Chart speaks a thousand words
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| Indofood Daily 15Feb17 |
Indofood has moved up today. Moved up to a strong resistance level @ 58, closed 565.
58 has proven to be a tough resistance level to break through for indofood as this has been previously tested and price turned down from there. On a more positive note, we are seeing higher lows on this chart. I expect prices to consolidate between 56 to 58 before the next leg up.
EP was 54, SL 52. To protect profits, the SL for this trade will be shifted to 555
MTOBEIOF
555 sell triggered, position closed
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