Follow up post on Noble and IndoFood Agri

“These are still very early part of the trend and whether it will sustain remain to be seem. … …

In conclusion, I would say these are very early buy signals on TradersGPS. Whether the uptrend will sustain remain to be seen.”

Below is the chart for Noble , yesterday price action was very impulsive with a red arrow and the Trend Impulse Factor shooting high. My view, the Noble may continue it down move from here. Next support is 0.925 follow by 0.80.

For Indofood Agri, yesterday, the red arrow also appeared , though the impulse is lower. Support is around 0.66. At the moment it is still sideway , but if 0.66 breaks, it may go lower.

In conclusion, one must know when a assumption is made invalid and take necessary action.

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