Monday, September 20, 2010

SGX: IndoAgri (Buy call)


Firstly, based on technical analysis. The chart shown a bullish signal to us. Why do I say so? Firstly, we can see it rebounds from the important support line (200 MA). Then a morning star formed today. Another white candle stick formed with high volume. Blue line in stochastic is crossing up as well.

Then fundamental analysis, DBS maintained their rating " buy " for this stock last Friday.

No comments:

Post a Comment