 13-Sep-2013 11:05) Posted:
So long never hug this babe....emmm so nice.......
feeling still the same ler!!!!
Cheers!!!
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loaded at 835....1st tgt 900...
good RRR...
GorgeousOng ( Date: 13-Sep-2013 11:05) Posted:
So long never hug this babe....emmm so nice.......
feeling still the same ler!!!!
Cheers!!!
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So long never hug this babe....emmm so nice.......
feeling still the same ler!!!!
Cheers!!!
I've notice Indoagri has aggressively bought back their shares.. each time by 1,000,000 shares
this can be viewed as positive for the share..
gd luck dyodd
Indofood Agri Resources Ltd stock price is 0.80, the intrinsic value of this share is 0.88
You may check from http://www.drstock.org
Coy share buy back everyday since past week. Lets see if tomorrow can close above 80c for a big bounce on IndoAgru and other CPO counters as well.
Indofood Holding is a substantial investor of CMZ. Indofood Holding owns 70% shares of Indoagri. However, they are separate entities, which i think may explain why Indoagri share price did not fall.
I 4hink indo is an investor in CMZ
Time to jeep this counter.
Good Luck :p
looks weak today too, maybe due to chinaMZ
Share buy back in the money!! :)
Blanchard ( Date: 23-Aug-2013 18:56) Posted:
Company purchased 1 million shares at an average price of 0.77878 today.
A total of 5 million shares at an average price of 0.761686 was purchased this week. |
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Strike! Above 80C. TP > 1.
Resources stock will make a come back, the future is still resources
Company purchased 1 million shares at an average price of 0.77878 today.
A total of 5 million shares at an average price of 0.761686 was purchased this week.
Enter mode. Good chance to see profit
One million shares at an average price of 0.74587 was purchased by the company yesterday.
One million shares at an average price of 0.74913 was purchased by the company today.
Since 19 Aug 13, a total of four million shares at an average price of 0.7574125 was purchased.
Looks like a good rebound. $0.70 region is a good price. Imagine GAR was at this price once. Trade with care cos this country's volume is low.
