Wednesday, June 1, 2011

Indofood Agri: Rebounding.

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