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Thursday, September 8, 2011

IndoAgri - Possible Breakout ?

IndoAgri is approaching the long term downtrend line. Breakout denotes sign of strength and will sought $1.5, $1.6 and $1.7 as targets. Failure to surpass $1.45 calls for a pull back to $1.20.

The Market
STI closed with a hanging man candlestick in evening star position. There is bearish implication from this closing.