IndoAgri (technical)

IndoAgri: OCBC Technicals notes the stock could see more upside ahead after initiating a strong rebound off the $0.95 key resistance-turned-support on heavy volume in the last session. MACD has also just initiated a bullish crossover; this suggests that the upside momentum is picking up quickly. The counter could climb higher towards the next key resistance at $1.18 (key support-turned-resistance) in the weeks ahead. The house advocates a stop-loss exit around $0.93, which is slightly below the firm horizontal support of $0.95.