Shares & Derivatives
Indofood Agri: Rebounding.
By A Singaporean Stockmarket Investor (ASSI)  •  June 1, 2011
Indofood Agri Resources assured investors that PT SIMP’s listing will not dilute its earnings as much as analysts had feared. So, is this a good time to go picking up some shares of the company?
A long white candle was formed on the back of high volume today as price broke resistance at $1.69 to close higher at $1.71. The MFI and RSI have been spotting a positive divergence with its declining share price and we could see the rebound in price test the next resistance at $1.78......
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By A Singaporean Stockmarket Investor (ASSI)
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