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Learn Technical Analysis Course for Singapore Stock, Options, CFDs, Forex and Futures | TerraSeeds Market Technician Pte Ltd – Singapore

Saturday
May 17th
Home arrow Useful Tools & Info arrow Charts And Analysis arrow Applying Practical Technical Analysis (Novice) Strategy to Indofood Agri
Applying Practical Technical Analysis (Novice) Strategy to Indofood Agri PDF Print E-mail
Hot stock Indofood Agri
 

How do we know that a particular stock has more relative strength than another stock? Well, simple, the answer can be found in the black dotted line – a concept taught in TerraSeeds Practical Technical Analysis (Novice) class.

 

IndoFood Agri moves above the black dotted line, suggesting that uptrend is still intact. Price movement obeyed a triangular pattern movement.  We have a WTT bullish reversal pattern and subsequently price moved up from $2.40 to $2.72. If you missed the WTT reversal trade, BRB allowed a buy on dip (bottom-fishing) re-entry, allowing one to catch the price upswing from $2.33 to $2.48 today.

 

Resistance lies at $2.71. Fibonacci Projection targets $2.77-$2.80. Fibonacci retracement support at $2.36.

 

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Disclaimer:
All of the information and analysis were and should be taken as having been prepared for the purpose of general circulation and education and that none were made with regard to any specific investment objective, financial situation or the needs of any particular person who may receive the information or analysis (including yourself). Any recommendation or advice that may be expressed in or inferred from such information or analysis therefore does not take into account and may not be suitable for your investment objectives, financial situation and particular needs. You should consult a qualified financial advisor for advice.
 
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