Friday, July 29, 2011


IndoAgri: CIMB Has Tehnical Buy Call. Recommend to follow yesterday’s long white candle on rising volume, but think that prices are more likely to rally further from here. The bullish divergence on its indicators also bode well for the stock.
Recommend stock as Buy now, targeting the $1.68 in the near term. There is a good chance that it could breakout and climb further to try to close the huge $1.96-2.04 gap. A minor resistance is seen around the $1.78 levels.

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