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14-07-2008, 08:36 PM

cheongtk

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Join Date: May 2008

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IndoAgri

The stock has recently broken the significant level of 200 DMA which was at 2.2. If the stock is unable to trade back above it, then it has the following support levels -

Support 1 - 2.05
Support 2 - 1.97
Support 3 - 1.86

However, if the stock is able trade back above its 200 DMA, then it might go to 2.4 i.e. 30 DMA. The 200 DMA is a crucial level to watch out for.

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