Bumitama Agri.
As mentioned back in 11 Sept 2012, A move below the lower bound, followed by the Uptrend Sloping Line may test the immediate support of 1.02 - 1.04; whereas A move above 1.150, followed by the Median Line, will see resistance of 1.200 - 1.220, followed by 1.295 - 1.300 (if there is a triangle breakout).
Although it did move above 1.150 but failed to move above the Median Line. The subsequent action is that it move below the lower bound and then the uptrend sloping line.
And now we are seeing it testing the support line of 1.020 - 1.040. Because of its actions involved after 11 Sept 2012, the current setup is now trading within the 38.2 - 61.8 Fibonacci Retracement Level of 0.980 - 1.060. Sideway trading between the ...
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