Indonesian presence

GOLDEN AGRI-RESOURCES (63.5 cents) - Temporary rebound
- Prices may attempt to sart bottoming
- Prices are trying to hold on to support at 63 cents
- Short term trading range is likely to be narrow with prices between 63 and 65 cents
- Indicators are falling, breakdown could still materialize

INDOFOOD AGRI ($1.275) - Drifting lower
- Dead cross of 50 and 100 day moving averages could keep prices under pressure
- Counter broke sideway trading range indicating target of $1.15
- Prices may continue to trend lower
- Rebound would find resistance at $1.35

SAMKO TIMBER (13.5 cents) - Attempting breakout
- Breaking out of a minor base formation
- Breakout level is at 13 cents
- Break indicates target of 18 cents

SINARMAS LAND (28 cents) - Stuck beneath moving averages
- Trading below NAV of 49 cents
- Technically the chart does not look exciting
- Prices are attempting to find support at 27 cent level
- Moving averages are bunched together at 29 cents

FIRST REIT ($1.07) - Over-extended
- Prices are still very much on an uptrend
- Quarterly momentum formed a negative divergence with price
- Next level of resistance appears at $1.26

LIPPOMALLS RETAIL TRUST (47.5 cents) - Temporary correction
- Temporary retreat is underway
- Resistance is at 49 cents
- Move is likely to be correction in an uptrend
- Break above 49 cents indicates target of 59 cents

(Source:  TheEdgeSingapore October 29 2012)