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Saturday, 31 May 2014

Indofood Agri: 31 May 2014, Saturday, 5.17pm Singapore Time

Indofood Agri: 31 May 2014, Saturday, 5.17pm Singapore Time
Chart courtesy of Chartnexus.com

+ $1.12-$1.175 resistance band is the resistance that ensures the sustained bear market in Indofood Agri.
+ Indofood Agri is completing its price satisfaction escape wave.
+ Resumption in bear market. 
+ Maximum +10.000 FFA is completing and U-turning, and this had been the best performance that Indofood Agri can offer. 
+ Resumption of sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets as per warned in Daily Funds Flow Analysis
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides as previously warned
+ This is yet another stock that is transiting to long term bearishness

Donovan Norfolk Ang Technical Rating:
Bearish-biased.
Exit and Get Out of stocks & Equities.
Short/Sell off on opportunistic rebounds.




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