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Thursday, November 18, 2010

IndoAgri Update

IndoAgri was supported by the resistance turned support at $2.58 and closed with a Meeting Lines candle today. There is a swing trade setup triggers at $ 2.68 with a target at $ 2.88 ( stop loss at $ 2.57 ).

This setup is, however, not as perfect as the previous one because Stochastic is not yet oversold and Parabolic SAR has just turned into sell phase.

Another counter worth watching is NOL !