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[CU]

IndoAgri [2010-03-15] - $2.24

As shown, it looks like not just a Double, or Triple but a Quadro Bottom Reversal breakout! Just joking anything numbers more than three normally in theory we would call it a Complex pattern (e.g. Top, Bottom, H&S etc). Current pullback on much lower volume is viewed as bullish consolidation

Potential target - 2.37 | 2.41 (about 5~6% gain)
Tight stop-loss - 2.18
Validity - 1 week or upon breaking of support/resist

Chart created with ChartNexus charting software

[HC]

Indofood Agri (2011-07-22 Closing Price $1.585)

Triple divergence seen.  I think it is time to put this stock in watch list: to see if it can overcome the down trend line or break above 1.65.

[HC]

Indofood Agri (2011-07-29 Closing Price $1.675)

Breakout from 1.65 & down trend line seen, volume distribution chart shows present of big buyers.  Watch next resistance at 1.72-1.74.

[CU]

2011-08-18 IndoAgri weekly chart [$1.29]

• an interesting to note is that this stock has been very "disciplined", trading within parallel trends as shown since 2009
• as the chart shown since 2009, stock begin with a powerful parallel uptrend
• initial break of trendline in early 2010 change the trending from UP to wide sideway parallel swing
• higher low in sep-2010 resume the stock to a new parallel uptrend
• multi-month bearish divergence on MacD finally turned the stock to move into a downtrend parallel trend as of current
• so, in order to change the "state" of current trend, we must observe an initial break of trendline, or an observation of divergence on e.g. MacD indicator
• presently, there's none of them