Against the trend

GOLDEN ARGI-RESOURCES (71.5 cents) – Stronger than the market
- Counter has gained relative strength against the market
- Breakout level is at 68 cents
- Break above 68 cents indicates a target of 81 cents
- Move below 67 cents invalidates upmove

INDOFOOD AGRI RESOURCES ($1.32) – Gains strength
- Prices appear to be struggling
- Move above $1.30 on high volume is needed for upside breakout
- Support is at $1.25

KENCANA AGRI (34 cents) – Short-term sideways
- Quarterly momentum has started to rise
- Breakout level is at 35 cents
- Support is at 32 cents

WILMAR INTERNATIONAL ($5.16) – Possible breakdown
- Support is at $5 and a breakdown would lead to retest of $4.38
- Move above 50 and 100 day moving averages invalidate the breakdown scenario

OLAM INTERNATIONAL ($2.36) – Rebounds off support
- Prices found support at $2.20
- Resistance is at $2.40
- Break below support gives a target of $1.80

NOBLE GROUP ($1.20) – Rebound temporary, downtrend to resume
- Counter remains weak
- There is some support at $1
- Resistance is at $1.18

(Source: TheEdgeSingapore December 5, 2011)