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Monday, 28 November 2016

Indofood Agri with 3 In-Depth Technical Charts: 28 November 2016, Monday, 10.45am Singapore Time

Indofood Agri Technical Chart 1:
28 November 2016, Monday, 10.45am Singapore Time

Per my forewarnings on commodity stocks worldwide to have a super rally in 2017:
Attached is the technicals and volume analysis for Indofood Agri that is listed in the Singapore SGX: Highly Bullish with a high upside upmove coming. Long term downtrend line resistances have been broken up on 2 occasions as illustrated in detail on chart. Signal of intention has been showhanded:
Super rally is coming.

Indofood Agri Technical Chart 2:
28 November 2016, Monday, 10.45am Singapore Time

Chart 2 illustrates how the big rounding bottom was formed as well. It is a bullish re-accumulation and a U-turn back up for bullishness.

Indofood Agri Technical Chart 3:
28 November 2016, Monday, 10.45am Singapore Time

Chart 3 is described as follows:
Triple bottom with long term downtrend-line resistances already broken up with high volume on the 2 occasions as previously highlighted:
Strong signal of intention to attack upwards.

As per forewarned in early 2016, commodity stocks are the place to be in for a new cycle play for 2017.

DNA Technical Rating for December-2016 and 2017:
Very Bullish

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